<h1>Alternate minimum tax credit allowed to be carried forward and claimed despite previous applicability restrictions in later years.</h1> The amendment allows taxpayers who paid alternate minimum tax in an earlier year to claim credit in subsequent years in accordance with the credit provisions, notwithstanding prior applicability conditions that had required particular deductions or an adjusted total income threshold. The change removes impediments to claiming alternate minimum tax credit and is effective from the fiscal year commencing 1st April and applies to the specified assessment year and thereafter.