About Trade License

Trade License/ online trade licence is basically a certification provided by the local body. The Trade License Department is the authorized department by the municipal corporations which issues licenses in consultation with other specialized consultative departments like Fire Brigade, Health, Engineering, Estate and others of same type. A trade license is a document/certificate that gives the permission to the applicant to commence a particular trade or business in a particular area/location. It has been made necessary by the government to carry out any particular business or trade in a particular area and to ensure that no one is carrying out any unethical business practices.

Why Trade License?

• Public Welfareby obtaining Trade License your organisation comes under purview of government and ensures that citizen are not affecting by trade. It helps in increasing your credibility in market and provide your organisation a legal validity. We at LegalPillers having expertise in trade license online/ renew trade license online.

• RegulationOnline trade licence is a medium to ensure that the business is being carried in accordance with the relevant rules & safety guidelines. Online trade licence helps you in maintaining your organisation law complaint.

• Legality-After getting Tax Exemptions you will be eligible to get Tax holiday for 3 years u/s 80IAC and U/s 56 relief for Angel Tax relief (Tax on Share Premium).After getting online trade licence nd other required license as per requirement, no one claim that you does not possess requisite license.

Documents required for online trade licence

Having online trade licence or trade license online renewal is important for business. Here are list of documents and information required for trade license online renewal or trade license application form online-

• Cancelled Cheque and bank statement of the establishment.

• COI, MOA, AOA, if company.

• Sale Deed, Electricity Bill/water bill and NOC from owner of premise.

• Photo, PAN Card and ID and Address Proof of all Directors or individual.

• Photo, Pan card and ID and Address Proof of all Directors or individual.

• Photo of the establishment with goods in premises.

• Site/Key Plan Showing the area.