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New I-T Bill Restores Alternate Minimum Tax Relief for LLPs
Business Standard
|August 12, 2025
Lok Sabha Clears Revised I-T Bill, Along With Tax Law Amendments
In a relief for non-corporate taxpayers, the government on Monday corrected an earlier drafting error, reinstating relief from the alternate minimum tax (AMT) for partnership firms and limited liability partnerships (LLPs) under the revised Income Tax (No. 2) Bill, 2025, presented in Parliament by Union Finance Minister Nirmala Sitharaman.
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