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Amendment of section 115JD.

Clause 48 - Bills - DIRECT TAXES - Income-tax - Bill - Clause 48 - 48. In section 115JD of the Income-tax Act, with effect from the 1st day of April, 2018,- (a) in sub-section (2), the following proviso shall be inserted, namely:- Provided that where .....

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issible against the regular income-tax payable by the assessee, then, while computing the amount of credit under this sub-section, such excess amount shall be ignored. ; (b) in sub-section (4), for the words tenth assessment year , the words fifteent .....

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l be the excess of the alternate minimum tax paid over the regular income-tax payable for that year and sub-section (4) provides that such tax credit is allowed to be carried forward for a period of ten years. It is proposed to amend the said sub-sec .....

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