Sec 115jc of income tax act 1961

Apr 30,  · As per section JC of Income Tax Act, , AMT is Alternate Minimum Tax computed on the adjusted total income of a non corporate assessee. Need For AMT? AMT is introduced in the Act, to reach and collect minimum taxes from the Non Corporate Assessees who are claiming certain profit linked deductions. Nov 21,  · Income Tax, by Kanishka on: Nov. 21, Section - JC, Income-tax Act, Special provisions for payment of tax by certain persons other than a company. From the Act (1) Notwithstanding anything contained in any other provision of this Act, where in the case of an assessee, being a company, the income-tax, payable on the total income as computed under this Act in respect of any previous year relevant to the assessment year commencing on or after the 1st day of April, [], is less than eighteen per cent of its book profit, [such book profit.

Sec 115jc of income tax act 1961

See. rule 40BA] Report under section JC of the Income-tax Act, for computing Adjusted Total Income and Alternate Minimum Tax of Act, (43 of ) 6. Income-tax payable on total income referred to in Column 5 above. Sl. No. Section under which deduction claimed: Amount of deduction. Income Tax Department > Tax Laws & Rules > Acts > Income-tax Act, Income Tax Department > All Acts > Income-tax Act, Section - JC. Special provisions for payment of tax by certain persons other than a company. Section - D. Special provision for computation of total income . Report. As per section JC of the Income Tax Act, , an assessee is liable to AMT should obtain a report in Form No- 29C prescribed under Rule 40BA from CA certifying the adjusted total income and the alternate minimum tax duly computed and furnish the report on or before the due date of filing the return u/s (1). From the Act (1) Notwithstanding anything contained in any other provision of this Act, where in the case of an assessee, being a company, the income-tax, payable on the total income as computed under this Act in respect of any previous year relevant to the assessment year commencing on or after the 1st day of April, [], is less than eighteen per cent of its book profit, [such book profit. Nov 21,  · Income Tax, by Kanishka on: Nov. 21, Section - JC, Income-tax Act, Special provisions for payment of tax by certain persons other than a company.2 INTRICACIES OF ALTERNATE MINIMUM TAX (SECJC) (KOL) Section JB of the Income-tax Act, - Minimum alternate tax. It provides overview and explanation with respect to the complexity of Section JB and JC of Income Tax Act It also provides. Special provisions for payment of tax by certain persons other than a company. Section jc of Income Tax Act AMT is a tax levied on 'adjusted total income' in a FY wherein tax on normal Finance Act, introduced AMT on Limited Liability Partnership (LLP) Deduction under Section 35AD – While capital expenditure in assets. Section JC-Income Tax Act, , Free online bare acts, rules & regulation, Government Act, rules & regulations, enactment, central bare acts, Laws, statutes .

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