Income Tax (No. 2) Bill, 2025 | MAT vs AMT Explained
In this video, we simplify the latest update from the Income Tax (No. 2) Bill, 2025 passed by the Lok Sabha. The amendment clearly separates Minimum Alternate Tax (MAT) from Alternate Minimum Tax (AMT) and introduces key relief for LLPs.

🔹 What you’ll learn:

Difference between MAT and AMT

Applicability of MAT (for companies)

Applicability of AMT (for non-corporates like LLPs, partnerships, HUFs, individuals)

New exemption for LLPs with only capital gains income

Current rates of MAT and AMT

exam-oriented MCQs with explanations

📌 Very useful for students preparing for RBI Grade B, SEBI Grade A, NABARD, IRDAI, IBPS AFO, and other regulatory body exams.
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