Organisation : Income Tax Department
Facility :Tax Return Preparer Scheme
Home Page :http://trpscheme.com/default.aspx
Tax Return Preparer Scheme :
Tax Return Preparer Scheme seeks to assist small and marginal taxpayers in preparing and filing their tax returns by creating a legion of ‘Tax Return Preparers’ (TRPs). It was conceptualized by the Income Tax Department (ITD) and launched in 2006-07.
Related : Income Tax Department 2015-16 Tax Rates : www.statusin.in/9728.html
Procedure to Become a TRP
The Tax Return Preparer Scheme, was conceptualized by the Income Tax Department (ITD) and launched in 2006-07. Applications for the TRP trainings are advertized in the leading newspapers by the Tax Department, on a periodic basis.
** Detailed Information can be viewed from “About TRPS” link on this website.
** Scheme is announced by the department at regular intervals (Approximately, once in two years).
** Once the scheme is announced, application form can be filled from this website or designated NIIT centres.
** Application forms would also be published in various newspapers.
** Candidates are required to enclose a demand draft of Rupees One Hundred (Rs 100/-) in favour of “NIIT Limited-TRPSCHEME” A/c. along with the application form.
** Training of 5,000 candidates will be carried out at 120 centres across the country. (Numbers may vary as per scheme announcement)
** Selection of the candidates for the training shall be made for each centre separately.
** A maximum of 500 candidates per centre shall be short listed out of the applications received on the basis of the marks obtained in the bachelor’s examination. Only short listed candidates will be called for enrolment test.
** An applicant is allowed to apply for 3 centres, clearly indicating the centre preferences in the application form. Selection will be made centre wise.\
Eligibility Criteria :
Qualification :
Candidates should possess a bachelor’s degree from a recognized university in any of the following subjects :
** Law (LLB)
** Economics (B.A. / B.Sc.)
** Statistics (B.A. / B.Sc.)
** Mathematics (B.A. / B.Sc.)
** Commerce (B.Com.)
** Management/ Business Administration (BBA / BBM)
Age :
Candidates between the age of twenty-one (21) and thirty-five (35) years shall be eligible to apply.
Role of TRPs
** An eligible person may, at his option, furnish his return of income under section 139 of the Act for any assessment year after getting it prepared through a Tax Return Preparer :
** Provided that the return of income for an assessment year shall not be prepared and furnished through a Tax Return Preparer, if :
** An eligible person is carrying out business or profession during the previous year relevant to such assessment year and accounts of the business or profession for that previous year are required to be audited under section 44AB of the Act or under any other law for the time being in force;