If an LLP claims deduction under section 35AD, the provisions of Alternate Minimum Tax (AMT) under section 115JC will apply when the adjusted total income exceeds —

CS Executive · Tax Laws and Practice · PYQS · December 2016
If an LLP claims deduction under section 35AD, the provisions of Alternate Minimum Tax (AMT) under section 115JC will apply when the adjusted total income exceeds —
(A) ₹10, i.e., no limit
(B) ₹10 lakh
(C) ₹20 lakh
(D) ₹3 crore.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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