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TDS/TCS reports - Unique Transaction Number

CA. Rajesh Bhat (S Req. Sepcialist) (40 Points)

08 April 2009

W.e.f 01-04-2009 the TDS/TCS reports has been changed vide Notification No. 31/2009 Dt. March 25, 2009.

There is a new column in every report and certificate called as Unique Transaction Number. Anybody has any idea as to what should be updated in this column?

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21 Replies

M.L.N.Sastry (Internal Audit-Executive) (36 Points)
Replied 08 April 2009

How will get unique transacation number(UTN) as per notification no :31/2009,dt:March 25,2009?

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Milan Somani (CA) (1456 Points)
Replied 14 April 2009

Unique Transaction Number.

on successful uploading of the challan , acknowledgment will be generated and against each entry of deductee detail one unique transaction number will be given and pan number of the deductee is also verified and a status of pan verified yes /no will be given so that in case of incorrect pan or not verified pan ,deductor have a time to correct them while filing the tds return.

This unique transaction number is also required to be mentioned in form 16/16a and quarterly return 24Q,26Q etc.

K R Ramesh (Service) (201 Points)
Replied 15 April 2009

Sorry I could not find the Unique Transaction Number, where exactly it can be found?

Milan Somani (CA) (1456 Points)
Replied 15 April 2009

Originally posted by :K R Ramesh
"	Sorry I could not find the Unique Transaction Number, where exactly it can be found?	"

I am not getting what u wanna say, but i want to remind u that these provisions are applicable for A.Y. 2010-11 i.e. TDS deducted on or after 1.4.2009

CA JAIMIN TRIVEDI (C.A.) (308 Points)
Replied 15 April 2009

As of today, there are no clear instructions from Income tax regarding UTN. We will have to wait for further clarification.

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K R Ramesh (Service) (201 Points)
Replied 15 April 2009

Does it mean that for the current year we need to issue form 16 & Form 16 A as per the old format? But the format has already been changed in the incometax site? What does it indicate?

Futher it is not specifically mentioned in the circular that it is starting from AY 2010-11 onwards, it just says "They shall come into force on the 1st day of April 2009, but didn't say financial year or assessment year but Income Tax is always driven by AY year, so guess it should be applicable from FY 2008-09, though I may be wrong.

Please suggest

Milan Somani (CA) (1456 Points)
Replied 15 April 2009

Originally posted by :K R Ramesh
"	Does it mean that for the current year we need to issue form 16 & Form 16 A as per the old format? But the format has already been changed in the incometax site? What does it indicate? Futher it is not specifically mentioned in the circular that it is starting from AY 2010-11 onwards, it just says "They shall come into force on the 1st day of April 2009, but didn't say financial year or assessment year but Income Tax is always driven by AY year, so guess it should be applicable from FY 2008-09, though I may be wrong. Please suggest	"

Although its not clearly mention, but we can interpret it as notification is applicable on TDS deducted on or after 01.04.2009.

K R Ramesh (Service) (201 Points)
Replied 16 April 2009

just to update on this that the notification clearly says

GAZETTED NEW INCOME-TAX RETURN FORMS FOR ASSESSMENT YEAR 2009-10

NOTIFICATION NO. S.O. 866(E) , DATED 27-3-2009

So it is from FY 2008-09

Milan Somani (CA) (1456 Points)
Replied 16 April 2009

Ministry of Finance

Notification on TDS and TCS

The Board has amended the rules relating to Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) vide Notification No. S.O.858 (E) dated 25th March 2009.

In this context, taxpayers are informed that the new Form 17 (the challan for payment of TDS and TCS) is applicable only for payment of tax deducted or collected at source on or after 1st April 2009. Therefore, in respect of any TDS or TCS made before the 1st April, 2009, the payment will continue to be made to the
credit of the Central Government by using the challan in Form No. 281 (i.e. the old challan form) even after 31st March 2009.

CA JAIMIN TRIVEDI (C.A.) (308 Points)
Replied 16 April 2009

Yes it is clear that the new form 17 has to be used only for amounts deducted from 1.4.2009. but still there may be persons willing to pay tds for the current F.Y.09-10. As of today, he is helpless and will ahve to wait for some further clarification.

Can anybody tell me how to make payment for the current year TDS, if someone is ready to pay it?

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Indudhar (Tax Advocate) (427 Points)
Replied 16 April 2009

Originally posted by :CA JAIMIN TRIVEDI
"	Yes it is clear that the new form 17 has to be used only for amounts deducted from 1.4.2009. but still there may be persons willing to pay tds for the current F.Y.09-10. As of today, he is helpless and will ahve to wait for some further clarification. Can anybody tell me how to make payment for the current year TDS, if someone is ready to pay it?	"

For payment for the current year TDS FY 2008-09 one should make e-payment in ITNS challan 281 as done during the previous year.

Milan Somani (CA) (1456 Points)
Replied 16 April 2009

Originally posted by :CA JAIMIN TRIVEDI
"	Yes it is clear that the new form 17 has to be used only for amounts deducted from 1.4.2009. but still there may be persons willing to pay tds for the current F.Y.09-10. As of today, he is helpless and will ahve to wait for some further clarification. Can anybody tell me how to make payment for the current year TDS, if someone is ready to pay it?	"

as e-payment is mandatory, so simply log in to tin-nsdl.com & pay there.

sonia (JOB) (23 Points)
Replied 22 April 2009

Hi Milan Somani

As you intimated that on successful uploading of the challan in Form-17, acknowledgment will be generated and against each entry of deductee detail one unique transaction number will be given and pan number of the deductee is also verified. Kindly apprise the authentic document in reference to your above procedure prescribed by you. You also intimated that at time of uploading Form-17 if any PAN is not verified then the same can be corrected at time of filling of TDS return that means in Form-17 we will furnished the incorrect PAN number please also clarify. Thanks in anticipation.

Milan Somani (CA) (1456 Points)
Replied 22 April 2009

Originally posted by :sonia
"	Hi Milan Somani As you intimated that on successful uploading of the challan in Form-17, acknowledgment will be generated and against each entry of deductee detail one unique transaction number will be given and pan number of the deductee is also verified. Kindly apprise the authentic document in reference to your above procedure prescribed by you. You also intimated that at time of uploading Form-17 if any PAN is not verified then the same can be corrected at time of filling of TDS return that means in Form-17 we will furnished the incorrect PAN number please also clarify. Thanks in anticipation.	"