Question 1

What is a Digital Signature Certificate (DSC)?

Accepted Answer

A DSC is an electronic signature used to securely sign documents and complete online filings.

Question 2

A DSC is an electronic signature used to securely sign documents and complete online filings.

Accepted Answer

Yes, it is required for various filings such as MCA forms, GST returns, and income tax submissions.

Question 3

How long is a DSC valid?

Accepted Answer

Typically valid for 1–2 years, depending on the type selected.

Question 4

What is Class 3 DSC?

Accepted Answer

Class 3 DSC is the highest level of digital signature used for secure and high-value transactions.

Question 5

Can DSC be renewed?

Accepted Answer

Yes, DSC can be renewed before or after expiry to ensure continuous usage.

Question 6

What is a trade license?

Accepted Answer

A trade license is a permit issued by a local authority allowing a business to operate at a specific location.

Question 7

Is trade license mandatory?

Accepted Answer

Trade licenses are issued by municipal authorities in urban areas and gram panchayat or rural authorities in rural areas.

Question 8

Who issues trade licenses?

Accepted Answer

Trade licenses are issued by municipal authorities in urban areas and gram panchayat or rural authorities in rural areas.

Question 9

How long is a trade license valid?

Accepted Answer

Typically valid for one year and must be renewed annually.

Question 10

What happens if I operate without a trade license?

Accepted Answer

You may face penalties, legal action, or closure of your business.

Question 11

Is the trade license process online?

Accepted Answer

The trade license process depends on your business location:

Urban Areas (Municipal Authorities):
In most cities, the process is online or partially online, allowing you to submit applications, upload documents, and pay fees digitally.
Rural Areas (Gram Panchayat / Local Authorities):
The process is usually offline or semi-online, requiring physical submission of documents and in-person follow-ups.

Question 12

What is Professional Tax?

Accepted Answer

Professional Tax is a state-level tax levied on income earned by professionals, employees, and businesses.

Question 13

What is the difference between PTRC and PTEC?

Accepted Answer

PTRC is for employers to deduct tax from employees, while PTEC is for individuals/professionals to pay tax directly.

Question 14

Is Professional Tax registration mandatory?

Accepted Answer

Yes, if applicable as per state laws.

Question 15

Is professional tax mandatory?

Accepted Answer

Yes, where applicable under state laws.

Question 16

Do all states have Professional Tax?

Accepted Answer

No, only certain states levy Professional Tax.

Question 17

What happens if Professional Tax is not paid?

Accepted Answer

Penalties, interest, and legal action may apply.

Licenses & Registrations

Digital Signature (DSC)

Trade License

Professional Tax Registration & Enrolment

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