No Minimum Alternate Tax (MAT) on foreign companies having no PE in India-CBDT
GOVERNMENT has already clarified the inapplicability of MAT provisions to FIIs/FPIs. Government has decided that MAT under section 115JB of the Income-tax Act will not be applicable to foreign companies having no place of business/permanent establishment in India.
The Income Tax Act will be amended.
Until Tomorrow with more DDT
Have a nice day.
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