
UDIN
Unique Document Identification Number (UDIN), as the name suggests, is an identification number that is generated for every document certified/attested by a Practicing Chartered Accountants. The mechanism has been conceptualized and developed by the Professional Development Committee of the Institute of Chartered Accounts of India (ICAI) and has been initiated amidst the burgeoning issue of certification or attestation of financial statements and documents by other persons in the disguise of CA’s. In this article, we look at the various aspects of UDIN issued by CAs in detail.Purpose of the Initiative
The Income Tax, GST and Company Laws of India attach a lot of significance to the role of a Chartered Accountant, given that his/her attestation on a certificate or any such document certifies it against any misrepresentation. Also, this attestation instils a sense of surety among investors and other stakeholders who wish to be affiliated with the particular entity in any manner. These factors prompted the ICAI to develop a mechanism for securing the documents issued by the Chartered Accountant by issuing a Unique Document Identification Number (UDIN).Announcement
The notification pertaining to this pronouncement has been quoted below for your reference:ANNOUNCEMENT Unique Document Identification Number (UDIN) | ||
It has been observed that at many instances financial statements and documents are being certified/attested by third persons in lieu of our CA members. These statements misleads various authorities/other stake holders who rely upon them. To address above, an innovative concept of Unique Document Identification Number (UDIN) has been conceptualized and developed by Professional Development Committee of ICAI which was also being demanded by various regulators. UDIN is a unique number, which will be generated for every document certified/attested by Practising Chartered Accountants and registered with the UDIN portal. The portal is available at /. Accordingly, the Council at its 374th meeting decided to implement UDIN, therefore it has been made recommendatory with effect from 01st July, 2018, and later on it would be made mandatory. The portal offers the facility to various Regulators/Banks/Authorities/Other Stakeholders to check the authenticity of the documents certified by Practicing Chartered Accountants who have registered on the said portal. It would help them in tracing of forged/wrong documents prepared by any third person in the name of Chartered Accountant, as a person other than Chartered Accountant will not be able to upload the documents on this portal. For Process and related Frequently-Asked Questions, please visit / . For any other further assistance/clarification, you may reach us at 011–30110440/444 or email at [email protected] . MEMBERS ARE ADVISED TO REGISTER THE DOCUMENTS CERTIFIED BY THEM & GET THESE SECURED. |
||
|
Mandatory from 1st January 2019
The ICAI has recently notified that all Chartered Accountants must make use of this provision from the 1st of January, 2019, onwards to identify and weed out dubious Chartered Accountants. This effectively means that all the paperwork for clients must henceforth depict the UDIN of the Chartered Accountant signing the document.UDIN Portal
The UDIN portal facilitates various regulators, banks, authorities or other stakeholders to validate the authenticity of the documents certified by Practicing Chartered Accountants. The mechanism would enable such personnel in tracing and identifying the forged or inappropriate documents prepared by any third person in the guise of a Chartered Accountant.UDIN Format
UDIN’s format is provided below:- The membership number of the member attesting the document/certificate.
- The date of issue of the certificate.
- The system-allotted serial number of the document.

Registration with UDIN Portal
The following steps will help the respective user to register with the UDIN portal: Step 1: Official Website The registration can be initiated by visiting the official website of UIDAI. Step 2: Initial Sign-Up Click on the option “For first time sign up, click here,” which can be found on the homepage of the website.

Generation of UDIN for Document
The generation of UDIN involves the following steps: Step 1: Official Website As obvious as it may seem, the process of UDIN generation must be pursued in the same website as that of its registration. Step 2: Login Using Credentials The user may log in to the portal using the credentials received on the e-mail address registered with ICAI.


Revocation of UDIN
We have now come to terms with the fact that the details of the document pertaining to the UDIN cannot be modified at a later stage. But if the circumstances warrant a change or modification, the UDIN can be revoked on valid grounds.Related Guides
Popular Post

Starting a small business can be a transformative venture, offering the exciting opportunity...

Tax deduction at source, shortly and popularly known as TDS, was introduced by the Income Tax...

Goods & Services Tax Certificate is issued to people who are registered under GST...

GST registration applies to all individuals and entities supplying goods or services in India. GST...

Gift tax in India is applied when the value of the received gift exceeds ₹50,000 in the...

The Union Budget 2025 has brought significant changes to India’s personal income tax structure, raising the...

The Goods and Services Tax (GST) is an indirect tax system introduced in India in 2017. It functions...

A trademark search is simply checking if another person or organization does not already own the...

Section 194H of the Income Tax Act in India mandates the deduction of Tax at Source (TDS) on commission or brokerage...

Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to...

The Income Tax Department (ITD) has not provided specific guidance on crypto taxes for Indian investors. However...

Internal audit applicability is a critical concept for companies in India, impacting various...

In the business world, two main types of companies exist: private company and public company...

Ministry of Finance vide a Notification No 05/2022- Central Tax (Rate) dated 13.7.2022 has issued...

The Central Board of Indirect Taxes and Customs (CBIC) has recently announced an extension...

Depreciation is a key concept in finance and accounting. It helps us manage how the value of...

Form 10IA of the Income Tax Department must be filed by taxpayers claiming income tax deduction...

The Goods and Services Tax (GST) system in India has been a significant reform in the country's...

India's Gross Domestic Product (GDP) benefits significantly from the substantial...

The Finance Act, 2023 introduced the MSME 45-day payment rule under Section 43B(h) of the Income Tax Act...

The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announced by Union Finance Minister...