TMI BlogCBDT - 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)X X X X Extracts X X X X X X X X Extracts X X X X ..... namely:- 1. (1) These rules may be called the Income-tax (9th Amendment) Rules, 2011. (2) They shall come into force on the 1st day of April, 2012. 2. In the Income-tax Rules, 1962, (hereafter referred to as the said rules ), after rule 40B, the following rule shall be inserted, namely:- Special provisions for payment of tax by certain limited liability partnerships 40BA. The report of an accountant which is required to be furnished by the assessee under sub-section (3) of section 115JC, shall be in Form No.29C. 3. In Appendix-II of the said rules, after Form No.29B , the following form shall be inserted, namely:- FORM NO. 29C [ See rule 40BA] Report under section 115JC of the Income- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e true and correct. Date. . . . . . . . . . . . . . . . . . . . Signed Accountant Notes: 1. *Delete whichever is not applicable. 2. This report is to be given by- ( i ) a Chartered Accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949); or ( ii ) any person, who in relation to any State, is by virtue of the provisions in sub-section (2) of section 226 of the Companies Act, 1956 (1 of 1956), entitled to be appointed to act as an auditor of companies registered in that State. 3. Where any of the matters stated in this report is answered in the negative or with a qualification, the report shall state the reasons therefor. ANNEXURE A [ See paragraph 2] Details rela ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The amount of deduction claimed under section 10AA 9. Adjusted total income of the assessee (5+7 + 8) 10. Alternate Minimum Tax (18.5% of adjusted total income computed in column 9 above) [Notification No. 60/2011/F. NO. 133/70/2011-SO(TPL)], RAJESH KUMAR BHOOT, Director (Tax Policy and Legislation) Note:- The Principal rules were published vide Notification No. S.O. 969(E), dated 26th March, 1962 and last amended vide Notification No. S.O. 2429(E),dated the 24th October ..... X X X X Extracts X X X X X X X X Extracts X X X X
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