MAT on FIIs - Not for DTAA countries?
NEWSPAPERS have reported that MoS Jayant Sinha, Revenue secretary Shaktikanta Das and CBDT Chairperson Anita Kapur told the FIIs in an international conference call that they can avail the double taxation avoidance agreement (DTAA) for relief from the minimum alternate tax (MAT) demand they are facing in India. There was no official clarification till late in the evening.