- This move is aimed at rationalizing MAT provisions for FIIs.
- The income earned by foreign firms from securities transactions, shall be exempted from MAT.
- Foreign investors currently hold over 40% of India’s public shareholding in equity markets.
- Currently, foreign investors in India have had to pay 15% on short-term listed equity gains, 5% on gains from bonds, and nothing on long-term gains.
Posted on | The Hindu