Is it really such a major issue for FPIs, after all?
The total amount of MAT payable by FPIs is Rs.602 crore. That really makes me ponder! FIIS brought in close to $44 billion last year and almost a third of that in the first 3 months of 2015. Their total investment in India is over $250 billion. Then why does a penalty of $90 million really rankle. The issue is something much larger. Continue reading