High-level committee to deal with Minimum Alternate Tax issues
The Dollar Business Bureau In a move to address the tax issues concerning the Foreign Institutional Investors (FIIs), the Government of India (GoI) has announced a high-level committee that would look into the tax-related matters involving FIIs. A statement to this effect on ‘setting up of a high-level committee’ was said to have been made by Arun Jaitley, Union Minister of Finance, GoI, on Friday. A high-level committee, announced by the Ministry of Finance, would give its recommendations on the issue of the Minimum Alternate Tax (MAT) that has been imposed on the FIIs by the GoI, say the reports. Further, the Revenue Secretary, Shaktikanta Das, was also quoted to have stated that the issue of MAT on FIIs ...
