Calculation of AMT

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3 Points Posted on 28 November 2021
while calculation adjusted total income for AMT purpose depreciation allowed u/s 32 means that additional depreciation also deducted ?
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On 28 November 2021 at 21:44 Report
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This discussion clarifies the calculation of Adjusted Total Income for Alternative Minimum Tax (AMT) purposes. It confirms that standard depreciation under Section 32 is deductible. The key question remains whether additional depreciation should also be deducted when calculating AMT.

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Chartered Accountant
24588 Points Posted on 29 November 2021
Yes depreciation should be deducted
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On 29 November 2021 at 05:58
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3 Points Posted on 29 November 2021
But what about additional depreciation ?
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On 29 November 2021 at 16:44

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