Applicability of Alternative Minimum Tax - Section 115JC

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....iable to pay AMT if the tax payable under the normal provisions of Income tax is lesser than 18.5% of Adjusted Total Income (Plus surcharge and education cess). However, AMT shall not be payable if a....

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....this section shall not apply to the following w.e.f. 01st April 2024 [Amendment by FA, 2023] - * such person has exercised the option referred to in section 115BAC(5) or section 115BAD(5) or section....