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What is the purpose of the Alternate Minimum Tax (AMT) in India?a)To reduce luxury goods demand and maintain the value of rupees.b)To impose an additional tax on all taxpayers.c)To encourage tax evasion among higher income earners.d)To replace the regular income tax system.Correct answer is option 'A'. 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 What is the purpose of the Alternate Minimum Tax (AMT) in India?a)To reduce luxury goods demand and maintain the value of rupees.b)To impose an additional tax on all taxpayers.c)To encourage tax evasion among higher income earners.d)To replace the regular income tax system.Correct answer is option 'A'. 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 What is the purpose of the Alternate Minimum Tax (AMT) in India?a)To reduce luxury goods demand and maintain the value of rupees.b)To impose an additional tax on all taxpayers.c)To encourage tax evasion among higher income earners.d)To replace the regular income tax system.Correct answer is option 'A'. Can you explain this answer?.

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