The provisions of alternate minimum tax under section 115JC are applicable for limited liability partnership when the adjusted total income exceeds:

CS Executive · Tax Laws and Practice · PYQS · June 2017
The provisions of alternate minimum tax under section 115JC are applicable for limited liability partnership when the adjusted total income exceeds:
(A) ₹ 10 lakhs
(B) ₹ 20 lakhs
(C) ₹ 100 lakhs
(D) ₹ 5 lakhs

Answer & Explanation:

The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: None of the options are found to be correct. The correct answer is : No limit prescribed for applica bility of Section 115JC for LLP.

Topics: Income Tax

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