Friday 24 April 2015

Govt is expected to clarify on MAT issue soon

The Budget session of Lok Sabha ends on May 8, while Rajya Sabha will continue till May 13 

The Finance Bill is likely to be taken up for discussion in the Parliament next week, according to a media report.

The Budget session of Lok Sabha ends on May 8, while Rajya Sabha will continue till May 13.

The government is expected to clarify at the time of passage of Finance Bill in Parliament that MAT will not be applicable on foreign portfolio investors belonging to nations with whom India has double tax avoidance pacts, the report further said.

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