Section – 143 - Processing of return within the prescribed time and
enable withholding of refund in certain cases -
Consequential amendment for levy
of fees as mentioned above is also proposed to be made in section 143(1) to
provide that in computation of amount payable or refund due on account of
processing of returns, the fee payable shall also be taken into account.
The amendment will take effect
from 1st April 2018 relevant to assessment year 2018-19.