Amt applicability
This query is : Resolved
CA Kapil Verma
(Expert)
17 June 2013
no its not applicable on salary person
Message likes :
1 times
Ajay Mishra
(Expert)
17 June 2013
Agree with Expert.
Salary is not covered under AMT.
Salary is not covered under AMT.
Message likes :
1 times
CA Kapil Verma
(Expert)
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.
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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