AMT - Applicability - Section 115JC

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..... AMT if the tax payable under the normal provisions of Income tax is lesser than 18.5% of Adjusted Total Income (Plus surcharge and education cess). However, AMT shall not be payable if adjusted .....

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..... , Provisions of this section shall not apply to the following w.e.f. 01 st April 2024 [Amendment by FA, 2023 ] - such person has exercised the option referred to in section 115BAC(5) or .....

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