Chartered Accountants UDIN for Tax Audit Report – Everyone should know
Table of Contents
Table of Contents
ICAI FAQ ON UDIN
What is UDIN allotted by ICAI?
UDIN is an initiative of The Institute of Chartered Accountants of India to verify the authenticity of reports issued by their members. Chartered Accountants UDIN for Tax Audit Report
UDIN is a ‘Unique Document Identification Number’ consisting of an 18-digit numeric value. This is a unique number for every attested document issued by Practicing Chartered Accountants (‘PCA’).
The reports and certificates issued by Chartered Accountants carry immense trust value. Numerous stakeholders rely on these reports, hence UDIN provides a mechanism to check the authenticity of this report through ICAI’S UDIN portal.
Is UDIN mandatory for documents attested by PCA?
Yes, it is mandatory to generate and mention UDIN on every document attested by Practicing Chartered Accountants.
As per 379th ICAI Council meeting, UDIN has been made mandatory as follows:
- All tax audit report issued under IT Act, 1961 w.e.f. 01.04.2019
- GST audit report issued under CGST Act, 2017 w.e.f. 01.04.2019
- All other audit, assurance and attest functions w.e.f. 01.07.2019
Is the Income Tax e-filing portal integrated with the UDIN portal of ICAI?
Government agencies and bodies, Income-tax e-filing portal has integrated ICAI’s UDIN portal for validation of documents certified/attested by Chartered Accountants.
Henceforth, Income Tax Department will validate the UDIN of Chartered Accountants uploaded on e-Filing portal with ICAI’s UDIN data on tax audit reports.
What happens if UDIN is not generated for the Tax Audit report?
Income Tax e-filing portal provides 15 calendar days from the date of form submission. If the UDIN for the audit report/certificate is not updated within the 15 days provided for the same, such audit report/certificate uploaded shall be treated as invalid submission.
What is the best practice for UDIN generation?
Chartered Accountants should generate UDIN at the time of signing tax audit report. Ensure UDIN is mentioned in the tax audit report.
How to generate UDIN for Tax Audit Report?
In order to generate UDIN, select document type as ‘GST & Tax Audit’ and mention the date of signing audit report.
Select heading ‘Particulars of Section / Form under which report issued’ from drop-down request. Choose ‘Other Report under IT Act 1961’ and mention the details under ‘Document description’. Fill up details of ‘Figure / value / description’ for generation of UDIN.
On which documents UDIN is mandatory?
UDIN is mandatory on all documents of audit, assurance and attestation done by Practicing Chartered Accountant.
UDIN verification by Authorities/Regulators/Bank/Others
The following can be adopted to verify UDIN
- Go to UDIN VERIFICATION PORTAL
- Enter Name of Authority, Mobile Number, Email ID, UDIN number. Generate OTP after entering the captcha code. Relevant details would be displayed.
Whether registration is required for verification of UDIN by Authorities/Regulators/Bank/Others
There is no requirement of registration for searching the certificates.
Can a part-time Certificate of Practice generate UDIN?
No, as part time Certificate of Practice (‘CoP’) cannot carry out attest functions. Hence, they have been barred from accessing the generation of UDIN portal.
How to resolve a query related to ICAI’s UDIN?
ICAI member can submit their queries on UDIN PORTAL.
Extracts of CBDT press release dated 26.11.2020 on UDIN
The Institute of Chartered Accountants of India, in its gazette notification dated 2nd August 2019, had made generation of UDIN from ICAI website www.icai.org mandatory for every kind of certificate/tax audit report and other attests made by their members as required by various regulators. This was introduced to curb fake certifications by non-CAs misrepresenting themselves as Chartered Accountants.
In line with the ongoing initiatives of the Income Tax Department for integrating with other Government agencies and bodies, the Income-tax e-filing portal has completed its integration with the Institute of Chartered Accountants of India (ICAI) portal for validation of Unique Document Identification Number (UDIN) generated from ICAI portal by the Chartered Accountants for documents certified/attested by them.
It may be noted that in consonance with the above requirement, the Income-tax e-filing portal had already factored mandatory quoting of UDIN with effect from 27th April 2020 for documents certified/attested in compliance with the Income-tax Act,1961 by a Chartered Accountant. With this system-level integration, UDIN provided for the audit reports/certificates submitted by the Chartered Accountants in the e-filing portal shall be validated online with the ICAI. This will help in weeding out fake or incorrect Tax Audit Reports not duly authenticated with the ICAI.
If for any reason, a Chartered Accountant was not able to generate UDIN before submission of audit report/certificate, the Income-tax e-filing portal permits such submission, subject to the Chartered Accountant updating the UDIN generated for the form within 15 calendar days from the date of form submission in the Income- tax e-filing portal. If the UDIN for the audit report/certificate is not updated within the 15 days provided for the same, such audit report/certificate uploaded shall be treated as invalid submission.
