UDIN Generation 44ADA

Others 598 views 5 replies

I filed under 44ada should I need to generate udin for bank purpose. What is the procedure.

Replies (5)

If bank ask for any official datasheet for any loan sanctions etc., you need to provide them as per their requirement. In general, not mandatory.

UDIN IS REQUIRED FOR CERTIFICATION AND AUDIT PURPOSE,

BUT SOMETIMES BANKS DEMANDS FOR  UNAUDITED FINANCIALS

If a person has submitted their online income tax return under Section 44ADA (presumptive taxation), a UDIN is generally not required for banking purposes unless the bank specifically demands a certificate or report issued by a Chartered Accountant (CA). For professionals seeking to efficiently prepare or present CA-related reports, Gen Balance Sheet Software provides a streamlined solution for balance sheet preparation and tax audit reports. The software helps ensure accurate and timely submission of financial data to banks whenever required.

A udiin is not customary.

It is only required for audit and taxation purposes.


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