Dear All,
Introduction of Document Identification Number (DIN)
The taxpayers, as well as collectors, will have to mention a unique Document Identification Number (DIN) in their communication with the Income Tax department. The Document Identification Number (DIN) is similar to the existing Permanent Account Number (PAN) and Tax Deduction Account Number (TAN).
According to the Central Board of Direct Taxes (CBDT), the Document Identification Number/DIN will be compulsory for every notice, order, letter, or any tax-related communication, including the filing of returns for the financial year 2010-11. The Document Identification Number (DIN) will be generated by the I-T department and distributed to all assessees soon.
Interestingly, the Income Tax officials will also be allotted numbers to streamline the tax filing process. Thus, the taxpayers and the tax officials will have to mention the DIN on every communication. Any communication without a DIN will be considered as no communication.
Benefits and Implementation of DIN
DIN is expected to be useful for error-free filing of returns and claiming refunds by the taxpayers. A new Section 282B (in the Finance Act, 2010) was inserted for the allotment of DIN. The new section has come into effect from October 1, 2010.
Under the provisions of Section 282B of the Finance Act, 2010, every I-T official shall allot a computer-generated DIN for every notice, order, letter, or correspondence issued by him to any other income tax authority, assessees, or any other person, and such number shall be quoted thereon. It further states, “the document, which does not bear DIN shall be treated as invalid and be deemed never to have been issued. The same applies to the documents received by an I-T authority, or on behalf of such authority.”
It is certainly a welcome move by the tax department as DIN aims at bringing more transparency in tax administration, but it will pose a great challenge for the tax administrators as it involves a number of documents.
Regards,
Jagdish Pathak
From India, Gurgaon
Acknowledge(0)
Amend(0)
49Introduction of Document Identification Number (DIN)
The taxpayers, as well as collectors, will have to mention a unique Document Identification Number (DIN) in their communication with the Income Tax department. The Document Identification Number (DIN) is similar to the existing Permanent Account Number (PAN) and Tax Deduction Account Number (TAN).
According to the Central Board of Direct Taxes (CBDT), the Document Identification Number/DIN will be compulsory for every notice, order, letter, or any tax-related communication, including the filing of returns for the financial year 2010-11. The Document Identification Number (DIN) will be generated by the I-T department and distributed to all assessees soon.
Interestingly, the Income Tax officials will also be allotted numbers to streamline the tax filing process. Thus, the taxpayers and the tax officials will have to mention the DIN on every communication. Any communication without a DIN will be considered as no communication.
Benefits and Implementation of DIN
DIN is expected to be useful for error-free filing of returns and claiming refunds by the taxpayers. A new Section 282B (in the Finance Act, 2010) was inserted for the allotment of DIN. The new section has come into effect from October 1, 2010.
Under the provisions of Section 282B of the Finance Act, 2010, every I-T official shall allot a computer-generated DIN for every notice, order, letter, or correspondence issued by him to any other income tax authority, assessees, or any other person, and such number shall be quoted thereon. It further states, “the document, which does not bear DIN shall be treated as invalid and be deemed never to have been issued. The same applies to the documents received by an I-T authority, or on behalf of such authority.”
It is certainly a welcome move by the tax department as DIN aims at bringing more transparency in tax administration, but it will pose a great challenge for the tax administrators as it involves a number of documents.
Regards,
Jagdish Pathak
From India, Gurgaon
Acknowledge(0)Amend(0)
Dear Jagdish Pathak,
Thank you for bringing this to the attention of CiteHR members. However, it is important to clarify that DIN is distinct from PAN or TAN, which are permanent numbers used to identify an assessee. DIN is simply a unique number assigned to identify a document, such as a circular or order from the IT Department, or automatically generated when a tax return is filed.
Understanding DIN
The fundamental concept behind DIN is to computerize every document in the database, enabling easy document retrieval from any location by simply referencing the DIN. This system facilitates seamless and accurate linking of multiple documents by referencing the DIN.
Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)
Thank you for bringing this to the attention of CiteHR members. However, it is important to clarify that DIN is distinct from PAN or TAN, which are permanent numbers used to identify an assessee. DIN is simply a unique number assigned to identify a document, such as a circular or order from the IT Department, or automatically generated when a tax return is filed.
Understanding DIN
The fundamental concept behind DIN is to computerize every document in the database, enabling easy document retrieval from any location by simply referencing the DIN. This system facilitates seamless and accurate linking of multiple documents by referencing the DIN.
Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Process flow for Updation of Aadhar Number.pdf
Tr. need identification process-veer group.doc