Tuesday, Apr 23 2024 | Time 18:08 Hrs(IST)
image
Business Economy


DIN system of CBDT launched

New Delhi, Oct 1 (UNI) The Documentation Identification Number (DIN) system of Central Board of Direct Taxes (CBDT) has come into existence from Tuesday with the generation of about 17,500 communications with DIN on the very first day.
This path breaking DIN system has been created as per the direction of Finance Minister Nirmala Sitharaman and from now onwards every CBDT communication will have to have a documentation identification number.
Revenue Secretary Dr Ajay Bhushan Pandey said, ''From today, any communication from Income Tax Department without a computer generated DIN, be it a notice, letter, order and summon or any other correspondence, would be treated as invalid and shall be non est in law or deemed to be as if it has never been issued. The DIN system would ensure greater accountability and transparency in tax administration.''
''Now from today onwards, all such communications with DIN would be verifiable on the e-filing portal and no communication would be issued manually without DIN except only if it is in the specified exceptional circumstances,'' said Dr Pandey.
While specifying such exceptional circumstances the CBDT Circular related to DIN dated August 14, 2019 says that whenever any such manual communication would be issued, it would be necessarily required to specify reason of issuing such a communication without DIN along with the date of obtaining written approval of the Chief Commissioner/Director General of Income Tax in a particular format.
Any communication which is not in conformity of with the prescribed guidelines shall be treated as invalid and non est in law.
CBDT has specified that any communication issued manually under exceptional circumstances would have to be uploaded and regularised on the system portal within 15 days of its issuance.
CBDT has also stated that all pending assessment proceedings, where notices were earlier issued manually, prior to the DIN related Circular dated August 14 coming into existence, all such cases would be identified and notices so sent would be uploaded on ITBA by October 31, 2019.
This is in pursuance of the directions by Prime Minister Narendra Modi in which he has asked the Department of Revenue to come up with specific measures to ensure that the honest taxpayers are not harassed and served better, according to government statement here.
UNI RSA SHK1920
More News

Sensex up 89 83 pts

23 Apr 2024 | 4:29 PM

Mumbai, April 23 (UNI) The BSE Sensex remained positive for the third straight session on Tuesday, rising 89.83 pts to close at 73,738 on the strength of Telecommunications, Realty and Technology stocks amid positiveAsian Market.

see more..

Construction cost in India likely to rise by 6 pc in 2024: JLL

23 Apr 2024 | 12:33 PM

Hyderabad, April 23 (UNI) The overall construction cost in the country is expected to increase by an average 6 per cent across various sectors in the Financial Year (FY) 2024, according to a latest construction cost guidebook release recently by JLL, a leading global commercial real estate and investment management company.

see more..
Rupee rises 3 paise against USD

Rupee rises 3 paise against USD

23 Apr 2024 | 11:35 AM

Mumbai, Apr 23 (UNI) The rupee continued to rise on Tuesday too, as it advanced 3 paise to 83.34 in the opening session on the selling of US dollars by bankers and exporters, dealers at the Foreign Exchange said.

see more..
Sensex up 400 points

Sensex up 400 points

23 Apr 2024 | 11:35 AM

Mumbai, Apr 23 (UNI) Extending the rally for the third consecutive day, the BSE Sensex on Tuesday spurted 400 points to open at 74,048.94 as buying was seen across the board.

see more..
Air India and All Nippon Airways to begin codeshare partnership for travel between India and Japan

Air India and All Nippon Airways to begin codeshare partnership for travel between India and Japan

23 Apr 2024 | 11:19 AM

GURUGRAM, Apr 23 (UNI) Air India, India’s leading global airline, and All Nippon Airways, the largest Japanese carrier, have signed a codeshare agreement connecting their networks.

see more..
image