Category : Others

Adhaar & Pan Card Centre Others

Your PAN card could be invalid without Aadhaar by December. Here’s what to do

Permanent account numbers (PAN) not linked to Aadhaar cards will likely become invalid after December 31, a government source said on Thursday, as the Centre pushes to widen the use of the 12-digit biometric identity project.

Currently, all taxpayers need to have a PAN number to file income tax return but others, such as students outside the tax bracket, also use the card as a proof of identity.

The government says many of these PAN cards are fraudulently obtained, a practice that can be checked by a unique identification number.

The official – who refused to be quoted as he isn’t authorised to talk to media – said the government had arrived at the tentative cutoff date of December 31 as it believed the Aadhaar enrollment process will be complete by the end of the year.

“Considering that 98% of the adult population is Aadhaar card holders, a time frame till the end of the year is more than adequate for linking PAN with Aadhaar,” said State Bank of India group’s chief economic adviser Soumya Kanti Ghosh.

What you need to do

Here’s a quick guide to how you can link your Aadhaar with PAN

 1  Log in to e-filling portalhttps://incometaxindiaefiling.gov.in

 2  A window will show up to facilitate linking of the two unique identity numbers

 3  Punch in your Aadhaar number at the space provided

 4  Check that your personal details (name, date of birth, gender) match with those stated in PAN

 5  Data will be corroborated to ensure authenticity of your identity

 6  Click on ‘link now’. PAN and Aadhaar will be linked only when the details of both match

More than 1.08 billion Indians have the unique identification number that was aimed at plugging leaks in the distribution of government entitlements and benefits.

Over the past few years, the Centre has linked Aadhaar to a growing list of subsidies and schemes, such as the mid-day meal.

On Wednesday, the Lok Sabha passed a controversial bill that made Aadhaar mandatory for filing income tax returns or applying for a PAN card.

According to the amendments in the finance bill, taxpayers can’t file income tax returns from July 1 if they fail to quote the Aadhaar number or show proof of having applied for the document.

At present, there are 250 million PAN cards that are mandatory for cash transactions of hotel or travel bills exceeding Rs 50,000. It is also mandatory to quote the number for purchase of jewellery above Rs 2 lakh either in cash or by plastic money, and while making large deposits in banks.

But the government says many of those PAN cards are duplicates or obtained through fraud.

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“The government has proposed quoting the Aadhaar number mandatory for filing (IT) returns to eliminate discrepancies …many individuals hold multiple PANs and filing returns multiple times; once quoting of Aadhaar becomes binding, this problem will not be there,” revenue secretary Hasmukh Adhia told HT.

People with existing PAN cards will either have to link them to Aadhaar or show proof of having applied for the 12-digit ID by December 31, the source added.

The recent push to expand the usage of Aadhaar has triggered a torrent of criticism but the government has remained undaunted.

Finance minister Arun Jaitley indicated on Wednesday that Aadhaar would be made mandatory for all income-tax related issues to weed out fraud and duplicates.

“Aadhaar is a more foolproof identity of a citizen as it cannot be duplicated and this will help in addressing graft and though the move will ensure transparency in filing of income tax returns but at the same time, this can also help in tracing money launderers,” said a senior government official.

“The next thing on our agenda will be to decide on the time frame that will be given to people to link their PAN with Aadhaar,” Adhia added.

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The finance minister had said that making Aadhaar mandatory for filing IT returns would help in checking tax evasion. “Why shouldn’t we make use of this technology if it helps us catch tax evaders,” Jaitley had said in Parliament.

Several banks and insurance companies started linking Aadhaar accounts with savings accounts and insurance policies to address graft but they are not allowed by law to seek mandatory quoting of Aadhaar.

There are several bank account holders who have quoted PAN but do not have Adhaar. “We are yet to figure out what will be the course of action for them as legally, quoting Aadhaar has not yet been made mandatory,” a senior bank executive said.

In 2013, the Supreme Court said Aadhaar couldn’t be made mandatory and people without the document shouldn’t be denied from genuine entitlements and subsidies.

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Revised interest rate on deposit of SBI from 24-NOV-2016

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Others

Basic Information Of Digital Signature certificate

What is Digital Signature Certificate?

A Digital Signature Certificate or DSC plays the role of the normal handwritten signature, but it serves as a certificate like a driving licenses or passport.

The DSCs serve as a proof of identity for a person or an organization for specific purpose online.

In simple language, Digital Signature Certificates serve as an electronic proof of your identity in the cases of accessing online information or online transactions.

How does it work?

