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UTN for TDS filed

Shaziya (Accountant) (34 Points)

16 June 2009

Hi,

Kindly let me know how to get the UTN (unique transaction number) for TDS return filed for AY 2009-10.

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(a) National Securities Depository Limited (NSDL) shall assign an UTN for every TDS and TCS transaction record in Financial Year 2007-08 and 2008-09 reported in the quarterly returns received by it.

(b) NSDL will create a facility to e-mail the UTN file to the deductor if the e-mail address of the deductor is available with them. In addition, they will also create a facility for the deductor to download the UTN file.

(c) Upon receipt of the UTN, the deductor will inform the UTN to the deductee. In cases where the UTNs are available to the deductor before the issue of the TDS/TCS certificate to the deductee, the deductor will indicate the UTNs on the certificate. However, if the UTNs are not available to the deductor before the issue of TDS/TCS certificate, the deductor shall, subsequently, send a consolidated statement of all TDS/TCS transactions indicating the UTNs.

(d) NSDL will also create a facility to allow independent viewing of the UTNs by the deductee. As a result, even if the UTNs are not received by the deductee from the deductor, they can be directly obtained from the NSDL database and quoted while making claims of TDS and TCS in the return of income.

But there are practical difficulties in this. In short, the timely return filing process for A.Y. 2009-10 is likely to be gravely endangered on account of the proposed retrospective operation of issue of UTNs for TDS/TCS credit claims.

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Shaziya (Accountant) (34 Points)
Replied 16 June 2009

Originally posted by :Md.Mosharraf Ali Raza

Thanks for the update... But i suppose the last date for issue of Form 16 & 16A(new form) is 30th June. Can you suggest me how can i go ahead...

Ajay Chaudhary (CA) (63 Points)
Replied 16 June 2009

NSDL will email the UTN file (may be an Excel file) to the deductor containng UTN for all the deductions made during FY 2008-09 (AY 2009-10), if the email address is available with them. In addition, they will also create the facility for the deductor to download the UTN file. Upon receipt of the UTN deductor will inform the UTN to the deductee. Now when they will provide these facilities, don't know, we will have wait.

Alternatively, They are also creating the facility for independent viewing of the UTN's by the deductee. Therefore even if the deductee has not received UTN from the deductee, he will be able to get it directly from the NSDL database. But when, don't know

Ajay Chaudhary (CA) (63 Points)
Replied 16 June 2009

As per the circulor, Issue 16 & 16 A without indicating UTN. Subsequently upon receipt of the UTN send a consolidated statement of all TDS transactions indicating UTNs.