TDS ASSESSEES MUST QUOTE UNIQUE TRANSACTION NUMBER (UTN) IN I-T RETURNS

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Assessees whose tax is deducted at source will have to wait for some time this year before filing returns as they will be required to quote a new number in the form. The new Unique Transaction Number (UTN) has been made mandatory because there are some lacunae like individuals having more than one permanent account number (PAN), sources said. The income-tax department has asked individual assessees whose tax is deducted or collected at source to quote the UTN. The UTN will be given by depository NSDL to those whose tax is deducted or collected at source and individual assessees could get the numbers from deductors.

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