Alternate minimum tax
Zahid (Finance Manager) (36 Points)
20 November 2013Zahid (Finance Manager) (36 Points)
20 November 2013
Shivashish
(Chartered Accountant)
(2796 Points)
Replied 22 November 2013
Yes you should if it income exceeds Rs.20lacs....Further there is least possibility that AMT will apply in case of individual/HUF since they are not eligible for carrying out projects of 80IA,80IB, etc since this income is only added back while doing AMT calculations.
Thanks.