Income Tax Act, 2025
Section 9: Ins. by Act 7 of 2017, s. 48 (w.e.f. 12018).
9. Ins. by Act 7 of 2017, s. 48 (w.e.f. 12018).
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(4) The amount of tax credit determined under sub-section (2) shall be carried forward and set off in
accordance with the provisions of sub-sections (5) and (6) but such carry forward shall not be allowed
beyond the 1[fifteenth assessment year] immediately succeeding the assessment year for which tax credit
becomes allowable under sub-section (1).
(5) In any assessment year in which the regular income-tax exceeds the alternate minimum tax, the
tax credit shall be allowed to be set off to the extent of the excess of regular income-tax over the alternate
minimum tax and the balance of the tax credit, if any, shall be carried forward.
(6) If the amount of regular income-tax or the alternate minimum tax is reduced or increased as a
result of any order passed under this Act, the amount of tax credit allowed under this section shall also be
varied accordingly.
115JE. Application of other provisions of this Act.—Save as otherwise provided in this Chapter,
all other provisions of this Act shall apply to a 2[person] referred to in this Chapter.
3[115JEE. Application of this Chapter to certain persons.—(1) The provisions of this Chapter
shall apply to a person who has claimed any deduction under—
(a) any section (other than section 80P) included in Chapter VI-A under the heading ”C.—
Deductions in respect of certain incomes”; or
4[(b) section 10AA; or
(c) section 35AD.]
(2) The provisions of this Chapter shall not apply to an individual or a Hindu undivided family or an
association of persons or a body of individuals, whether incorporated or not, or an artificial juridical
person referred to in sub-clause (vii) of clause (31) of section 2, if the adjusted total income of such
person does not exceed twenty lakh rupees.]
5[(3) Notwithstanding anything contained in sub-section (1) or sub-section (2), the credit for tax paid
under section 115JC shall be allowed in accordance with the provisions of section 115JD.]
The amount of tax credit determined under sub-section
shall be carried forward and set off in
accordance with the provisions of sub-sections
and
but such carry forward shall not be allowed
beyond the 1[fifteenth assessment year] immediately succeeding the assessment year for which tax credit
becomes allowable under sub-section
In any assessment year in which the regular income-tax exceeds the alternate minimum tax, the
tax credit shall be allowed to be set off to the extent of the excess of regular income-tax over the alternate
minimum tax and the balance of the tax credit, if any, shall be carried forward.
If the amount of regular income-tax or the alternate minimum tax is reduced or increased as a
result of any order passed under this Act, the amount of tax credit allowed under this section shall also be
varied accordingly.
115JE. Application of other provisions of this Act.—Save as otherwise provided in this Chapter,
all other provisions of this Act shall apply to a 2[person] referred to in this Chapter.
3[115JEE. Application of this Chapter to certain persons.—
The provisions of this Chapter
shall apply to a person who has claimed any deduction under—
any section (other than section 80P) included in Chapter VI-A under the heading ”C.—
Deductions in respect of certain incomes”; or
4[
section 10AA; or
section 35AD.]
The provisions of this Chapter shall not apply to an individual or a Hindu undivided family or an
association of persons or a body of individuals, whether incorporated or not, or an artificial juridical
person referred to in sub-clause
of clause
of section 2, if the adjusted total income of such
person does not exceed twenty lakh rupees.]
5[
Notwithstanding anything contained in sub-section
or sub-section