Menu
Income tax Return
If firm has incom above 6crore &capital gain is zero, All other income &deduction add,after all detail include refund is 8000 ,But confusion that is AMT Applicable???? when AMT apply???
Replies (2)
AMT provisions are not applicable to an individual, Hindu Undivided Family (HUF), Association of Persons (AOP), Body of Individuals (BOI) and artificial juridical person whose adjusted total income does not exceed Rs 20,00,000.
Therefore, this exemption based on monetary threshold of adjusted total income is not applicable to LLPs, partnership firms and other non-corporate assessees. AMT is Applicable for a partnership firm
Refer this link https://cleartax.in/s/amt-alternative-minimum-tax
so this case AMT Apply or not???
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
