AMT - Tax Credit - Section 115JD

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..... iability. However, where the amount of tax credit in respect of any income-tax paid in any country or specified territory outside India under section 90 or section 90A or section 91 , allowed against the alternate minimum tax payable, exceeds the amount of the tax credit admissible against the regular income-tax payable by the assessee, then, while computing the amount of credit under this sub-sec .....

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..... D(7) , Provisions of this section shall not apply to the following w.e.f. 01 st April 2024 [Amendment by FA, 2023 ] - Such person has exercised the option referred to in section 115BAC(5) or section 115BAD(5) or section 115BAE(5) ; or Income-Tax payable in respect of the total income of such person is computed under section 115BAC(1A) . - Manuals - Ready reckoner - Law and practice - Reference G .....

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