The purpose of a digital signature is the same as your handwritten signature. Instead of using pen and paper, a digital signature uses digital keys (public-key cryptology). Like the pen and paper method, a digital signature attaches the identity of the signer to the document and records a binding commitment to the document. Compared to a handwritten signature, it is considered significantly more difficult to forge a digital signature, provided the keys used to create it are kept secure. 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., There are three types of Digital Signatures, Class I, Class II and Class III Digital Signature. Class I type of Digital Signatures are only used for securing email communication. Class II type of Digital Signatures are used for Company or LLP Incorporation, IT Return E-Filing, Obtaining DIN or DPIN, and filing other forms with the Ministry of Corporate Affairs and Income Tax Department. Class III type Digital Signatures are used mainly for E-Tendering and for participating in E-Auctions. Digital Signatures come in the form of a USB E-Token, wherein the Digital Signature Certificate is stored in a USB Drive and can be accessed through a computer to sign documents electronically.
With E-Return filing with digital signature becomes mandatory for Income Tax Assesses liable to audit, the requirement and prevalence of Digital Signatures has increased manifold. corpindeed.com can help you obtain your Digital Signature hassle-free online.