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FIIs cannot expect retrospective exemption: Revenue Secy

Government is at loggerheads with a clutch of foreign investors over levying the minimum alternate tax (MAT). The Centre in the Budget had given MAT exemption prospectively. And speaking to CNBC-TV18‘s Sapna Das, Revenue Secretary Shaktikanta Das made it clear that FIIs cannot expect retrospective exemption.

first published: Apr 16, 2015 06:16 pm

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