Set off of amt u/s. 115jd

My query with regard to set off of AMT credit u/s.115JD.

What is the consequences of setting off of AMT credit u/s.115JD if there is change in partners of a partnership firm?

For ex.There are 4 partners having equal share in the firm for the first 10 years of business, during this period firm has availed a AMT credit of Rs.10 crore and in 11th year, three old partners got retired and 3 new partners joined the firm.

Will it effect to claim set off of AMT credit u/s.115JD in the 11th year?

Please suggest.

Replies (1)

Dear Ravi Kumar is your issued resolved. I also need guidance on such issue.

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