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.
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Utilisation of amt credit
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no amt credit can be used to pay tax as per income tax provisions unless amt is applicable and such amt credit can be carried forward for 10 A.Y
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