Government Accepts Shah Panel Report on Tax Waiver in Big Relief for Foreign Investors | Read
n a move to placate foreign investors, the government has accepted a report on minimum alternate tax or MAT which recommends a waiver of tax on capital gains of earlier years. "Today I have accepted the report of the AP Shah Panel," Mr Jaitley said on Tuesday evening, explaining that the report suggests that no retrospective tax be levied on foreign investors.
