Nirmala (age 52 years) having adjusted total income of ₹45 lakh. She has opted the provision of section 115BAC for assessment year 2022-23. The Alternate Minimum Tax is applicable u/s 115JC @:

CS Executive · Tax Laws · PYQS · December 2022
Nirmala (age 52 years) having adjusted total income of ₹45 lakh. She has opted the provision of section 115BAC for assessment year 2022-23. The Alternate Minimum Tax is applicable u/s 115JC @:
(A) 18.5% plus H & EC
(B) 15% plus H & EC
(C) 9% plus H & EC
(D) AMT Not Applicable

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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