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of <h1>Tax Reform Simplifies MAT and AMT Rules, Offering Strategic Exemptions for Insurers, Low-Income Entities, and Specialized Funds</h1> Legal Analysis Summary:The text analyzes Clause 206(18) of the Income Tax Bill, 2025, addressing Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) provisions. The clause introduces targeted exemptions for specific entities, including life insurance companies, taxpayers opting for alternative tax regimes, entities with low adjusted total income, and specified funds. The provision aims to reduce tax avoidance while simplifying compliance for smaller taxpayers and certain specialized entities. It represents an evolution from previous tax regulations, providing more comprehensive and nuanced exclusions from minimum tax requirements.
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