India Pulls Back From $6.4bn Tax Raid on Foreign Investors
!["What applies post April 2015 — that is no MAT on capital gain on FIIs — will also apply [for] pre-April 2015," Mr Jaitley said.](http://www.abudhabi2.com/wp-content/uploads/2015/09/VBK-JAITLEY_2216805g1-622x400.jpg "India Pulls Back From $6.4bn Tax Raid on Foreign Investors")
!["What applies post April 2015 — that is no MAT on capital gain on FIIs — will also apply [for] pre-April 2015," Mr Jaitley said.](http://www.abudhabi2.com/wp-content/uploads/2015/09/VBK-JAITLEY_2216805g1.jpg)
“What applies post April 2015 — that is no MAT on capital gain on FIIs — will also apply [for] pre-April 2015,” Mr Jaitley said.
Arun Jaitley, finance minister, said the government had accepted the recommendations of a committee it appointed in May and would not apply so-called minimum alternate tax to foreign institutional investors for the period before April 1 this year. They are already exempted from that date onward. Details
