TDS
This query is : Resolved
18 April 2009
What is T.D.S. UNIQUE TRANASACTION NUMBER (UTN)
18 April 2009
till date, manual challans were filed and manual challan no. were entered by bank official.
But as of now, UTN will be automatically generated by the system while filing the challan online in the banks.
THis UTN no. will be entered in TDS return and on the Form 16 & 16A.
The individual whos tds has been deducted will claim the tds by entrying this UTN so allotted to him in Form 16 & 16A.
THe department will match this UTN and give him the tax credit.
UTN will surely reduce importance of PAN in tax system.
Because if one has not mentioned PAN no. than also he will get credit on the basis of the UTN.
But as of now, UTN will be automatically generated by the system while filing the challan online in the banks.
THis UTN no. will be entered in TDS return and on the Form 16 & 16A.
The individual whos tds has been deducted will claim the tds by entrying this UTN so allotted to him in Form 16 & 16A.
THe department will match this UTN and give him the tax credit.
UTN will surely reduce importance of PAN in tax system.
Because if one has not mentioned PAN no. than also he will get credit on the basis of the UTN.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- REGARDING GST LIABILITY/....
- GST ON DAMAGED GOODS
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
