FM Sitharaman ends MAT confusion – Rakesh Nangia
The lower minimum alternate tax (MAT) rate announced as part of the corporation tax rate cuts in September will be applicable from the current fiscal year (2019-20 or FY20), Finance Minister Nirmala Sitharaman clarified on last week in the Lok Sabha after an error in the Taxation Amendment Bill spooked companies.
· Rakesh Nangia, Chairman, Nangia Andersen consulting shares his views on aforementioned story for following publications:
1. Economic Times- Front page/First – Standalone story
2. Business Standard- Front page/First – Standalone story