If an assessee has brought forward credit of AMT of Rs. 100 and in FY 2018-19, no AMT is applicable to the assessee. Tax payable as per normal provisions is Rs. 20. How much credit can be utilised to pay tax.
RAHUL (Student CA Final ) (377 Points)
17 June 2019If an assessee has brought forward credit of AMT of Rs. 100 and in FY 2018-19, no AMT is applicable to the assessee. Tax payable as per normal provisions is Rs. 20. How much credit can be utilised to pay tax.
Gauthami
(Student CA Final )
(428 Points)
Replied 17 June 2019
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