Alternate Minimum Tax (AMT) under section 115JC is payable by a person other than a company on the adjusted total income at the rate of:

CS Executive · Tax Laws and Practice · PYQS · June 2019
Alternate Minimum Tax (AMT) under section 115JC is payable by a person other than a company on the adjusted total income at the rate of:
(A) 20% plus cess
(B) 18% plus cess
(C) 18.5% plus cess
(D) 20.5% plus cess

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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