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Government accepts the Recommendation of the Justice A P Shah Committee to clarify the Inapplicability of MAT to FIIs FPIs and has decided that an appropriate Amendment to the Income Tax Act will be carried out

A Committee on Direct Tax matters chaired by Justice A P Shah was constituted with the initial mandate to examine the matter relating to levy of MAT on FIIs FPIs for the period prior to 01 04 2015 The Committee has submitted its final report on applicability of MAT on FIIs FPIs for the period prior to 01 04 2015 to the Government on 25 08 2015

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posted on 02 September 2015 , Hits 1141 Report Abuse

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