New TDS & TCS Notification Appicablilty

This query is : Resolved

Krishna Murthy (Querist)
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30 April 2009 Sir,
I have few queries with regard to the New TDS & TCS notification.

1.The said notification contains the term Unique Transaction Number(UTN). How does this number be obtained. Is it automatically generated when TDS is remitted online or is there any procedure for obtaining this number.

2. Regarding Form 17, is it a payment challan same as 281 under existing provisions or need to be filed seperately after remiting the TDS?

3.Is this notification applicable to the TDS deducted in the month of March 2009 but remitted in April 2009?

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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30 April 2009 1. UTN will be alloted to you at the time of online payment.

2. Yes, this is payment challan which will replace ITNS 281. Now you need to mention PAN number of every deductee while making payment.

3. Yes, as the payment will fall after 01.04.2009.