REGARDING QUERY OF FORM 29B

Save Share

This query is : Resolved

Quick Summary

Yes, it is mandatory to generate a UDIN for Form 29B. All companies must obtain a report from an authorised Chartered Accountant (CA) to certify that book profits have been calculated according to the Income Tax Act, 1961. The company needs to assign a CA via the 'My CA' service, who will then prepare and submit Form 29B after accepting the request.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
Follow

17 October 2024 IS IT MANDATORY TO GENERATE UDIN FOR FORM 29B?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

17 October 2024 Yes it's mandatory to generate UDIN for 29B.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
Follow

17 October 2024 WHAT AMOUNT NEED TO BE CERTIFIED?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now