TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>AMT applies to non-company assessees with adjusted income over 20 lakhs, except under sections 115BAC, 115BAD, 115BAE.</h1> All assessees except companies must pay Alternative Minimum Tax (AMT) if their tax under normal provisions is less than 18.5% of their Adjusted Total Income, plus surcharge and education cess. AMT is not required if the adjusted total income is 20 lakhs or less. AMT applies to LLPs and other firms without a limit. It applies to those claiming deductions under sections 80-IA to 80RRB (excluding 80P), 10AA, or 35AD. From April 1, 2024, AMT provisions will not apply if the assessee opts for sections 115BAC(5), 115BAD(5), 115BAE(5), or computes income tax under section 115BAC(1A).
TaxTMI 
TaxTMI 
