UTN not needed for now

As per the CBDT, stated here and in the major newspapers today, the requirement to quote the UTN for all IT filings is lifted. Assessees can now file retrurns and claim refunds (if applicable) with the need to quote UTN.

Online Tax Filing - Mailing cumpulsory

As per item#10 in CBDT Circular No. 03 / 2009 dated May 21, 2009, ITR-V (for thoe not using a DSC) should henceforth be signed and mailed (preferably in unfolded A4 envelope for bar code safety) to:
Income Tax Department – CPC,
Post Box No - 1,
Electronic City Post Office,
Bangalore - 560100,
Karnataka
and that no other office would receive the ITR-V and in no other manner.

On receipt, the Dept. will send a confirmation e-mail.

In effect, if filing through an Agent / Agency, ensure that they are aware of this. If filing personally, ensure that you submit as stated.

Tax changes unlikely

Rumours and / or apprehensions of any increase in direct taxes to stem Infrastructure growth seem unnecessary according to this article in the Times of India.

Union Budget on July 6

As per this artcile by NDTV, our Union Budget is scheduled for a July 6 presentation