Insertion of new Chapter XII-BA.

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..... 115JC. Special provisions for payment of tax by certain limited liability partnerships. (1) Notwithstanding anything contained in this Act, where the regular income-tax payable for a previous year by a limited liability partnership is less than the alternate minimum tax payable for such previous year, the adjusted total income shall be deemed to be the total income of the limited liability partn .....

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..... fore the due date of filing of return under subsection (1) of section 139. 115JD. Tax credit for alternate minimum tax. ( 1) The credit for tax paid by a limited liability partnership under section 115JC shall be allowed to it in accordance with the provisions of this section. (2) The tax credit of an assessment year to be allowed under sub-section (1) shall be the excess of alternate minimum .....

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..... gular income-tax or the alternate minimum tax is reduced or increased as a result of any order passed under this Act, the amount of tax credit allowed under this section shall also be varied accordingly. 115JE. Application of other provisions of this Act. Save as otherwise provided in this Chapter, all other provisions of this Act shall apply to a limited liability partnership referred to in t .....

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