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Showing posts from May, 2022

What Is Digital Signature Certificate - Types of Digital Signature Certificate (DSC)

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  A Digital Signature Certificate (DSC) is an electronic signature used to identify an individual or an organization on the Internet. It is a secure way to identify the sender of a message or document. The digital signature is used to make sure that the document is real and that the certificate holder is who they say they are. A Digital Signature Certification (DSC) is also used to make sure those online transactions, such as filling out the annual return, company or LLP Incorporation, and income tax e-filing, are legally verified. Type of Digital Signature Certificates (DSC) The digital signature is made by a licensed certifying authority (CA) under Section 24 of the government of India. A digital signature certificate is used domestic and foreign companies. There are three main types of digital signature certificates (DSC) that are given out by the certifying authority (CA).   Digital Signature Certificates are used for many different things. Each class of digital ...

Types of Income Tax Assessments under the Income Tax Act

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  What is Income Tax Assessment? Income tax assessment is the procedure of checking the information given by the assessee while filing an income tax return . Every person and company must file an income tax return at the end of every financial year by calculating income and tax due. Tax experts will do income tax assessments after the filing of income tax returns. This blog highlights the different types of Income Tax Assessments in detail. Types of Income Tax Assessments There are many types of income tax assessments under the Income Tax Act such as: 1. Self-assessment- Section 140A The first type of income tax assessment is Self-assessment. In this assessment, the assessee calculates tax himself by including the due payment. Tax payable is calculated after adding TDS and deducting advance tax paid. The amount that you get after this work is the tax payable under section 139, section 142, and section 148. Self-assessment is generally done by small firms or owners of ...

How to Get an Import-Export Code (IEC Code) in Bangalore

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  An Import Export Code (IEC) is a 10-digit unique code. This code is issued by the Director General of Foreign Trade to businesses that are engaged in exporting goods from India. The export code is used by the Department of Commerce to track the export performance of businesses. The export code is also used to determine the export entitlement of businesses.  How to apply for Import Export Code in Bangalore? How long will it take to get IEC? The process of getting an import export code registration in Bangalore is fairly simple. You can apply for an IEC online on the Directorate General of Foreign Trade (DGFT) website. You will need to give us your business information and send us scanned copies of your business and ID proof. Once your application is approved, you will receive an IEC number. The entire process usually takes around 5-7 working days. Documents required for IEC Code Registration in Bangalore To apply for an IEC Code registration in Bangalore , you need...