banner_ad

Amt applicability and zero income tax liability

ITR Filing 538 views 1 replies

Hello,

I'm an individual senior citizen and my income is from salary, interest(FD) and shares. My taxable income comes to Rs. 404130 after all the deductions. There is no capital gain, but short term capital loss from shares. I'm filing my income tax return through ITR2 excel utility. 

In Part B tt1, tax payable on total income is being shown zero. Secondly, the AMT schedule is also showing income adjusted total income of Rs. 404130 under section 115jc. Why the tax liability is not being shown even though the schedules filled by me have been validated by excel utility?

Replies (1)
AMT is not applicable in case of Individual, Trust, AOP, BOI whose Gross total Income is less than 20 Lac.
So you are not covered under this limit.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details