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) |