The provisions of Alternate Minimum Tax (AMT) will apply only when the adjusted total income computed under section 115JC exceeds:

CS Executive · Tax Laws and Practice · PYQS · December 2017
The provisions of Alternate Minimum Tax (AMT) will apply only when the adjusted total income computed under section 115JC exceeds:
(A) ₹ 5 lakhs
(B) ₹ 20 lakhs
(C) ₹ 50 lakhs
(D) ₹ 100 lakhs

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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