Amt applicability

This query is : Resolved 

17 June 2013
is it AMT applicable salary person

17 June 2013 no its not applicable on salary person

17 June 2013 Agree with Expert.

Salary is not covered under AMT.


18 June 2013 then to whom it is applicable

please tel me

18 June 2013 it was applicable on LLP only till A.Y 2012-13.


but for A.Y 2013-14 and onward it applicable to all:-

1. LLp
2. Any other firm
3. Individual, HUF, AOP, BOI, Artificial Juridical Person.(if income exceed 20 Lacs)

4. Any other person (not being a company)

Please refer sec 115JC to 115JF of incoem tax act.




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