Secs.115JC, 115JD,115JE: The title of chapter XII-BA has been changed to Special provisions relating to Persons other than Company‟ from Special provisions relating to certain LLPs‟ Presently AMT provisions apply where the regular income-tax payable for a previous year by a LLP is less than 18.5% of adjusted profits for such previous year, the adjusted total income shall be deemed to be the total income of the LLP and it shall be liable to pay income-tax on such total income at the rate of 18.5%.

Currently these provisions apply only to Limited Liability Partnerships. Now with a proposed amendment, w.e.f from 1st April 2013, the scope of AMT will be extended and these provisions shall apply to all persons other than Companies (for e.g partnership firms, LLPs, AOP, individuals, HUFs, trusts etc.).

Sec.115JEE: The Sec. provides that Chapter XII-BA (Special provisions relating to Persons other than Company) shall apply to only persons who have claimed deduction under chapter VI-A (other than u/s 80P) or Sec. 10AA(SEZ).

Furthermore, the Sec. provides that provisions of the said chapter shall not apply to an individual or a HUF or AOP or body of individuals, whether incorporated or not, or an artificial judicial person, if the adjusted total income of such persons does not exceed twenty lakh rupees. However, the provisions still apply to LLPs with income less than 20 Lakhs.

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