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provision relating to AMT
AMT provision is applicable to LLP I.e income chargeble @ 19.055
Replies (3)
AMT is applicable to all non corporate assesses under section 115JC.
So 115JC is applicable to firms including llp if they satisfy conditions as stated in the section.
if the LLP CLAIMED DEDUTION UNDER SECTION 35 AD THEN THOSE CONDITION ARE NEED TO FOLLOWED
Yes Condition sepecified under section 115jc has to be followed when llp avails deduction under 35 ad and when tax payable under normal roue is less than tax payable under amt route
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