Categories: Income Tax

Read All about Unique Document Identification No

Complete Overviews of Unique Document Identification Number(UDIN)

UDIN – ICAI Council has decided UDIN can be generated within 60 days (in place of 15 days).

www.carajput.com; UDIN

ICAI: Without UDINs in all IT Forms will be treated as Null & Void by CBDT

Unique Document Identification Number(UDIN) : UDIN is an 18-Digits system that generated a unique number for every document certified/attested by Practicing Chartered Accountants.

UDIN is to be generated at the time of signing the Certificate. However, the same can be generated within 15 days of the signing of the same.

Generating UDIN, the Document type is to be selected. Thereafter, the date of signing the document is to be mentioned. There are 3 fields for entering the financial figures/values from the document and the description of the figure/ value so entered. Out of these, 2 fields are mandatory. In case, there is no financial figure/value available in the document, 0 (zero) is to be mentioned and in the description, it should be clarified that no financial figure/value is available.

No details of the Client are to be mentioned anywhere on UDIN Portal.

The Non-applicability of UDIN can be listed out but the list is not exhaustive. Like in the 1st phase, the requirement of obtaining UDIN is Not Applicable for Auditor’s Opinion/Reports issued by the Practicing Chartered Accountant under any Statute `w.r.t. any entity or any person.

  • Valuation Reports,
  • Quarterly Review Reports,
  • Limited Review Report,
  • Information System Audit,
  • Forensic Audit,
  • Revenue / Credit / Stock Audit,
  • Borrower Monitoring Assignments,
  • Concurrent / Internal Audit and the like,
  • Any report of what so ever nature issued including Transfer Price Study Report, Viability Study Report, Diligence Report, Due Diligence Report, and Management Report, etc.

How do I register on the UDIN Portal?

Whole-time Practicing Chartered Accountants (CAs with COP) must 1st register on the UDIN portal in order to create UDIN for each paper to be attested.

Step 1First of all Go to the below link:

https://udin.icai.org/?mode=myicai

Step 2: Go to 1st-time users and enter the Six-digit ICAI Membership No., DOB, and Enrolment Date and click the ‘Share OTP’ button.

Step 3: Enter the OTP as received on the ICAI registered phone number and e-mail address and click ‘Proceed.’

Source: https://din.icai.org/FAQ-UID.pdf

The platform login credential for the UDIN portal will be sent to the registered ICAI e-mail address.

What is the UDIN format?

The UDIN would be a fifteen digit number generated in the following format:

  • The first six digits would be the Membership Registration Number of the Chartered Accountant.
  • The next six digits would be the date of issue of the certificate in dd/mm/yy format.
  • The last three digits would have been the serial number of the document created by the UDIN platform.

Document Verification using UDIN

The UDIN is a step launched by CA Institute in an effort to reduce the misappropriation of third parties as Chartered Accountants who forge signatures on records to mislead authorities. With the UDIN, the respective authorities, such as the IT Dept, banks, RBI, etc., may check the validity of the documents submitted by the CA. Because the UDIN can be created by the Chartered Accountants only via the UDIN portal, the validity of the certified document can be checked by using its UDIN. You can also find the document using the Firm Registration Number (FRN), the Customer Reference Code, the Document Date, etc. via the UDIN portal.

When the UDIN for a specific paper has been generated, the particulars of the document corresponding to the UDIN cannot be revised in any way. There may, even so, be a situation in which a document may either require specific modifications or cancellations altogether. In this situation, the UDIN may be revoked by searching for a document on the UDIN portal and clicking on the ‘Revoke’ tab.

FAQ on UDIN by Income-tax Department

ICAI: Without UDINs in all IT Forms will be treated as Null & Void by CBDT

In its Notification dated 2 August 2019, the ICAI made the generation of UDIN from the ICAI webpage compulsory for any type of certificate/tax audit report and other certificates issued by its members as required by multiple regulatory authorities. This was presented in order to curb false certifications by non-CAs that misrepresent themselves as Chartered Accountants.

UDINs for that kind of IT forms that have been uploaded to the Member’s e-filing portal between 27 April 2020 and 26 November 2020 have not yet been updated as a result of the invalidation of such forms. CBDT has granted an extension to update UDINs on all of the above-mentioned forms and may do so no later than 15 February 2021. ICAI has informed Chartered Accountants to keep updating UDINs in all income tax forms. The declaration is as follows:

Members are aware that CBDT validates UDIN while uploading tax audits as well as other income tax reports as per their press release, otherwise the forms are becoming null and void. CBDT validates the UDIN created by the Chartered Accountants while uploading tax audits as well as other income tax reports. In the event that the UDIN is not matched/validated, the forms become void or invalid.

We recognize that UDINs for certain IT Forms that were uploaded to the e-filing portal by Members between 27 April 2020 and 26 November 2020 have not yet been updated as a result of the invalidation of such forms.

Income tax Forms Submitted without UDIN will be treated as Null & Void by CBDT: ICAI

On the advice of ICAI, the Central Board of Direct Taxes has granted an extension to update UDINs on all of the above-mentioned forms and may do so by 15 February 2021 at the latest to treat these forms as valid.

In the perspective of above, members are suggested to submit use of this last opportunity and also to update the UDINs on the e-filing portal as soon as possible, but no later than 15 February 2021, in order to avoid invalidation.

In relation to the above, for the current upload of the IT Forms, members are requested to update the valid Unique Document Identification Number within fifteen days of such upload, otherwise, the IT Forms will be allowed to treat as Null and Void by the Central Board of Direct Taxes.  Members (ICAI) are aware that the Central Board of Direct Taxes validates UDIN while updating tax audits as well as other income tax reports as per their press release, otherwise the forms would become null and void.

ICAI One-time condonation scheme, to regularise the non-generation of Unique Document Identification Number, Members will be required to create the previously missed Unique Document Identification Numbers for the documents signed between 1 Feb 2019 and 31 Dec 2020. The scheme will be made accessible from 1 Jan 2021 to 31 Jan 2021.

Central Board of Direct Taxes has made it compulsory for Unique Document Identification Number to be updated on all IT Forms related to the Tax Audit or any other Income Tax Reports, otherwise, these forms would become invalid. Use this 1-time opportunity to create a Unique Document Identification Number (if missing) and keep updating the e-filing portal at the soonest but not afterward than Feb. 15, 2021, to prevent nullification.

Complete Key Point of UDIN: ICAI

New Revised Unique Document Identification Number (UDIN) FAQ for Bank Audit published by ICAI

Helpline for UDIN

The Below support line has been offered for any queries or assistance related to the UDIN gateway:

Department of PDC – (011) 3011 0444

You can also reach them by email at udin@icai.in.

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

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