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22 June 2013 Is MAT applicable on AOP for A.Y. 2013-2014
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CA Kapil Verma

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CA Kapil Verma (Expert)
22 June 2013 no, But AMT is applicable u/s 115JC to JF
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sahil mahajan

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sahil mahajan (Querist)
22 June 2013 Diff B/w MAT & AMT
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sahil mahajan

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sahil mahajan (Querist)
22 June 2013 Suppose Trust has income of Rs. 160000/- is seeking exemption under sec 10(23c). How AMt is applicable & how to avoid it.
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CA Kapil Verma

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CA Kapil Verma (Expert)
22 June 2013 not a major difference please refer the particular section.
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sahil mahajan

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sahil mahajan (Querist)
22 June 2013 trust is AOP. But AMT is applicable if Income Exceeds Rs. 20 Lakh as per Section. But the Smart Tax Software applies AMT on income Of Rs. 160000/- of trust & not seekuing exemption .
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CA Kapil Verma

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CA Kapil Verma (Expert)
22 June 2013 your software is taking is wrong, contact its customer care or you can directly fill the excel utility of income tax website.

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