ICAI back in August 2019, made UDIN generation mandatory for every kind of certificate/tax audit report and other attests made by their members as required by various regulators.
The ministry points out that, in consonance with the above requirement, 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," said the ministry.
According to the ministry, 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.
Further, the ministry guides that, 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.