https://www.taxtmi.com/article/detailed?id=1666 Minimum Alternate Tax rules permit specified regulated companies to compute book profit using profit and loss accounts prepared under applicable regulatory provisions rather than Schedule VI; book profit is increased by revaluation reserve on retired or disposed revalued assets not credited to profit and loss, and reference to Part III of Schedule VI is deleted. Alternate Minimum Tax is extended to non company persons claiming deductions under the Chapter VI A heading and the SEZ profit deduction, subject to exclusion for certain small adjusted total incomes, with consequential amendments to tax credit and compliance provisions. en-us Wed, 21 Mar 2012 07:53:30 +0530 Wed, 21 Mar 2012 07:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1666 Minimum Alternate Tax rules permit specified regulated companies to compute book profit using profit and loss accounts prepared under applicable regulatory provisions rather than Schedule VI; book profit is increased by revaluation reserve on retired or disposed revalued assets not credited to profit and loss, and reference to Part III of Schedule VI is deleted. Alternate Minimum Tax is extended to non company persons claiming deductions under the Chapter VI A heading and the SEZ profit deduction, subject to exclusion for certain small adjusted total incomes, with consequential amendments to tax credit and compliance provisions. Articles Income Tax Wed, 21 Mar 2012 07:53:30 +0530 https://www.taxtmi.com/article/detailed?id=1666