The Income Tax Department has issued guidance on updating the UDIN for audit reports submitted by CA users. The UDIN is a unique identification number assigned to every legal entity registered under the Indian Companies Act, 2013.
The guidelines state that the UDIN should be updated in audit reports filed with the department for the financial years 2017-18 and 2018-19. The UDIN should be mentioned in the auditor’s report as well as in the statement of affairs of the company.
Non-compliance with these guidelines may attract penal action under the Income Tax Act, 1961.
This guideline to update UDIN for Audit reports should be read in conjunction with the instructions for the UDIN functionality. The function to update UDIN for audit reports submitted by CA users has been enabled on the electronic filing portal www. incometax.gov.in. This feature cannot be used to update the UDIN for forms submitted before April 2021. In this feature, only forms accepted by the reviewer will be displayed. This manual should be read in conjunction with the UDIN functionality guide