Officers of CBDT Dealing with International Taxes have been Advised Not to Take any Coercive Action Against FIIs for Recovery of Demand Already Raised by Invoking Provisions of MAT

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....fficers of CBDT Dealing with International Taxes have been Advised Not to Take any Coercive Action Against FIIs for Recovery of Demand Already Raised by Invoking Provisions of MAT <br>News and Press R....

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....elease<br>Dated:- 11-5-2015<br><BR>The Union Finance Minister Shri Arun Jaitley, while responding to the discussions on the Finance Bill in Rajya Sabha on 7th May, 2015, had announced the constitution....

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.... of a Committee headed by Justice A.P. Shah to look into, inter alia, the issue of Minimum Alternate Tax (MAT) on FIIs. The Committee is expected to give its report on this issue expeditiously. In th....

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....e light of the Finance Minister's announcement, officers dealing with International Taxes have been advised that no coercive action be taken for recovery of demand already raised by invoking provision....

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....s of MAT in the case of foreign companies particularly FIIs. Issue of fresh notices for reopening of cases as also completion of assessment should also be put on hold unless the case is getting barred....

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.... by limitation.<BR> News - Press release - PIB....