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of <h1>Finance Bill 2012 amends Section 156 of Income-tax Act to expand notice of demand for assessees and deductors.</h1> Clause 68 of the Finance Bill, 2012 proposes an amendment to section 156 of the Income-tax Act, effective from July 1, 2012. The amendment revises the proviso to specify that when any sum is determined as payable by the assessee or the deductor under sub-section (1) of section 143 or sub-section (1) of section 200A, the intimation under these sub-sections will be considered as a notice of demand. This change expands the scope to include sums payable by both the assessee and the deductor, aligning the notice of demand provisions accordingly.
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