Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

UDIN gets Trade Mark Registration: More than 30 lakh UDINs have been generated and more than 1 lakh members have already registered on UDIN Portal

The Unique Document Identification Number (UDIN) get Trademark Registration under the Trade Marks Act, said ICAI President CA.

Prafulla P. Chhajed. The Unique Document Identification Number (UDIN) is gaining acceptability in business and industry as a tool to bring authenticity to the certificates issued by the Chartered Accountants. More than 30 lakh UDINs have been generated and more than 1 lakh members have already registered on UDIN Portal.

CA. Prafulla P. Chhajed also said that “Bringing further credibility to its usage, the acronym “UDIN” has now been registered under the Trade Marks Act, 1999 in the name of The Institute of Chartered Accountants of India. Usage of UDIN is virtually eliminating any misrepresentation by a third person claiming to be a Chartered Accountant and signing financial documents/certificates to mislead the authorities and stakeholders”.

“Further, we have recently decided to grant a one-time extension in the time limit to generate UDIN from 15 days to 30 days. This one-time relaxation is available on the Certificate/ Report/ Document signed between 20th August, 2019 to 31st December, 2019. However, UDIN so generated has to be communicated to “management” or “those charged with governance” for disseminating it to the stakeholders from their end”, he also added.

Read more at: https://www.taxscan.in/udin-gets-trade-mark-registration-more-than-30-lakh-udins-have-been-generated-and-more-than-1-lakh-members-have-already-registered-on-udin-portal/38271/

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