ICAI UDIN One-time Condonation Scheme from 1st January, 2021 to 31st January 2021. Delays in generation of UDINs during 1st February 2019 till 31st December 2020 condoned
Considering various representations, ICAI has granted One-time Condonation Scheme to regularize UDINs.
As a One-time condonation scheme, to regularize the non-generation of UDIN, now CAs will be allowed to generate the earlier missed UDINs for the documents signed between 1st February 2019 to 31st December, 2020. The scheme will be made available from 1st January, 2021 till 31st January, 2021.
Consequently, all delays in generation of UDINs for UDINs generated during 1st February 2019 till 31st December 2020 as a one-time measure stands condoned.
UDIN was introduced by the ICAI as mandatory Council Guidelines in phased manner from 1st Feb., 2019 onwards for Certificates, GST/Tax Audit & all other Attest, Assurance and Audit functions.
The UDIN Portal of ICAI facilitates the Regulators / Stakeholders to check the authenticity of the report/certificates / documents certified by chartered accountants on real-time basis.
CBDT has also made mandatory validation of UDIN in all their Income Tax Forms and Reports which are issued by the Chartered Accountants.
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…