UTN IMPLEMENTATION DEFERRED

The Central Board of Direct Taxes (CBDT), the apex body administering direct taxes, put on hold the new form and conditions to improve tax deduction at source filing system. The new rules which had been brought out without any notice had drawn criticism from the taxpayers as it allegedly made the process further cumbersome. This was particularly as even tax department’s own software was allegedly found lacking in supporting the new form and conditions. Thus, taxpayers filling their income tax return for assessment year 2009-10, or any other earlier assessment year, may continue to file their returns without mentioning the unique transaction number (UTN) as required under these rules.