No retrospective MAT on FIIs, Govt. accepts Shah panel report and has decided to make appropriate Amendment to the IT Act [Read the Full Report]
Ipsita Mishra
2 Sept 2015 3:20 PM IST
![No retrospective MAT on FIIs, Govt. accepts Shah panel report and has decided to make appropriate Amendment to the IT Act [Read the Full Report]](https://www.livelaw.in/cms/wp-content/uploads/2014/09/Justice-A-P-Shah.jpg "No retrospective MAT on FIIs, Govt. accepts Shah panel report and has decided to make appropriate Amendment to the IT Act [Read the Full Report]")
Justice A.P. Shah Committee’s recommendation to clarify the Inapplicability of MAT to FIIs/FPIs has been accepted by the government. It has also been decided that the Income-Tax Act will be appropriately amended. The final report on applicability of MAT on FIIs/FPIs for the period prior to 01.04.2015 has been submitted by the Committee to the Government on 25.08.2015.To clarify...
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