AMT in CPA REG
Alternate MINIMUM Tax is popularly known as AMT. It is a wonder to know that the tax payable is normal tax or Special rate of tax applied on a different base whichever is HIGHER. A layman might think how whichever is HIGHER could be MINIMUM tax!!. Here is the wonder bust. It is AMTfrom the Government's point of view and not from tax payer's view point.
