ITR filing GST filing Accounting outsourcing services

How i can help

in

Search    Ask query
Get work done

2 weeks ago


Utilisation of AMT CREDIT (Ours is a sez unit ( partnership Firm) and we obtain section 10AA Deduction for the last 10 years i.e. 100% deduction for first 5 years and 50% deduction for the next 5 years. We had AMT Credit in our books. Now we are filing incom tax return for F.Y.201-22 with taxable income of Rs. 4.21 crore and we are not opting for section 10AA Deduction this year i.e. 50% of profits transferred to sez reinvestment reserve. Now my question is can I utilise AMT Credit for paying full amount of tax (i.e. not the difference between tax as per normal provision and tax as per AMT) as per section 115JEE ?)


  • x
  • x
  • x


to post comment