Foreign investors under tax treaty benefits to be exempted from MAT
Sai Nikesh | The Dollar Business In a move to address concerns of Foreign Institutional Investors (FIIs), the government, on Friday, assured that FIIs will be able to avail tax benefits wherever possible in accordance to the Minimum Alternate Tax (MAT) cases. The Central Board of Direct Taxes (CBDT) has released a notification to this effect and asked tax officials to resolve issues pertaining to tax claims involving FIIs. The CBDT has asked tax officers to expedite ruling on whether an investor can qualify for the tax treaty benefit and hence will be exempted from MAT. Welcoming the move, Adish C Aggarwala, Chairman, All India Bar Association, told The Dollar Business, “Exempting FIIs, belonging to the countries having tax ...
