https://www.taxtmi.com/manuals?id=4871 An Alternate Minimum Tax mechanism deems a portion of book profits as taxable where total income computed under ordinary provisions is less than that deemed proportion, historically by treating thirty per cent of book profits as taxable to ensure a minimum corporate tax on companies with substantial accounting profits but low taxable income. en-us Mon, 09 Sep 2024 10:39:00 +0530 Thu, 12 Jun 2025 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4871 An Alternate Minimum Tax mechanism deems a portion of book profits as taxable where total income computed under ordinary provisions is less than that deemed proportion, historically by treating thirty per cent of book profits as taxable to ensure a minimum corporate tax on companies with substantial accounting profits but low taxable income. Manuals Income Tax Mon, 09 Sep 2024 10:39:00 +0530 https://www.taxtmi.com/manuals?id=4871