NEW! The Gist (JULY-24) | E-BOOKS
(The Gist of PIB) CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN [AUGUST-2019]
(The Gist of PIB) CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN [AUGUST-2019]
CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN
- Every communication to be issued by the Income-Tax Department on or after the 1st of October, 2019 will now have a Document Identification Number (DIN).
- This intends to insure proper audit trail of such communication.
About:
- DIN is a unique Director identification number allotted by the Central Government to any person intending to be a Director or an existing director of a company
Features:
- It is an 8-digit unique identification number which has a lifetime validity. Through DIN, details of the directors are maintained in a database.
- DIN is specific to a person, which means even if he is a director in 2 or more companies, he has to obtain only 1 DIN. And if he leaves a company and joins some other, the same DIN would work in the other company as well.
Where is DIN used?
- Whenever a return, an application or any information related to a company will be submitted under any law, the director signing such return, application or information will mention his DIN underneath his signature.
How to apply for DIN and relevant forms?
- SPICe Form: Application for allotment of DINs to the proposed first Directors in respect of New companies shall be made in SPICe form only.
- DIR-3 Form: Any person intending to become a director in an already existing company shall have to make an application in eForm DIR-3 for allotment of DIN.
Study Material for UPSC General Studies Pre Cum Mains
This is Only Sample Material, To Get Full Materials Buy The Gist 1 Year Subscription - "Only PDF" Click Here
Click Here to Download More Free Sample Material
<<Go Back To Main Page
Courtesy: PIB