Tax provision amendment replaces limited liability partnership reference with person, widening applicability of total income tax. Amendment to section 115JF of the Income tax Act omits clause (c) and substitutes in clause (d) the words 'a limited liability partnership on its total income' with 'a person on his total income', thereby changing the taxpayer reference in the provision.
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Tax provision amendment replaces limited liability partnership reference with person, widening applicability of total income tax.
Amendment to section 115JF of the Income tax Act omits clause (c) and substitutes in clause (d) the words "a limited liability partnership on its total income" with "a person on his total income", thereby changing the taxpayer reference in the provision.
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