12 December 2010
Document Identification Number (DIN)
The Central Board of Direct Taxes (CBDT) has stipulated recently that Document Identification Number or DIN will be essential with respect to any document or communiqué connected to taxes may it be a order, notice or letter. A new Section 282B was inserted for the allocation of DIN in .the Finance Act, 2010 it has in effect from October 1, 2010. The unique computer generated Document Identification Number (DIN) will be circulated to tax assesses shortly by the I-T department which will have to be mentioned both by the taxpayers as well as collectors when communicating with the income tax department. DIN is a further prerequisite to Permanent Account Number (PAN) and Tax Deduction Account number (TAN) for filing taxes. These numbers will also be allotted to income tax officials to simplify the tax filing procedure. Thus, the taxpayers and the tax officials will have to quote the DIN on every communication otherwise no correspondence will be considered official and valid whether received or sent by any party. The positive aspect of DIN is that it will make the exercise of tax filing and claiming refunds more efficient and transparent therefore enhance accountability in the process from the point of view of both tax assesses and tax administration. This will be relevant to the filing of returns for the financial year 2010-11 as well.
12 December 2010
No need to give applications by the assessee's. Instead the department will generate the DIN and will be informed to the respective assesseee's.This will be through a new section 282B under Income Tax Act,1961.