Income tax 115JC

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Section 115JC relates to the Alternate Minimum Tax (AMT). This tax becomes applicable when your regular income tax payable is less than the calculated AMT. This often occurs when significant deductions are claimed under specific sections like 10AA for SEZs or 35AD for specified businesses. For individuals and certain other entities, the AMT is only relevant if their adjusted total income exceeds £20 lakh.

Sankar Chakraborty

Sankar Chakraborty (Querist)

04 August 2025 WHAT IS THIS SECTION 115JC

SCHEDULE AMTC - COMPUTATION OF TAX CREDIT UNDER SECTION 115JC
1 Tax under section 115JC in assessment year 2025-26 (1d of Part-B-TTI) 1 0
2 Tax under other provisions of the Act in assessment year 2025-26 (7 of Part-B-TTI) 2 19,914
3 Amount of tax against which credit is available [enter (2 – 1) if 2 is greater than 1,
otherwise enter 0] 3 19,914

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

04 August 2025 AMT under Section 115JC becomes applicable if the regular income-tax payable by the assessee for a previous year is less than the Alternate Minimum Tax (AMT) payable for that year. This usually happens when the assessee claims deductions under specific sections, such as:

Section 10AA (deductions for units in Special Economic Zones - SEZs)

Section 35AD (deductions for capital expenditure on specified businesses)

Certain deductions under Chapter VIA (excluding Section 80P, which is for cooperative societies).

Additionally, for individuals, HUFs, AOPs, and BOIs, AMT applies only if their adjusted total income exceeds Rs. 20 lakh.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

24 September 2025 Good Luck...

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