Provisions of section 115JC under Chapter XII-BA shall not apply to an Individual or a HUF or an AOP or a body of Individual (whether incorporated or not) or any artificial judicial person, if the adjusted total income o

CS Executive · Tax Laws and Practice · PYQS · December 2020
Provisions of section 115JC under Chapter XII-BA shall not apply to an Individual or a HUF or an AOP or a body of Individual (whether incorporated or not) or any artificial judicial person, if the adjusted total income of such person does not exceed ₹______.
(A) 5 lakh
(B) 10 lakh
(C) 20 lakh
(D) 30 lakh

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Alternate Minimum Tax (AMT)

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