quote Unique Transaction Number (UTN) in the Income-tax return forms to
be filed by all the assessees to whom such number has been allocated by
the Income-tax Department. Since the UTN has not been communicated to
the taxpayers, therefore, the requirement of quoting UTN in Income-tax
return form for assessment year 2009-10 has been kept in abeyance.
Unique Transaction Number would be allotted against each transaction in
which tax has been deducted or collected at source. It is proposed to
make it compulsory to quote this Number in the Income-tax return forms
so as to ensure prompt verification and granting of tax credits to the
tax payers. This system of allotting Unique Transaction Number is
expected to become operational by 1st January, 2010. This information
was given by Minister of State for Finance, Shri S.S. Palanimanickam in
written reply to a question raised in Lok Sabha today.
BSC/BY/GN-276/09