Minister of State for Finance, Jayant Sinha, has said the government is considering clarificatory amendments to the rules relating to Minimum Alternate Tax, MAT, for the benefit of foreign investors, FIIs who have been battling tax demands of Rs 40 thousand crore. Mr Sinha said this on the sidelines of a conference on climate change Finance in India in New Delhi today. Earlier the Revenue Department had sent notices to FIIs demanding 20 per cent Minimum Alternative Tax on their capital gains by them till 31st of last month. A large number of FIIs have protested the notices and demands that they were exempt from long-term capital gains tax. Yesterday Mr Sinha, along with top government officials, had held meeting with Foreign Institutional Investors (FIIs) and said they should approach courts to get relief on these matters. The government had already made it clear that for the future MAT will not be applicable.