Mat To Be Waived For Fiis

While the government waived off levy of 20 per cent mat on capital gains made by fiis and foreign portfolio investors from this fiscal the disputes regarding levy of mat for past years will be looked into by the shah panel. The decision to be carried out through an amendment to income tax act. The panel is likely to have three members including tax experts.

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The finance act 2015 had said that mat will not apply on fiis fpis.

Mat to be waived for fiis.

Shah committee has said that there is no legal basis for levying 20 mat on past capital gains. Read more about mat waiver for fiis will spur market. Union finance minister arun jaitley announced on tuesday that the narendra modi government had decided to waive the controversial minimum alternate tax mat on capital gains made by foreign. Has decided to waive the controversial mat on capital gains made by fiis prior to april 1 2015.

Subsequently in september 2015 finance minister arun jaitley announced the government s decision not to pursue the mat. Mat to be waived for fiis govt. Sinha on business standard. Minimum alternative tax mat waiver on foreign institutional investors fiis prior to april as recommended by the government appointed shah panel would be positive for the stock market union minister of state for finance jayant sinha said on.

Government Won T Yield To Fii S Rs 40k Cr Tax Waiver Demand

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