Explained: How does the Income-Tax Bill 2025 change AMT rules for LLPs?
The revised Income Tax Bill 2025 has reinstated the Alternate Minimum Tax (AMT) exemption for Limited Liability Partnerships (LLPs) earning solely long-term capital gains (LTCG). The initial draft’s removal of this exemption created uncertainty, potentially erasing the preferential LTCG rate.…
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