FAQs on UDIN issued by CBDT
What is Unique Document Identification Number (UDIN)?
The Institute of Chartered Accountants of India, on noticing about the fake certifications by Non-CAs misrepresenting themselves as Chartered Accountants which misled the authorities and stakeholders, pioneered in conceptualizing a unique concept which is called “Unique Document Identification Number (UDIN) “. Unique Document Identification Number (UDIN) is 18-Digitsystem generated unique number which has to be generated by Full- time Practicing Chartered Accountants for every document certified/attested by them.
As per the decision of the Council of ICAI, UDIN has been made mandatory in phased manner as per following schedule:
- For all Certificates w.e.f. 1st February, 2019;
- For all GST and Tax Audit Reports w.e.f. 1st April, 2019;
- For all other Audit, Assurance and Attestation functions w.e.f. 1st July, 2019.
Is UDIN mandatory for upload of the Audit Report and CA certification forms in e-filing portal?
Yes, it is mandatory.
Is it possible for upload of the form without UDIN being quoted?
Yes, it is possible if a UDIN for the form has not been generated and the CA desires to upload the same without UDIN. However, within 15 calendar days of uploading, UDIN generated for the form should be updated to avoid the form uploaded being treated as invalid.
On providing UDIN, the form submission page does not get opened. What to do?
One of the reasons could be that UDIN validation process is consuming more time. You can remove the UDIN and proceed with the form upload and later update the form UDIN within 15 day of its upload
A form has been uploaded with valid UDIN. However, UDIN status indicates, ‘update UDIN’. What does this mean?
As long as Taxpayer has not accepted the uploaded form, the CA would be able to modify the UDIN.
How to update the UDIN in case form is uploaded without UDIN?
A link ‘View/Update UDIN details’ will be available under My Account tab. User must click the link and shall be redirected to ‘View/Update UDIN details’ for further action.
How to correct the error in a form where UDIN has already been updated?
In case an error has been identified after the upload of the form, please ensure that the taxpayer does not accept the form that has been uploaded. Upload the corrected form with the same UDIN and ensure that the taxpayer accepts the corrected form.
How to correct the error in the form with valid UDIN after it has been accepted by the taxpayer?
If the mistake or error in the form or attachment has been noticed subsequent to taxpayer accepting the form linked to a valid UDIN, then the process is only revising the form with new UDIN generated by revoking the earlier generated UDIN of the submitted form.
What will happen to the form if the CA uploads without UDIN or fails to update the UDIN within 15 calendar days, but the form uploaded has been accepted by the taxpayer?
The form uploaded will be treated as invalid with all due consequences of law attracted.
What will happen to the form uploaded by the CA with UDIN and not accepted by the taxpayer?
The form uploaded will not be considered as valid submission by the taxpayer till it is accepted by the taxpayer.
What will be considered as the date of submission of the form by the taxpayer?
The date of submission of the form by the taxpayer will be the date on which the taxpayer accepts the form uploaded by the CA or the date on which the CA has furnished the UDIN, whichever event takes place later as the case may be.
What will happen to the form in case UDIN is revoked?
In case UDIN of a form is revoked after its acceptance by the taxpayer, then the form submitted with that UDIN will be treated as invalid on the date on which the UDIN is revoked with due consequences of law attracted.
What will be considered as the date of submission of the form by the taxpayer in case UDIN is revoked?
In case UDIN of a form is revoked after its acceptance by the taxpayer, and a revised form with fresh UDIN is uploaded, then the date on which the taxpayer accepts the revised uploaded form will be considers as the date of submission.
How to correct the error in a form where UDIN has not been updated?
In case an error has been identified after the upload of the form, ensure that the taxpayer does not accept the form that has been uploaded. Re-upload the corrected form with the same UDIN and ensure that the taxpayer accepts the form which is the corrected.
What does the status ‘Consumed’ indicates under ‘UDIN status’?
It indicates that the form uploaded by the CA with a UDIN has been accepted by the taxpayer and the UDIN linked to the form cannot be used for upload of another form or the revision or correction of the form already uploaded without its revocation.
What does the status ‘Unconsumed’ indicates under ‘UDIN status’?
It indicates that the form uploaded by the CA with a UDIN has been rejected by the taxpayer and the form can be re-uploaded using the same UDIN
How to modify the UDIN in case UDIN is linked to a form but the form is not accepted or rejected by the taxpayer?
A link ‘View/Update UDIN details’ will be available under My Account tab. User must click the link and shall be redirected to ‘View/Update UDIN details’ for further action.
Chartered Accountants UDIN for Tax Audit Report
Also Read
- Rate of Depreciation as per Companies Act 2013:
Refer Depreciation Rate as per Companies Act
- Rate of Depreciation as per Income Tax Act 1961:
