Shah Panel's Recommendation on MAT Positive for Market: Jayant Sinha

Bengaluru: Union Minister of State for Finance Jayant Sinha on Saturday said the A P Shah Committee's recommendation to grant relief to FIIs on Minimum Alternate Tax (MAT) will be a positive for the market. "The Shah report in fact has come out. I believe they have said the Minimum Alternate Tax (for the period before April 1, 2015) issue should be resolved quickly, which I think will be positive for the market...," he told reporter...