Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs

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....l. The gap between the potential and the actual tax payers appears to be wider in the case of tier-II cities and towns. 2. Considering the priorities of the Government and the need to widen the tax base, a concerted and focused effort in mission mode is required. We have to strive for adding at least 25 lakhs new assesses per month during the current financial year. 3. The strategy to achieve th....