provision relating to AMT
santhuamma415@gmail.com (223 Points)
12 November 2018
AMT provision is applicable to LLP I.e income chargeble @ 19.055
santhuamma415@gmail.com (223 Points)
12 November 2018
ajay
(Student)
(178 Points)
Replied 12 November 2018
AMT is applicable to all non corporate assesses under section 115JC.
So 115JC is applicable to firms including llp if they satisfy conditions as stated in the section.
santhuamma415@gmail.com
(223 Points)
Replied 12 November 2018
ajay
(Student)
(178 Points)
Replied 12 November 2018
Yes Condition sepecified under section 115jc has to be followed when llp avails deduction under 35 ad and when tax payable under normal roue is less than tax payable under amt route
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