CBDT - The following rules further to amend the Income-tax Rules, 1962, Insertion of rule 40BA and Form No. 29C (Income-tax (9th Amendment) Rules, 2011) - 60/2011 - Income Tax
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Alternate minimum tax compliance: certified accountant report in prescribed form required for LLPs to compute adjusted total income and AMT. Rule 40BA and Form No.29C require a certified accountant's report from eligible auditors for limited liability partnerships to compute adjusted total income and alternate minimum tax; the report must certify computations in accordance with the Income tax Act chapter, rely on details in Annexure A, and declare the particulars true and correct, with Annexure A listing assessee identification, pre adjustment total income, applicable deductions, adjusted total income and the alternate minimum tax computation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Alternate minimum tax compliance: certified accountant report in prescribed form required for LLPs to compute adjusted total income and AMT.
Rule 40BA and Form No.29C require a certified accountant's report from eligible auditors for limited liability partnerships to compute adjusted total income and alternate minimum tax; the report must certify computations in accordance with the Income tax Act chapter, rely on details in Annexure A, and declare the particulars true and correct, with Annexure A listing assessee identification, pre adjustment total income, applicable deductions, adjusted total income and the alternate minimum tax computation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.