Is AMT applicable on LLP firm?

Hi Team

Is AMT applicable for LLP firms?
If yes, then is it compulsory to file Form 29C in income tax return?

Thanks.
Replies (2)
Quick Summary
This discussion clarifies whether the Alternative Minimum Tax (AMT) applies to Limited Liability Partnerships (LLPs). It confirms that AMT is indeed applicable to LLPs under Section 115JC of the Income Tax Act. Furthermore, it addresses the requirement to file Form 29C with the income tax return, even if the LLP's income is less than 20 lakh.

Yes. AMT is applicable for LLPs u/s 115JC. Form 29C also required to be filed
Ok but income less than 20 lac?

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