  • Basically, Digital Signature Certificate (DSC) associates the identity of an individual/device with public and private keys.
  • It contains information about a user’s identity (such as their name, pin code, country, email address, the date the certificate was issued, name of the CA).
  • These keys won’t work in the absence of the user.
  • They are used by browsers and servers to encrypt/ decrypt information regarding the identity of the certificate user.
  • The private key is stored on the hard disk of the user’s computer or on an external device such as a USB token.
  • The user retains control of the private key and it can only be used with the issued password.
  • The public key is distributed with the encrypted information. So, if one of these keys in not available or do not match, the authentication process fails. This means that the encrypted data cannot be decrypted and therefore, is inaccessible to unauthorized parties.

A DSC is issued by the licensed Certifying Authority (CA). It means a person who is granted a licence to issue a Digital Signature Certificate under Section 24 of the Indian IT, Act 2000. You can check out the list of licensed CAs here

Now, there are three types of Digital Signature Certificate, which are called Class 1, Class 2 and Class 3 Certificate.

Class 1 To be issued to individuals/ Private Subscribers.
Class 2 To be issued for Income Tax filing, ROC and MCA filing
Class 3 To be issued for the purpose of e-Tendering, e-Procurement, Trademark / Patent filing, etc.

Uses of Digital Signature Certificate

The DSCs are used for…

  1. Sending/Receiving digitally signed and encrypted emails/documents
  2. Carrying out secure transactions on Internet
  3. e-Tendering or e-Procurement
  4. e-Filing Income Tax Returns
  5. Signing Documents like MS Word, MS Excel and PDFs

How to Acquire a Digital Signature Certificate?

You can acquire a DSC at following websites:

www.e-Mudhra.com  

Documents Required:

Documents to be submitted along with application of the DSC may vary as per the applicant and the class of digital signature to be obtained.

In case of Individuals, following documents are to be attached along with an application form:

  • Self attested copy of PAN
  • Passport size photographs of the applicant
  • Self attested copy of any one of the latest copy of:
    • Water Bill
    • Electricity Bill
    • Telephone Bill
    • Credit Card
    • Voter ID
    • Driver’s License
    • Passport

In case of Organizations, some of the documents required to be submitted along with the application are:

  • PAN of the Organization
  • Incorporation certificate / deed / agreement etc.
  • Details of authorized signatory of the organization and his//her ID Proof
  • Latest Bank statement of the Organization etc.

The above list is inclusive and not exclusive. The DSC provider may ask for additional documents as well.

A step-by-step guide to Get your Digital Signature Certificate

  • Download the Application Form from any of the sources mentioned above
  • Fill up the form. Note that the fields marked with ‘*’ are mandatory to fill up.
  • Get Self-attested copies of the documents mentioned above.
  • Re-confirm your email ID.
  • Take Signature on the Application form and Subscriber’s Agreement.
  • If the DSC providers have online payment option you can pay the fees online or else you can send a demand draft as per the requirements.

Government has come up with DSC Management Utility to simplify this entire process. Click here to see how!

Frequently Asked Questions

Do I require different DSCs for different banks?

Not if the DSC is under the same class.

One can sign a copy on paper without the person’s knowledge. Can the same happen with Digital Signature?

It all depends on how secure the owner has kept the key. If a traitor gains access to the key, he can access the signature.

If I’m transferred to another post or department in my job, will my Digital Signature change as well? Why?

Yes, it will.

If the owner of DSC is transferred to another post, and the proceedings require for it, his/her existing certificate will be revoked and new one will be issued. Even if the same key is used, the digital signature generated is different each time.

What is the cost of acquiring a DSC?

The charges may vary as there are many entities issuing DSC and they have different charges.

How much time does it take to get the DSC issued?

The Certifying Authority may take three to seven days to issue your DSC.

What is the validity period of DSC?

The validity period of Digital Signature Certificate may vary from one to two years.

If I want to eFile on the MCA portal, what type of DSC do I need?

DSC of Class 2 and Class 3 is required to eFile on MCA portal.

Can I have two Digital Signatures; one for official use and the other for personal use?

Yes, you can.

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Shop Act License Registration

Vision Consultancy is one of the reliable consultancy firm engaged in the business of providing a wide range of services such as Shop Act License Registration to various clients.

Shop and Establishment Act is one of the most important State Government regulations which governs the functioning of businesses engaged within its Jurisdiction. The Shop and Establishment license is a primary proof of existence of business in a specified jurisdiction.

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Wrong Assessee code does not invalidate payment: HC

In the case of Devang Paper Mills Pvt Ltd Vs UOI, it was held that merely mentioning wrong code in the process cannot result into such harsh consequence of the entire payment not being recognized as valid, incurring further liability of repayment of the basic duty with interest and penalties.

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Furnishing of PAN and its Verification

Requirement of PAN to be obtained from parties and responsibility of furnishing of correct PAN is also lies with Your Company, so verify the PAN from available sources. Moreover details to be obtained under form 60 are required to be filled truly and correctly, further all the particulars of the same are required to be verified to the satisfaction of the concerned person.

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