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January 2012

Insertion of Rule 40BA and Form No. 29C — Notification No. 60/2011 [F. No. 133/70/2011- SO(TPL), dated 1-12-2011.

By Pinky Shah, Sonalee Godbole
Chartered Accountants
Reading Time 1 mins
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CBDT has made following amendments vide Incometax (Ninth Amendment)

Rules, 2011 with effect from 1st December, 2011 Rule 40BA inserted to provide for special provisions for payment of tax by Limited Liability Partnership (LLP)

LLP shall furnish the report of an accountant as required by section 115JC for the purpose of computation of adjusted total income and minimum alternate tax in Form No. 29C.

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