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<h1>New Rule 40BA Introduces Tax Provisions for LLPs; Form 29C Required for AMT Reporting Under Section 115JC</h1> The Central Board of Direct Taxes (CBDT) has amended the Income-tax Rules, 1962, by introducing Rule 40BA and Form No. 29C through the Income-tax (9th Amendment) Rules, 2011. Effective from April 1, 2012, Rule 40BA pertains to special provisions for tax payment by limited liability partnerships (LLPs). Form No. 29C is required for reporting under Section 115JC of the Income-tax Act, 1961, to compute adjusted total income and alternate minimum tax for LLPs. The form must be certified by a qualified accountant and includes details such as total income, deductions, and tax computations.