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Business · effective 1 April 2026

Section 115JB under the
Income-tax Act, 2025

Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT)

Income-tax Act, 1961
115JB
Income-tax Act, 2025
206
LikelyReported in the research, but only as a note attached to another row or by a secondary commentary. Treat it as a strong lead and verify the destination section before citing it.

Topic

Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT)Business provisions under the Income-tax Act, 2025 (Act 30 of 2025).

What carried over

The substance of this provision was not changed by the re-write. What moved is the citation.

The whole MAT/AMT block — old 115JAA (MAT credit), 115JB (MAT) and 115JC to 115JF (AMT) — is reported to collapse into the single s.206. Read s.206 in full before relying on any sub-section reference, because the reverse mapping from five old sections into one new one is lossy. s.206 is also cross-referenced by the under-reporting penalty at s.439(2) for deemed total income.

Source

Stated in the notes to the confirmed s.201 (old 115BAB) concordance row: 'MAT/AMT (old 115JAA, 115JB, 115JC-115JF) all collapse into a single section, s.206.' Sourced to the ICAI publication, but not carried as its own verified concordance row in this research, and s.206 was not read in full.

Open the source document →

CBDT publishes its own correspondence utility on incometaxindia.gov.in and that is the authority. Spot-check anything high-stakes there before you rely on it.

Still cite section 115JB for
Income earned up to 31 March 2026 — that is FY 2025-26, Assessment Year 2026-27, governed by the Income-tax Act, 1961 even though you file it during 2026.
Cite 206 for
Income earned from 1 April 2026 — Tax Year 2026-27 onwards, governed by the Income-tax Act, 2025. Tax deducted on payments made on or after 1 April 2026 must be reported under the new section 393 table references and new challan/return codes. Quoting a legacy section such as 194C or 194J triggers validation failure.
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271 · Penalty for concealment of income / furnishing inaccurate particulars
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271B · Penalty for failure to get accounts audited (tax audit failure)
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This is a navigational aid for the 1961 → 2025 transition, not tax advice. It helps you find the right place in the new Act when you already know the old section. Confirm every citation against the bare Act and against CBDT's own correspondence utility before relying on it in a return, certificate, notice reply or opinion. The source text used here is the Act as passed, so any rate or threshold amended by the Finance Act, 2026 is not reflected; section numbers are unaffected.

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