CBDT Chairman P C Mody Monday said the government will soon issue a clarification on the increase in tax rate on foreign portfolio investors to allay their concerns.
On whether the clarification will be issued soon or after discussion on Budget in Parliament, Finance Minister Nirmala Sitharaman said it is not required at the moment.
"I don't think clarification at the moment is all that's required. Let's see as it goes. You think it is required?" she said.
The finance minister added, "Don't want to sound like a stickler for rules, but this is an answer that I'd rather give in Parliament."