What
is Form 16?
If you are salaried employee in an organization, then you will get the
salary after deducting tax by the employer. This process is called as Tax
Deduction at Source (TDS). Every company has to get the TIN. TIN is Tax
Identification Number. This number is issued to a person who is responsible
to deduct Tax on payments made to employees.
For example, if you have worked in two different companies in the same
financial year, you must obtain the two Form 16 to file the IT returns. Form
16 is Certificate of deduction of tax at source under section 203 of the
Income Tax Act, 1961. Employers provide TDS certificate to the employees on
Form 16.
What is Form 16A?
The purpose of the Form 16 and 16A is the same except the issuing person.
Form 16 is applicable only to the salaried employee. There are many other
areas where TDS can be applicable like deducting the tax for interest earned
by your Fixed Deposit in the Bank. Here bank is the person who deducts the
tax. For every financial year they must issue a TDS certificate to the
customer. They have to fill the Form 16A and hand over to the customer.
Our portal eForm16, offers a highly advanced software application online
where all the employer’s need to key in the basic information.
Companies can attach the data in an excel sheet format. In addition to the
employee’s details, it will also have fundamental information about the
employer. The software would read, compute and then generate the Form 16.
This is then digitally signed and sent to the employees with a copy marked
to the employer. Saving time and resources, this helps you delegate without
having to worry about efficiency. Our team of professional and experienced
chartered accountants have put their efforts in simplifying this task and
saving your valuable time.
Permanent
Account Number (PAN) refers to a ten-digit alphanumeric number, issued
in the form of a laminated card, by the Income Tax Department in India. It
is a must to have a PAN number for all those who file their income tax
returns, because from 2005 onwards, it has been made mandatory by the Income
Tax Department to quote the PAN on return of income as well as on all
correspondence with any income tax authority in the country.
Also, it is now compulsory to quote PAN in all documents pertaining to
financial transactions notified from time to time by the Central Board of
Direct Taxes, such as sale and purchase of immovable property or motor
vehicle or payments in cash, of amounts exceeding a certain limit to hotels
and restaurants, or in connection with travel to any foreign country. It is
also mandatory to mention PAN for obtaining a telephone or cellular
telephone connection.
Our portal pancardforms is an endeavor to simplify the PAN application
process. Be it an individual, HUF, Firm, AOP or Company, all one has to do
is fill the requisite data on the online form, take a print out of the
filled form, attach photo with ID Proof and Address Proof and send it to
NSDL or UTI for processing. The printed form leaves very little room for
inaccuracies, thus solving further difficulties
Digital
Certificates
Digital Certificates tailored to address various needs of the market are
used for the purposes like secure authentication, signing documents or
transactions, etc. Digitally signed documents or transactions have legal
validity in any Indian court of law as per the Indian IT Act 2000, provided
they have been signed via a Digital Signature Certificate issued by a
licensed Certifying Authority in India.
Virtual malls, electronic banking, and other electronic services are
becoming more commonplace, offering the convenience and flexibility of
round-the-clock service direct from your home. However, your concerns about
privacy and security might be preventing you from taking advantage of this
new medium for your personal business. Encryption alone is not enough, as it
provides no proof of the identity of the sender of the encrypted
information. Without special safeguards, you are at risk of being
impersonated online. Digital Certificates address this problem, providing an
electronic means of verifying someone's identity. Used in conjunction with
encryption, Digital Certificates provide a more complete security solution,
assuring the identity of all parties involved in a transaction.
Different type of Digital certificates are :
Class II certificate
Chartered Accountant /Company Secretary /Individuals for signing e-returns;
Filing of e-TDS returns . This certificate is used by
Chartered Accountant, Company Secretary & Advocates.
Banks & Financial Institutions.
Employers (Companies can directly file returns for their
employees).
Individuals To furnish their return of income as per the
Notification from Central Board of Direct Taxes (CBDT).
Benefits of Filing e-Returns
Ease of filing returns / e-TDS returns.
Immediate Feedback, from the system for incorrect
transmission of data.
Reduces time for correction and resubmission hassles.
Provisional system generated confirmation receipt.
The e-Return/ e-TDS returns shall be processed on priority
basis.
Class 2 Certificate (Safe Exim)
Safe Exim Digital Certificate is exclusively by the EXIM community of
India. Organizations / people who have obtained a valid IEC can obtain safe
Exim digital Certificate. It is mandatory to have Safe Exim Digital
Signature to be able to communicate with DGFT online. Safe Exim Digital
Signature gives them irrefutable identity, confidentiality of communication,
ease of operations and faster processes in obtaining licenses from DGFT.
RCAI Class 3 Certificate - Standard : This can be used by
Individuals for signing of documents or electronic transcations.
RCAI Class 3 Certificates – With Org Name : This can be used by
Individuals for signing of documents or electronic transcations.
SSL Digital Certificates
SSL certificates are used to Secure your Web site and get strong internet
security, authenticate online business and encrypt sensitive data.
The Secure Sockets Layer protects data transferred over http using
encryption enabled by a server's SSL Certificate. An SSL Certificate
contains a public key and a private key. A public key is used to encrypt
information and a private key is used to decipher it. When a browser points
to a secured domain, an SSL handshake authenticates the server and the
client and establishes an encryption method and a unique session. key.
To protect against any fraud and phishing sites, Web visitor looks for
evidence of encryption and third-party authentication of the Web site’s
business identity.
SBA
Group has worked hard on providing simple and easy solutions through various
brilliant and unique features.
The firm foundations and a vision to soar, the SBA group looks forward to
the future with an ambitious diversification and growth of the services it
offers.
The services we offer are need based and, our goal is to reach the people.
The gambit of services we offer are inter-linked and the database
accumulated would be of the widest resource. Furthermore, Digital Signatures
would imperatively be of a lot of importance with net banking and
Depositories, to avoid frauds.
We are creating an environment for the salaried and business community on a
single platform with one login.
