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of <h1>Clause 206 Unifies MAT and AMT Calculation, Standardizing Tax Computation Across Corporate and Non-Corporate Entities</h1> The Income Tax Bill, 2025's Clause 206 harmonizes Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) computation across corporate and non-corporate entities. It introduces a standardized formula for calculating book profits, mandates consistent accounting practices, and provides detailed adjustments for special categories of assessees. The provision aims to ensure minimum tax contributions, prevent tax base erosion, and align with contemporary accounting standards while simplifying computational methodologies.
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