Please help!

This query is : Resolved

Guest

Guest (Querist)

25 January 2013 We have a cloth business and a house both of which is registered at my fathers name.

my fathers cousin has been filing our business income tax return from many years.

recently i have discovered that he has made digital signature of of father for the purpose of filing return.

Neither my fater nor i knows what this is to which he says it is compulsory to get digital signature.

all the password and everything of digital signature my father cousin has it.

WHAT IS THIS DIGITAL SIGNATURE ??
AND CAN HE MISUSE THIS DIGITAL SIGNATURE TO TRANSFER MY FATHERS HOUSE PROPERTY AND BUSINESS IN HIS OWN NAME?????????

PLZZZ HELP I AM IN DILEMMa as what to do...

CA Lokesh Pokharna

CA Lokesh Pokharna (Expert)
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25 January 2013 see digital signatures are now mandatory due to e filings, but you have to keep all with urself

CA Lokesh Pokharna

CA Lokesh Pokharna (Expert)
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25 January 2013
Like physical documents are signed manually, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate.

property cant be transferred.

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Pankaj Gupta

Pankaj Gupta (Expert)
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25 January 2013 Till date there are no provisions in india
which permit property to be transfered electronically. It has to be done physically through physical stamp papers. So dont worry for the property.
It is a signature which is used to sign the electronic documents. So it has same value that of your fathers physical signature. So you should keep it with you in safe hands. Moreover, the digital signature is required to file income tax return only in case if your firm is covered under audit.