Under section 206 of the Income-tax Act, 2025, the provisions relating to alternate minimum tax (as…

Under section 206(2)(a) of the Income-tax Act, 2025 (formerly Chapter XII-BA, sections 115JC to 115JF, of the Income-tax Act, 1961), where the regular income-tax payable for a tax year by a person other than a company is less than the alternate minimum tax, the adjusted total income is deemed to be his total income and he pays income-tax equal to the alternate minimum tax. Under section 206(2)(c), it applies to such a person only if he has claimed a deduction under Chapter VIII-C (other than section 149) or under section 46; under section 206(2)(d), it does not apply, among others, to a person whose income-tax is computed under section 202(1), or to an individual, Hindu undivided family, association of persons, body of individuals or artificial juridical person whose adjusted total income does not exceed ₹ 20 lakh. Companies are covered instead by the minimum alternate tax on book profit under section 206(1). As alternate minimum tax can apply to any non-corporate person (such as individuals, Hindu undivided families, firms including limited liability partnerships, and co-operative societies), it is not confined to Hindu undivided families or to individuals.