sobergal (bb) (77 Points)
30 June 2009Many of us have already submitted IT returns without mentioning UTN in forms. In fact most of the deductors issued form16/16-A without any UTN. Banks are in the same category.
According to circular, individual wont get IT refund if he has not mentioned various UTNs.
What should be done in such a case? Should we file fresh returns after obtaining all UTNs from respective deductors?
Do we have chance of getting refund if revised return not filed?
CA. Gurdeep Singh Chawla
(C A)
(7080 Points)
Replied 30 June 2009
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New Delhi dated 30th June 2009
PRESS RELEASE
The Central Board of Direct Taxes have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being.
Taxpayers filing their income tax returns for assessment year (AY) 2009-10, or any other earlier AY, may continue to file their returns without mentioning the Unique Transaction Number (UTN) as required under the said Notification. The filing of such returns shall be treated as valid and in compliance to the requirements under section 139 of the Income Tax Act, 1961.
Further, the date from which the Notification No. 31 / 2009 shall become applicable on tax deducted at source (TDS) or tax collected at source (TCS) and deposited during the current financial year shall be notified by the Central Board of Direct Taxes subsequently. All deductors / collectors of TDS / TCS may continue to deposit their TDS / TCS and file their quarterly TDS / TCS returns as per procedure existing prior to issuance of Notification No.31 / 2009 dated 25.3.2009.
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Vani Sreenath
(Employed)
(66 Points)
Replied 01 July 2009
No need to file the revised returns, CBDT has issued notification over this. They have postponed.......Taxpayers filing their income tax returns for assessment year (AY) 2009-10, or any other earlier AY, may continue to file their returns without mentioning the Unique Transaction Number (UTN) as required under the said Notification. The filing of such returns shall be treated as valid and in compliance to the requirements under section 139 of the Income Tax Act, 1961.
prasanna mohanty
(accounts exe.)
(25 Points)
Replied 03 July 2009
UTN is no longer required for Ay 09-10 and form 17 (new tds challan form and other rules relating to TDS returns etc remain in operative till further order. so now we can deposit TDS on Form No-281 and can file return of 1st quater on form 24Q/26Q/ etc as usual.
CAclubindia
