Amendment of section 143.

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..... furnished for the assessment year commencing on or after the 1st day of April, 2018; ; (b) after sub-section (3), the following sub-sections shall be inserted, namely:- (3A) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of making assessment of total income or loss of the assessee under sub-section (3) so as to impart greater efficiency, .....

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..... March 2020. (3C) Every notification issued under sub-section (3A) and sub-section (3B) shall, as soon as may be after the notification is issued, be laid before each House of Parliament. . - Clause 44 of the Bill seeks to amend section 143 of the Income-tax Act relating to assessment. Clause ( a ) of sub-section ( 1 ) of the said section provides that at the time of processing of return .....

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..... to, inter alia , provide for a scheme, by notification in the Official Gazette, for the purpose of making assessment of total income or loss of the assessee under sub-section ( 3 ). These amendments will take effect from 1st April, 2018. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement .....

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