Alternate Minimum Tax credit exclusion: taxpayers opting concessional tax regimes or under special computation will be ineligible. The substituted sub-section provides that section 115JD shall not apply to a person who has exercised the option to be taxed under a concessional tax regime or whose income-tax is computed under the special computation applicable to that regime, thereby excluding such taxpayers from entitlement to the alternate minimum tax credit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Alternate Minimum Tax credit exclusion: taxpayers opting concessional tax regimes or under special computation will be ineligible.
The substituted sub-section provides that section 115JD shall not apply to a person who has exercised the option to be taxed under a concessional tax regime or whose income-tax is computed under the special computation applicable to that regime, thereby excluding such taxpayers from entitlement to the alternate minimum tax credit.
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