Home > Income Tax Act 2025 > Section-206Last Updated: Sep 27th 2025
Section-206 provides for provisions relating to taxation on book profits and deals with minimum alternate tax and alternate minimum tax. Learn to understand the section-206 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
Amounts (to be added) | Amounts (to be reduced) |
---|---|
A | B |
Amounts credited to the statement of profit and loss as referred in clause (e)(i). | Amounts debited to the statement of profit and loss as referred in clause (e)(i). |
The amounts or aggregate of the amounts debited to the statement of profit and loss on distribution as referred in clause (e)(ii). | The amounts or aggregate of the amounts credited to the statement of profit and loss on distribution as referred in clause (e)(ii). |
Amount being one-fifth of the transition amount in the year of convergence and each of the following four tax years. | Amount being one-fifth of the transition amount in the year of convergence and each of the following four tax years. |
The amount or the aggregate of the amounts referred to in clause (e)(iii), if such amount is not decreased. | The amount or the aggregate of the amounts referred to in clause (e)(iii), if such amount is not increased. |
The amount or the aggregate of the amounts referred to in clause (e)(iv), if such amount is not decreased. | The amount or the aggregate of the amounts referred to in clause (e)(iv), if such amount is not increased. |
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.