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February 2010

Introduction of the UTN, which tax payers need to quote along with PAN, shelved

By Raman Jokhakar
Tarunkumar G. Singhal
Chartered Accountants
Reading Time 1 mins
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Introduction of the UTN, which tax payers need to quote along with PAN, shelved


The government has decided to shelve the introduction of the
Unique Transaction Number (UTN) which tax payers need to quote along with
Permanent Account Number (PAN), when tax is deducted/collected at source. The
scheme was to come into force from the New Year.

(Source:
Internet & Media Reports, dated 31.12.2009)


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