Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Udhyog aadhar

Meet Parekh (76 Points)

03 November 2019

what is udhyog aadhar & when it's requirement in income tax return filling ?

Reply
Follow
Share

4 Replies

Surjeet Negi (947 Points)
Replied 03 November 2019

Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises in India. It is also known as Aadhaar for Business.
Udyog Aadhaar is highly advisable for Sole Proprietors who dont have an official govt recognition as udyog aadhaar helps a sole proprietor get a unique identity and official registration with the Government of India that validates the existence of his business.

subhagan sreerangam (7039 Points)
Replied 03 November 2019

Udyog Aadhar is a 12.digit Unique Identification Number allotted by the Ministry of Macro,Small and Medium Enterprises.It is known as Aadhar for Business.

Meet Parekh (76 Points)
Replied 04 November 2019

When It's Requirement because In some IT Filling nothing requirement so I want to Know How udhyog aadhar Mandatory for business ? & what impect in IT Return

Surjeet Negi (947 Points)
Replied 04 November 2019

Benefits of Udyog Aadhaar

Protection against delay in payment.

Fast resolution of disputes.

Collateral Free loans from bank.

Exclusive consideration for participating in international trade fair.

Octroi benefits.

Waiver of Stamp duty and Registration fees.

Several Exemption under Direct Tax Laws.

Barcode registration subsidy.