signyourdoc - Digital signature certificate provider
Use of a Digital Signature Certificate is mandatory for e-filing by a certain section of businesses, families, and individuals.
A Digital Signature Certificate lets you file your Tax Returns easier and more secure. According to revised provisions under section 44AB of IT Act "E-Filing is mandatory for all the individuals/professionals having an annual gross receipt of INR 25 Lakhs and above, and for business houses with annual turnover of INR 1 Crore and above.
Digital Signatures have been given the same status as regular signatures by the IT Act, 2000. They verify and attest that the owner of the signature has authenticated the (digitally) signed document, in a secure, fraud-free environment.
Digital Signatures cannot be disowned or claimed as forgeries by the signatory – as there are checks in place to verify the same. Documents that have been digitally signed are also protected from further alteration / editing (post-signing) and verify that the document has been attested and verified by the person who signed it, as forgeries are also not generally possible with digital signatures.
In the modern world where important documents, etc. are transferred online, digital signatures provide a high level of security for authentication and non-repudiation along with convenience and easy usability.
Digital signatures are issued by Certification Authorities (CAs) and are signed using the private key assigned to that particular Certification Authority. The Public Key Infrastructure (PKI) is the technology used for digital signatures.
Digital Signatures Consist of:
• The Owner’s name.
• The Owner’s public key.
• The Expiration date of the Owner’s public key.
• The name of the Issuing Certification Authority.
• Serial Number assigned to the digital signature.
• Digital signature of the issuer.
A physical copy of the tax return need not be submitted if e-filing is being done with a digital signature.
A Digital Signature is the equivalent of a physical signature in electronic format, as it establishes the identity of the sender of an electronic document in the Internet. Digital Signatures are used in India for online transactions such as Income Tax E-Filing, Company or LLP Incorporation, Filing Annual Return, E-Tenders, etc.,
There are three types of Digital Signatures, Class I, Class II and Class III Digital Signature. Class I type of Digital Signatures are only used for securing email communication. Class II type of Digital Signatures are used for Company or LLP Incorporation, IT Return E-Filing, Obtaining DIN or DPIN, and filing other forms with the Ministry of Corporate Affairs and Income Tax Department. Class III type
Digital Signatures are used mainly for E-Tendering and for participating in E-Auctions. Digital Signatures come in the form of a USB E-Token, wherein the Digital Signature Certificate is stored in a USB Drive and can be accessed through a computer to sign documents electronically.
With E-Return filing becoming mandatory for Income Tax Assesses with an income of over Rs.5 lakhs per annum, the requirement and prevalence of Digital Signatures has increased manifold. IndiaFilings can help you obtain your Digital Signature hassle-free online. IndiaFilings is a Registered Partner of SIFY and E-Mudhra.
Digital Signature Certificate (DSC) for Income Tax Return filing
Key Benefits of filing your Income Tax Return with DSC
• Tax Department starts processing your refund the minute you submit ITR.
• You do NOT need to hand sign and send ITR-V to CPC, Bangalore via post.
• 28% of you will forget to send ITR-V. Save time and hassles.
• Also, it's cheap and totally worth it!