AMT - Tax Credit - Section 115JD

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..... y. 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-section, s .....

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..... 7), Provisions of this section shall not apply to the following w.e.f. 01st 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 Guid .....

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