As Per Finance Act 2012 Every Assessee has been covered under alternate Minimum Tax Except Company which is covered under Minimun alternative Tax subject to certain conditions.
As Per Finance Act 2012 Every Assessee has been covered under alternate Minimum Tax Except Company which is covered under Minimun alternative Tax subject to certain conditions.
Alternate minimum tax is only for LLP..
All of u pls see new amendements AMT is applicaple for ALL ASSESSEES except Company because company covers under MAT
Before this year AMT only applicable to LLP but this is onwards AMT applicable for all w.e.f 1.4.2013
| Originally posted by : challa Anji Reddy (CA Reddy) | ||
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rgtly said.. gaurav and akshata , both of you need to update urself..
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rightly said its true AMT is for all other than company
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