my clients bank is asking for UDIN for my clients personal loan. my clients return is a non audit case . being a CA, should I generate the UDIN ? if yes , under which section?
Replies (2)
Quick Summary
A Chartered Accountant is seeking clarification on whether to generate a UDIN for a client's personal loan, especially since the client's return is a non-audit case. The accountant questions the necessity and the section under which a UDIN would be generated, noting that banks seem to use it to shift liability onto CAs without clear legal backing.