Tax Reurn Prepare

Tax queries 884 views 1 replies

All,

Let me Know how to became a Tax Return Preparer U/S 139 B (1) of IT Act 1961,

Where Should I get forms and to register. What are the Training Centre and How to apply, Whom I want to contact.

If any one knws the Details about this Please clarfiy me. It helps me for my Future

Advance Thanks and Regards

Prasad

Replies (1)

Tax Return Preparers Scheme

The Government has approved Tax Return Preparers Scheme to train

unemployed and partially employed persons to assist small and medium

taxpayers in preparing their returns of income. During the current financial

year the scheme is being launched, on a pilot basis, to train 5,000 TRPs at

100 centres in around 80 cities across the country. These 5,000 TRPs

would be certified by the second week of February 2007.

The scheme proposes to achieve the following objectives:

It will reduce the cost of compliance for small and marginal taxpayers

employed graduates all over the country.

The salient features of the scheme are given below:

It will provide self-employment opportunities to unemployed or partially

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and small businessmen, salaried employees, senior citizens,

and women having total income up to a specified amount.

Assistance in filing tax returns free of cost would be extended to selfemployed

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Preparers would be a graduation degree in Commerce, Law, Economics,

Mathematics, Statistics, and Management.

The minimum qualification for undergoing training as Tax Return

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the prospective Tax Return Preparers by the Income Tax Department

with the help of a training partner NIIT, using class- room training &

web-based teaching. The training will be preceded by a fifteen days self

study programme.

The training for 9 days with 8 hours sessions each would be imparted to

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costs would be borne by Government.

The cost of training, the cost of examination and all other associated

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A fees of Rs 100/- will be charged along with the application.

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before enrolment and the same shall be returned after successful

completion of training.

A refundable deposit of Rs 1000/- will be collected from the candidates

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Card bearing a unique identification number would be issued at the end

of each training programme. The unique identification number would be

used for monitoring the performance of the Tax Return Preparers,

issuing quality alerts and cancellation of certificates, if required.

A “Tax return Preparers Course Completion Certificate” and an Identity

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for the first year’s return of a new tax payer, 2% for the second year and

1% for the third year, on the returns prepared by tax returns preparers.

The Tax Return Preparers would be reimbursed 3% of the tax collected

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taxpayer Rs. 250 for return for every assessment year.

For preparing returns of existing tax payers, TRPs will collect from the

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However keeping in mind the convenience to the public, the local CCIT

may position them at places like the department’s Help Centres, post

offices, traders associations, schools, resident welfare associations,

community centres etc.

The tax return preparers would normally operate from their residence.

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media.

The scheme would be widely publicized through the electronic and print

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a Resource Centre.

The pilot scheme would be controlled, managed and coordinated by

thank u

and encourage them to comply with tax laws.


CCI Pro

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