REGARDING QUERY OF FORM 29B

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Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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17 October 2024 IS IT MANDATORY TO GENERATE UDIN FOR FORM 29B?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 October 2024 Yes it's mandatory to generate UDIN for 29B.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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17 October 2024 WHAT AMOUNT NEED TO BE CERTIFIED?

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 October 2024 All Companies have to obtain a report, in Form 29B, by an authorized CA for certifying that the book profits have been computed in accordance with the provisions of the Income Tax Act, 1961.

Companies have to assign a CA (post-login using My CA service) who will furnish an audit report in the form of Form 29B. Thereafter, a registered CA can either accept or reject the request for furnishing of an audit report and (if accepted) is required to prepare and submit the Form 29B.