1.

What would be income of a person, on which the provisions of Alternate Minimum Tax are not applicable?

Answer»

The provisions of AMT under Chapter XII-BA shall not apply to Individual; or HUF or AOP or a BOI (whether incorporated or not) or An artificial juridical person referred to in section 2(31)(vii), If the adjusted total income of such person does not exceed Rs. 20,00,000



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