Procedure and formalities to obtain

[Adoni Raghavendra]

Please let me know the formalities to obtain the 'Unit Transaction Number' from the department of Income Tax Act, 1961.And also please let me know about the documentation work,from where to obtain the 'UTN' and from which financial Year it is Compulsarly mandatory.

[Guest]

If you are talking about UTN on TDS challan - there is no need to obtain separate UTN number. The same shall be automatically generated by the computer system after uploading the challan on the internet.

[madhavvan n]

For FY 08-09 the UTN will be uploaded and then nsdl will send it to deductors and this utn reference has to be quoted in the tds cert being issued , however if you have already issued tds certs for fy 08-09 then you have to send the utn to deductee while filing return no tds cert to be attached however annexure of tds details with utn has to be given without which the tds credit will not be given to the deductee. for FY 09-10 utn will be generated on quarterly basis by nsdl and sent which will have to be included in tds certificate

AI Summary

Understanding Unit Transaction Numbers (UTN) for TDS Certificates Under Income Tax Act, 1961: Procedures and Requirements A user inquired about the procedure to obtain a 'Unit Transaction Number' (UTN) under the Income Tax Act, 1961, including necessary documentation and the financial year from which it became mandatory. One response clarified that a separate UTN is not required for TDS challans, as it is automatically generated upon uploading the challan online. Another response explained that for the financial year 2008-09, UTNs are uploaded and sent to deductors, who must include them in TDS certificates. For FY 2009-10, UTNs are generated quarterly and must be included in the TDS certificate.