Rationalisati on of Provisions relating to tax credit for Alternate Minimum Tax  :

CLAUSE(S) OF FINANCE BILL, 2017	PARTICUL ARS OF AMENDME NTS	SECTION	AMENDMENT / NEWLY INSERTED	APPLICABLE W.E.F.	BRIEF OF AMENDMENT
46&48	Rationalisati on of Provisions relating to tax credit for Alternate Minimum Tax	115JD(4)	AMENDED	01st April 2018 (A.Y. 2018-19)	AMT can be carried forward up to 15 assessment years immediately succeeding the assessment years in which such tax credit becomes allowable (Previously AMT credit can be carried forward only up to 10 assessment years)