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of <h1>Amendment to Income-tax Act: Section 143 Updated for Tax Return Intimations and Refunds, Effective June 1, 1999.</h1> The Finance Act, 1999, amends section 143 of the Income-tax Act, effective June 1, 1999. The amendment replaces sub-section (1) to stipulate that when a tax return is filed under section 139 or in response to a notice under section 142(1), any due tax or interest will prompt an intimation to the taxpayer, considered as a notice of demand under section 156. Refunds due will also be communicated. The acknowledgment of a return is deemed an intimation if no tax or refund is applicable. No intimation is sent after two years from the relevant assessment year. Sub-sections (1A), (1B), (5), and the Explanation are omitted.
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