After PAN, TAN, here comes DIN
PRESS TRUST OF INDIA
New Delhi, Mar 24: The government will this fiscal introduce a unique document identification number (DIN) to be quoted on "every" income tax related communication.
Taxpayers and tax deductors currently have to quote Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for filing returns with the Income Tax department department.
The department will soon put in place a tech-based mechanism to generate 'DIN', which will be allotted to taxpayers from October and will become essential while filing the annual income tax return for the financial year (2010-11).
DIN will be mandatory "in respect of every notice, order, letter or any correspondence" with the department, according to an official of the Central Board of Direct Taxes
"The number will be generated by the department and will be useful essentially for error-free filing of tax returns, claiming refunds and other communication with the department by the assesses," a senior Finance Ministry official said.
Officials say tax payers won’t face trouble, as the numbers will be generated and allotted by the department itself. Once allotted, the tax payer will have to quote it thereon. I-T officials will also be allotted the numbers as the effort is to streamline the process, the official said.
According to section 282B of the Income Tax Act, "in respect of every notice, order, letter or any correspondence issued by him (I-T authority) to any other income tax authority or assessee or any other person and such number shall be quoted thereon. "It is further provided that where the notice, order, letter or any correspondence issued by any income-tax authority does not bear a Document Identification Number, such notice, order, letter or any correspondence shall be treated as invalid and shall be deemed never to have been issued."
DIN is aimed at bringing more transparency in tax administration as the whole exercise involves a number of documents and proformas. Apart from the regular filing of taxes, a taxpayer deals with the department for various other financial services which DIN will help streamline, the official said.
According to the I-T department, "it is also provided that every document, letter or any correspondence, received by an income-tax authority or on behalf of such authority, shall be accepted only after allotting and quoting of a computer generated Document Identification Number.
Further, it is provided where the document, letter or any correspondence received by any income-tax authority or on behalf of such authority does not bear Document Identification Number, such document, letter or any correspondence shall be treated as invalid and shall be deemed never to have been received."
Lastupdate on : Wed, 24 Mar 2010 21:30:00 Makkah time
Lastupdate on : Wed, 24 Mar 2010 18:30:00 GMT
Lastupdate on : Thu, 25 Mar 2010 00:00:00 IST
- MORE FROM GK BUSINESS
- Wheat prices shoot up
- Valley gets first boutique hotel
- Make good quality seeds available to farmers: V-C SKUAST
- After PAN, TAN, here comes DIN
- RBI appreciates JK Bank for reaching out to all
- Govt agrees to up EDLI scheme benefit
- Awareness camps for artisans held
- CII helps quake-hit get skill training
- Farmers training camp at Malroo
- LoC trade points to have truck scanners
- Workshop on SHG-Bank linkage prog
- Interest rates set to rise
- Kashmir
Court records statement of prime witness
Papa Kishtwari Case
SAMAAN LATEEF
Srinagar, Mar 24: The Court of Principal and Districts Sessions Judge has completed the cross-examination of one of the witnesses in the killing of a contractor, Ali Muhammad Mir, allegedly by a government More
- Srinagar City
CRPF takes over HMT premises ‘temporarily’
Industrialists irked; say it's militarization of industrial area
GK CITY CORRESPONDENT
Srinagar, Mar 24: The paramilitary CRPF has started camping at the HMT watch factory premises spanning over some 2000 kanals at Zainakote on the City outskirts. This has drawn flak from the industrialists More
- Jammu
Lt Gen Jasbir Singh assumes charge as COS Northern Command
PRESS TRUST OF INDIA
Jammu, Mar 24: Lt Gen Jasbir Singh assumed the charge of the Chief of Staff (COS) of the Northern Command Headquarters at Udhampur today. Lt Gen Singh replaced Lt Gen B K Chengapa, who proceeds to More
- South Asia
Employee has fundamental right to be considered for promotion: SC
PRESS TRUST OF INDIA
New Delhi, Mar 24: The Supreme Court has ruled that a Government employee has a fundamental right to be considered for promotion and it is mandatory for the Centre and States to carry out cadre review More
- GK Business
Wheat prices shoot up
Experts attribute rise to imminent expiry of 2 market intervention schemes
RABIA NOOR
Srinagar, Mar 24: With two major market intervention schemes the centre had launched sometime back to bring about stability in the wheat market expiring on March 31, prices of the commodity have begun More


