Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Alternate minimum tax credit exclusion for taxpayers opting under specified tax options now applies prospectively from the stated assessment year. The amendment inserts a new subsection excluding from section 115JD any person who has exercised the option referred to in section 115BAC or section ... Summary
Alternate minimum tax credit exclusion for taxpayers opting under specified tax options now applies prospectively from the stated assessment year.
The amendment inserts a new subsection excluding from section 115JD any person who has exercised the option referred to in section 115BAC or section 115BAD; this exclusion is effective from 1 April 2021 and applies to the assessment year beginning on that date and subsequent assessment years.
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