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of <h1>Finance Bill 2012 Amends Section 115JF: Changes to LLP Definition, Income Tax Terms Effective April 2013</h1> Clause 52 of the Finance Bill, 2012, amends section 115JF of the Income-tax Act, effective April 1, 2013. It omits clause (c), which defined 'limited liability partnership,' and modifies clause (d) by replacing 'a limited liability partnership on its total income' with 'a person on his total income.' These changes relate to Chapter XII-BA, which interprets terms like 'accountant,' 'alternate minimum tax,' and 'regular income-tax.' The amendments apply from the assessment year 2013-2014 onwards.
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