https://www.taxtmi.com/acts?id=12219 If a non-corporate person's regular income-tax is less than the alternate minimum tax, the adjusted total income is deemed the total income and taxed at the alternate minimum tax rate. Adjusted total income equals total income before this Chapter increased by add-backs of deductions claimed under Chapter VI-A, the deduction for certain new undertakings, and an adjustment to investment-linked deductions to offset depreciation. The person must obtain and furnish an accountant's report certifying correct computation by the prescribed date. Specified exceptions for IFSC units deriving convertible foreign exchange income, co-operative societies, and taxpayers under certain optional regimes apply. en-us Sun, 10 Apr 2011 15:41:06 +0530 Fri, 20 Jun 2025 12:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12219 If a non-corporate person's regular income-tax is less than the alternate minimum tax, the adjusted total income is deemed the total income and taxed at the alternate minimum tax rate. Adjusted total income equals total income before this Chapter increased by add-backs of deductions claimed under Chapter VI-A, the deduction for certain new undertakings, and an adjustment to investment-linked deductions to offset depreciation. The person must obtain and furnish an accountant's report certifying correct computation by the prescribed date. Specified exceptions for IFSC units deriving convertible foreign exchange income, co-operative societies, and taxpayers under certain optional regimes apply. Act-Rules Income Tax Sun, 10 Apr 2011 15:41:06 +0530 https://www.taxtmi.com/acts?id=12219