Gmail Yahoo! Outlook Email With the advent of computerisation, everything has now gone online – newspaper has been replaced by e newspaper, greeting cards have been replaced by egreeting cards and income tax returns have been replaced by eincome tax returns . The computerisation of the first 2 examples was easy as authentication is not as much a matter of concern as it is in case of filing of the Income Tax Return. It is very important that all correct particulars are stated in the Income Tax Return and the person furnishing the same submits a declaration that all particulars stated are true and fair to the best of his knowledge. Signing a declaration is easy in case of paper filing as the declarant can easily sign the declaration. But how can we sign this declaration while submitting documents online??? This was 1 reason that it took some time for the government to initiate the process of online filing on Income Tax Returns but now with technology like Digital Signature Certificates being easily available, furnishing an Income Tax Return online is just a click away. What is a Digital Signature Certificate? A Digital Signature is a Certificate for demonstrating the authenticity of the digital message or document. The presence of a Digital Signature of a person indicates that the person adopts the contents of that electronic message. Every Individual is allotted a different Digital Certificate which helps in identifying which Digital Signature belongs to which person. A digital signature authenticates electronic documents in a similar manner a handwritten signature authenticates printed documents. This signature cannot be forged and it asserts that a named person wrote or otherwise agreed to the document to which the signature is attached. The recipient of a digitally signed message can verify that the message originated from the person whose signature is attached to the document and that the message has not been altered either intentionally or accidentally since it was signed. Also the signer of a document cannot later disown it by claiming that the signature was forged. In other words digital signatures enable the “authentication” and “nonrepudiation” of electronic messages assuring the recipient of the electronic message of both the identity of the sender and the integrity of the message. The Digital Certificates are typically issued with 1 year validity and 2 year validity. It includes the cost of medium (a UBS token which is a onetime cost) the cost of issuance of Digital Certificate and the renewal cost after the period of validity. Applicability of Digital Signature while uploading Income Tax Return In India, Digital Signatures are issued by a licensed certifying authority and the Information Technology Act, 2000 grants it the same status as a physical signature. Digital Signatures are usually used at the time of statutory and other filings like Income Tax Returns which have to be mandatorily signed at the time of submission. In case you are furnishing these Returns online, there are 2 ways of signing the Income Tax Return 1. Using Digital Signatures (Explained Below) 2. Using Handwritten Signatures (i.e. taking a print out of the Return uploaded online, signing it and then manually sending the paper return to the Income Tax Office in Bangalore)
Gmail Yahoo! Outlook Email With the advent of computerisation,
everything has now gone online newspaper has been replaced by
enewspaper,greetingcardshavebeenreplacedbyegreetingcardsandincometaxreturnshavebeenreplacedbyeincometaxreturns.Thecomputerisationofthefirst2exampleswaseasyasauthenticationisnotasmuchamatterofconcernasitis
in case of filing of the Income Tax Return. It is very important
that all correct particulars are stated in
theIncomeTaxReturnandthepersonfurnishingthesamesubmitsadeclarationthatallparticularsstatedaretrueandfairtothebestofhisknowledge.Signingadeclarationiseasyincaseofpaperfilingasthedeclarantcaneasilysignthedeclaration.Buthowcanwesignthisdeclarationwhilesubmittingdocumentsonline???Thiswas1reasonthatittooksometimeforthegovernmenttoinitiatetheprocessofonlinefilingonIncomeTax
Returns but now with technology like Digital Signature Certificates
being easily available, furnishing
anIncomeTaxReturnonlineisjustaclickaway.WhatisaDigitalSignatureCertificate?ADigitalSignatureisaCertificatefordemonstratingtheauthenticityofthedigitalmessageordocument.Thepresence
of a Digital Signature of a person indicates that the person adopts
the contents of that electronicmessage. Every Individual is
allotted a different Digital Certificate which helps in identifying
which DigitalSignaturebelongstowhichperson.A digital signature
authenticates electronic documents in a similar manner a
handwritten signatureauthenticates printed documents. This
signature cannot be forged and it asserts that a named person wrote
orotherwiseagreedtothedocumenttowhichthesignatureisattached.Therecipientofadigitallysignedmessagecanverifythatthemessageoriginatedfromthepersonwhosesignatureisattachedtothedocumentandthatthemessage
has not been altered either intentionally or accidentally since it
was signed. Also the signer of adocument cannot later disown it by
claiming that the signature was forged. In other words digital
signaturesenabletheauthenticationandnonrepudiationofelectronicmessagesassuringtherecipientoftheelectronicmessageofboththeidentityofthesenderandtheintegrityofthemessage.The
Digital Certificates are typically issued with 1 year validity and
2 year validity. It includes the cost
ofmedium(aUBStokenwhichisaonetimecost)thecostofissuanceofDigitalCertificateandtherenewalcostaftertheperiodofvalidity.ApplicabilityofDigitalSignaturewhileuploadingIncomeTaxReturnIn
India, Digital Signatures are issued by a licensed certifying
authority and the Information Technology
Act,2000grantsitthesamestatusasaphysicalsignature.DigitalSignaturesareusuallyusedatthetimeofstatutoryandotherfilingslikeIncomeTaxReturnswhichhavetobemandatorilysignedatthetimeofsubmission.IncaseyouarefurnishingtheseReturnsonline,thereare2waysofsigningtheIncomeTaxReturn1.
UsingDigitalSignatures(ExplainedBelow)2.
UsingHandwrittenSignatures(i.e.takingaprintoutoftheReturnuploadedonline,signingitandthenmanuallysendingthepaperreturntotheIncomeTaxOfficeinBangalore)Exception:
Vide notification dated 9th July 2010 amending Rule 12, the CBDT
has made it mandatory
allCompaniesfilingITR6todigitallysigntheITreturnforAY201011.RegisteringDigitalSignatureCertificateonIncomeTaxWebsiteLoginwithyourUseridandPasswordontheIncomeTaxefilingwebsitei.e.www.incometaxindiaefiling.gov.inUnderthetabMyAccountclickDigitalSignatureSelecttheappropriatetypeofDSC(.pfxorUSBtoken)andthenclickonSelectyour.pfxfilecertificate)DigitalCertificateVerificationIn
case the Income Tax Assessee is an Individual/ HUF the email id as
registered in his Digital
Certificateshallmatchtheemailidasperhisregisteredprofileintheefilingwebsite.IncaseofnonindividualslikeFirms,Companies
etc., the person in holding the Digital Certificate shall either be
the Director/Partner in the
KeyPersonscheduleoftheFirm/Company.UploadingIncomeTaxReturnOnline1.
PrepareyourIncomeTaxReturnandGeneratetheXMLFileandsaveitonyourcomputer2.
Logintoyouraccountonhttps://incometaxindiaefiling.gov.in/portal/login.dobysubmittingyouruseridandpassword3.
ClickSubmitReturnandthenselecttheassessmentyearAfterselectingtheIncomeTaxFormName,selectthetypeofDigitalSignatureandthenuploadyourIncomeTaxReturnusingtheDigitalSignatureCertificate.
