FRN compulsory field for UDIN Generation from 12.00 am of 1st February 2022 except for member not carrying assignment on behalf of any firm
FRN compulsory field for UDIN Generation from 12.00 am of 1st February 2022. ICAI in its advisory dated 31.01.2022 stated that Firm Registration Number (FRN) will be a compulsory field for generating UDIN by CA firms from 12.00 am of 1st February 2022. The FRN will be displayed in the dropdown which will be fetched from the SSP database on real-time basis.
According to ICAI, if a member is not carrying out the assignment on behalf of any firm, then member can mention NA/Not Applicable/Individual Capacity in the place of FRN. The purpose of mandating the FRN is to enable the firms to consolidate the total UDINs generated by its partners on its behalf for its clients, prospectively.
Further, the head in charge of the firm, as per the SSP database, can view the list of UDINs generated by the partners on behalf of the firm prospectively. However, one firm cannot view the UDINs generated for another firm by a common partner.
Payment of imprest whether a transfer within the meaning of section 269ST – case remanded for determination In a recent…
CA Misconduct – Appellate order quashed as final judgment was not passed by same members who heard arguments. In a…
Deceased homemaker can not be considered as dependant for award of compensation under MV Act. Courts to award a composite…
CIT Revision notice u/s 263 quashed as the Assessing Officer rightly taken DVO value of property sold as actual sale…
Extension of timeline for implementation of mandatory "Ship To GSTIN" and Voluntary Closure of E-Way Bill functionalities GSTN Advisory dated…
No protective addition required in the hand of a third party when additions have been confirmed in the hands of…