Question ID :
40762
UDIN FOR NON TAX AUDIT BALANCE SHEET
As per FAQ on UDIN issued by ICAI dated Nov,2019 Que.No.54 no udin is required for financial statements which are not subject to any statutory audit. My question is, whether udin is required in case of balance sheet which was uploaded u/s 44 AD (Presumptive taxation) under Income tax act.
Posted by
SHEKHAR KUNDLIK SAWANT
on
Aug 06, 2020
Filed Under
MISC.
No,
UDIN Is only required when you are giving the certificate, signing financial statements, or signing the audit report.
As 44 AD is presumptive taxation, where you need not maintain books of accounts so no udin is required.
Posted by
ANUJ JAISWAL on
Aug 08, 2020