Amt
This query is : Resolved
21 March 2012
kindly provide the detailed provision of Alternat Minimum Tax (AMT )
21 March 2012
Applicable to all non corporate assessee subject to the finance bill being passed..
The profit shall be recomputed so as to add back all the deduction claimed under chapter VI A (new industrial investments made and claimed) and 10AA (SEZ).. and pay 18.5% tax on the same..
The profit shall be recomputed so as to add back all the deduction claimed under chapter VI A (new industrial investments made and claimed) and 10AA (SEZ).. and pay 18.5% tax on the same..
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