A Digital Signature is the equivalent of a physical signature in electronic format, as it establishes the identity of the sender of an electronic document in the Internet. Digital Signatures are used in India for online transactions such as Income Tax E-Filing, Company or LLP Incorporation, Filing Annual Return, E-Tenders, etc.
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Class 2 DSC: This is generally used for filing documents with Income Tax department, Registrar of Companies and VAT, etc.
Class 3 DSC: This is required for e-tendering, which is a procurement process that is conducted online.
DGFT - DSC: DGFT Digital Signature Certificate is required by Importer and Exporter and used at the department of Directorate General of Foreign Trade (DGFT).
Class 2 Digital Signature Certificate is mainly used for e-filing on MCA21 (for ROC) and Income Tax online portals. Other uses include signing a pdf, word or excel file, sign e-mail sent through Outlook etc.
A digital signature is issued by a Certification Authority (CA) and is signed with the CA's private key.
A digital signature typically contains the: Owner's public key, the Owner's name, Expiration date of the public key, the Name of the issuer (the CA that issued the Digital ID), Serial number of the digital signature, and the digital signature of the issuer.
A Digital Signature Certificate (DSC) is normally valid for 1 or 2 years, after which renewal is required.
The Ministry of Corporate Affairs (MCA) under the MCA21 program, has made e-filing (online filing) with Digital Signature mandatory. Class 2 Digital Signature (RCAI Class 2) is the minimum standard DSC required for e-filing on the MCA21 portal.
e-Filing with Pan Encrypted Digital Signature Certificate on the Income Tax e-Filing portal has been made mandatory with effect form 1st July 2011 for Firms and Individuals whose accounts are required to be audited u/s 44 AB of the Income Tax Act' 1961. If filing is done electronically using digital signature, there is no need to submit a physical copy of the return. Else a physical printed copy of the filled up Form along with the copy of the Provisional Acknowledgement Number of your e-Return has to be submitted.
Yes, Class 2 Digital Signature is compulsory for Applying for Director Identification Number.
Class 2 Digital Signature Certificate is used for online submission of transfer claims by Members. Now a member has an option to submit their claim either through present employer or the previous one. Members can see all such claim requests with ease, verify/correct member details, approve and submit the requests online through this portal. Online submission of claims can be done only with the Digital Signature of the Authorized person of the organization.
Class 2 Digital Signature Certificate is used for online registration with TRACES and signing Form 16A for TDS purposes.
Class 2 or Class 3 Digital Signatures can be used for SEZ Online system users to submit all applications, customs transactions & compliance reports via electronic forms.
Class 2 Digital Signature Certificate is used by individuals and is available for download after verification based on a trusted and pre-verified database. A Class 3 Digital Signature Certificate, on the other hand, is of the highest level as it is issued only after the registrants identity verification has been carried out by a Registration Authority.
Class 2 Digital Signature Certificates are generally used for filing documents Income Tax, Registrar of Companies and VAT, whereas Class 3 Digital Signature Certificates are needed for e-tendering, which is a procurement process that is conducted online.
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