Income tax 115JC
This query is : Resolved
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
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
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.
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.
24 September 2025
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