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

Unit Transaction Number must be auto-generated for online TDS challans and quoted on TDS certificates to secure credit. Unit Transaction Number (UTN) for TDS challans is automatically generated when the challan is uploaded online; no separate UTN procurement is required. NSDL uploads and transmits UTNs to deductors, who must quote the UTN in TDS certificates. If certificates were issued before receipt of UTN, the UTN must be sent to the deductee when filing returns and an annexure with TDS details including the UTN must be furnished to secure TDS credit. UTNs are thereafter generated and sent periodically by NSDL and must be included in TDS certificates.