September 1, 2015 / 2:39 PM / 2 years ago

India gives relief to foreign investors on MAT issue

NEW DELHI, Sept 1 (Reuters) - India has waived retrospective imposition of a controversial minimum alternative tax (MAT) affecting foreign investors, the Finance Minister said on Tuesday, in a move that could resolve an issue that has damaged investor confidence.

Finance minister Arun Jaitley said the government had accepted the recommendations of a panel set up to examine the issue, and said he would make the change permanent through legislation in the next parliament session. (Reporting by Aditya Kalra)

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