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Digital Signature Certificate

A Digital Signature is an electronic form of a signature. Just as one authenticates a document with handwritten signature, a digital signature authenticates electronic documents. The digital signature is equivalent of a handwritten signature in terms of significance or importance or value. A digital signature is intended to solve the problem of tampering and impersonation in digital communications. In most of the Country digital signatures have the same legal significance as the more traditional forms of signed documents.

A Digital Signature Certificate (DSC) can be presented electronically to prove identity, to access services on the internet or to sign certain documents digitally. A DSC provides with a high level of security for online transactions by ensuring absolute privacy of information exchanged using a DSC. A valid digital signature gives a recipient reason to believe that the message was created by a known sender, that the sender cannot deny having sent the message

DSC can be of different types based on its requirement and use. There are generally Three types of DSC are used:

Class 1 Certificate:

Class 1 certificates shall be issued to individuals/private subscribers. These certificates will confirm that user's name (or alias) and E-mail address. Class I DSCs can be used by employers while communicating with employees via email. Class I certificates shall be issued to individuals/private subscribers.

Class 2 Certificate:

These certificates will be issued for both business personnel and private individuals use. These certificates will confirm the identity of a person is verified against a trusted, pre-verified database. Class II DSCs are applicable in e-filing of income tax returns & sales tax returns, etc.

Class 3 Certificate:

This certificate will be issued to individuals as well as organizations. As these are high assurance certificates, primarily intended for e-commerce applications, they shall be issued to individuals only on their personal (physical) appearance before the Certifying Authorities. Class III DSCs can be used to participate in e-tendering or e-auctions organised by governments or public sector companies.

Procedure to Obtain PAN

1:

To apply for PAN in the prescribed form to the Authority along with
a. Identification Proof
b. Address Proof and
c. Photographs (only in case of Individual applicant)

2:

On payment of prescribed fees, application get submitted and processed electronically

3:

PAN is generated and communicated to applicant.

Permanent Account Number

Permanent Account Number (PAN) is a code that acts as identification for the purpose of Income Tax in India. It is a unique, 10-character alpha-numeric identifier, issued to all judicial entities identifiable under the Indian Income Tax Act, 1961.

The PAN is mandatory for filling Income Tax Return. PAN is required for a majority of financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of assets above specified limits etc.; especially high-value transactions. Not only Individuals, but also other legal entities viz. Hindu Undivided Family (HUF), Partnership Firm, Company, Association of Person (AOP), Body of Individual (BOI), Trust needs to apply for PAN separately.

Tax Deduction and Collection Account Number

Tax Deduction and Collection Account Number (TAN) is a 10 digit alphanumeric number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.

The Tax Deducted at Source (TDS) on payments made by assessees is deposited under the TAN to enable the assessees who have received the payments to claim the tax deducted in their income tax return. So the concept to TDS is based on TAN- PAN mechanism. Every deductor has to apply for the TAN to deposit Tax deducted to Central Government.

Procedure to Obtain TAN

Apply for TANe:

To apply for TAN in the prescribed form to the Authority along with a. Identification Proof b. Address Proof

Application:

On payment of prescribed fees, application get submitted and processed electronically.

Generated:

TAN is generated and communicated to applicant

Procedure to Obtain Service Tax Registration

Service Tax Registration is much easier with Legaljini. Service Tax Number is PAN based number which is identifier for the Department in all the Service tax transactions. Procedure for the service Tax registration is as under

Apply online:

Apply online to Jurisdictional Service Tax Superintendent with necessary ID Proof and address proofs

Verification:

All the documents along with application form to be sent physically for the verification of Superintendent

Certificate:

Service Tax Certificate will be generated on successful verification of the application.

Service tax

Service tax refers to tax collected by the government of India from certain service providers for providing certain services. The person who pays service tax can be either a service provider or a service receiver or any other person who is responsible for providing certain services. Every person providing Taxable service more than Rs. 9 lacs is required to obtain Service Tax Registration.

Importer Exporter Code

To facilitate trade and to avoid separate registration of importers and exporters at various custom houses under the Indian Customs EDI system, Importer Exporter Code (IEC) is issued by DGFT – Director General of Foreign Trade on behalf of Government of India to any bonafide person/ company for carrying out import/export. IEC is 10 digit code, PAN is prerequisite for IEC, only one IEC would be issued against a single PAN number.

Procedure for obtaining IEC

Application:

An application must be made in the Aayaat Niryaat Form 2A (ANF 2A) format to the Regional Authority of the Directorate General of Foreign Trade (DGFT) in the region where the registered office of the company is situated.

Submission:

All the necessary proofs to be submitted online while making application. Signed and stamped physical documents to be submitted at Department for verification.

Verification:

On successful verification of Documents IEC will be issued to applicant.

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