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Under what conditions is the Alternate Minimum Tax (AMT) payable in India?a)AMT is payable by all individuals, regardless of their income.b)AMT is payable if the adjusted total income exceeds Rs 20 Lac for individual, HUF, and others.c)AMT is payable by corporations and trusts only.d)AMT is payable by everyone, irrespective of deductions claimed.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Under what conditions is the Alternate Minimum Tax (AMT) payable in India?a)AMT is payable by all individuals, regardless of their income.b)AMT is payable if the adjusted total income exceeds Rs 20 Lac for individual, HUF, and others.c)AMT is payable by corporations and trusts only.d)AMT is payable by everyone, irrespective of deductions claimed.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under what conditions is the Alternate Minimum Tax (AMT) payable in India?a)AMT is payable by all individuals, regardless of their income.b)AMT is payable if the adjusted total income exceeds Rs 20 Lac for individual, HUF, and others.c)AMT is payable by corporations and trusts only.d)AMT is payable by everyone, irrespective of deductions claimed.Correct answer is option 'B'. Can you explain this answer?.

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