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of <h1>Tax Reform Clarifies Minimum Alternate Tax Calculations with Enhanced Definitional Precision and Accounting Alignment</h1> A comprehensive analysis of Clause 206(19) in the Income Tax Bill, 2025, reveals a detailed framework for minimum alternate tax (MAT) and alternate minimum tax (AMT) definitions. The provision introduces precise interpretations for key terms like 'adjudicating authority', 'convergence date', and 'transition amount', aligning tax regulations with modern accounting standards and corporate structures. It provides a more sophisticated approach compared to the previous Section 115JF, ensuring consistent tax computation and reducing potential litigation through clear definitional guidelines.
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