https://www.taxtmi.com/article/detailed?id=1538 Chapter XII-BA imposes Alternate Minimum Tax on LLPs, prescribing the method to compute the income base for AMT and providing an AMT credit against future normal tax within a fixed eligible period. Income Tax Rules amendments require LLPs to file a prescribed auditor report and certification for AMT computation, specifying Rule 40BA and Form No. 29C and thereby creating additional compliance and documentation obligations. en-us Fri, 16 Dec 2011 06:54:58 +0530 Fri, 16 Dec 2011 06:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1538 Chapter XII-BA imposes Alternate Minimum Tax on LLPs, prescribing the method to compute the income base for AMT and providing an AMT credit against future normal tax within a fixed eligible period. Income Tax Rules amendments require LLPs to file a prescribed auditor report and certification for AMT computation, specifying Rule 40BA and Form No. 29C and thereby creating additional compliance and documentation obligations. Articles Limited Liability Partnership - LLP Fri, 16 Dec 2011 06:54:58 +0530 https://www.taxtmi.com/article/detailed?id=1538