UDIN

This query is : Resolved

Arvind Pusalkar (Querist)
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04 October 2019 1) Can a UDIN be revoked / Cancelled and regenerated with New Financial Figures as Date is extended to 31st Oct 2019.
2) I have Come across some CA's who are adamant that their is no provision for revoking and regeneration of UDIN and they will file ITR and Audit Report as per old Financials they have audited before
3) Is their any Fine/Penalty for Assesses for whom their CA's did not generate UDIN before 30th Sep 2019

Sahil Bhatia

Sahil Bhatia (Expert)
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05 October 2019 1) Yes
2) There is a provision to revoke UDIN number, provided you give the reasons for the same
3) No penalty for assessee but CA will be deemed guilty of professional misconduct.