Regulatory Referencer

I. DIRECT TAX : SPOTLIGHT 1. Referencing by Document Identification Number – Reg - Circular No. 4/2026 dated 31 March 2026 Section 292B and 292BA of Income-tax Act, 1961 and Section 522 of the Income-tax Act 2025, provide that any document issued by Income tax Authority shall be referenced by the computer generated Document Identification number (DIN). The circular provides as under: a) DIN may be mentioned within the communication itself, attached separately, or included in electronic correspondence such as emails. b) There is no requirement for the same to be printed on every page, provided the communication is clearly referenced. The Circular further provides that in certain circumstances, the document may not be referenced by DIN in specific situations and all such communications shall require post-facto approval, within a period of 15 days of the date of issue of such communication. 2. Procedure, formats and standards for generation and allotment of Unique Identification Number (UIN) in respect of Form No. 121 and quarterly furnishing of Part B thereof by the payer - Notification No. 01/CPC(TDS) /2026 dated 28 March 2026. Section 393(6) of the Income-tax Act, 2025 provides for no deduction of tax in certain cases wherein declaration in Part A of Form No. 121 is furnished by the payee to the payer as per Rule 211 of the Income-tax Rules, 2026. The payer shall allot a 26-character UIN to each declaration (Part A of Form No. 121) r