The Government has accepted Shah Panel’s report, which rules out MAT levy on FIIs prior to April 1, 2015. Finance Minister – Arun Jaitley said that the report will be made public soon, and circulars will be issued to remove the grey areas. The author of the report, Justice AP Shah, spoke exclusively to ET NOW’s Supriya Shrinate and said that it was never the intention of the Government to levy MAT on foreign funds with retrospective effect. To get more insights on all of this, ET NOW’s Ashwin Mohan is joined by Ketan Dalal - Senior Tax Partner at PwC India and Bobby Parikh - Chief Mentor at BMR & Associates LLP. Tune in to the special show.
