alternate minimum tax
gaurav gupta (student) (28 Points)
25 July 2017
Is there any limit that above this adjusted total income alternate minimum tax will be applicable
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 25 July 2017
If the assessee is an Individual, HUF, AOP, BOI or an artificial juridical person and the adjusted total income for the year is 20 Lakh or less , then the provision of alternate minimum tax is not applicable.
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