Alternate Minimum Tax (AMT) under chapter XII-BA will not apply if the adjusted total income of an individual does not exceeds :

CS Executive · Tax Laws and Practice · PYQS · December 2019
Alternate Minimum Tax (AMT) under chapter XII-BA will not apply if the adjusted total income of an individual does not exceeds :
(A) ₹5,00,000
(B) ₹10,00,000
(C) ₹20,00,000
(D) ₹25,00,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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