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 non-deduction of TDS by the deductor on a transaction does not change the character of the transaction to make…
ICAI has extended the last date to online submit Multipurpose Empanelment Form (MEF)- 2026-27 from 29th August 2026 to 9th…
Can a demand notice be issued u/s 156 for non-payment of Dividend tax u/s 115-O, when as per assessment order…
The issue already examined and adjudicated by the quasi-judicial authority, i.e., CIT(Appeals), cannot be reopened on the same set of…
One TDS is deducted, credit has to follow, failure of deductor to deposit the amount to the credit of the…
Merely because assessee did not explain purpose of cash withdrawal from bank, it can not be taxed u/s 69C as…