We would like to bring to your kind notice that, Income Tax Return Forms are notified for Assessment Year 2009-10. Department is expected to publish the notification and forms in their website shortly.There is an addition of field in TDS schedule for all the forms, where it asks UTN for every record. No other major changes found in the form till now.
Surprisingly, the Unique Transaction Number [UTN] is expected for deductions on or after April 1, 2009. But Providing in last year return is still a question. In respect of UTN, the forms says:
In order to enable the Income Tax Department to provide accurate, quicker and full credit for taxes deducted at source, the taxpayer must ensure to quote the Unique Transaction Number (UTN) in respect of every TDS transaction. In general the UTN would be printed on the TDS certificate issued by the deductor. However, in case it is not available on the certificate, the taxpayer should separately obtain the UTN either from the deductor or from the website of National Securities Depository Limited (NSDL) at http://www.tin-nsdl.com.
Income Tax Department is yet to give the more information on this.
