(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.

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Courtesy: PIB