How does a Tax Return Preparer help for Filing IT Return
What does a TRP do?
The Tax Return Preparer shall assist the persons furnishing the return in the specified manner.
Who can be a TRP?
A Tax Return Preparer can be an individual, excluding the following:
any officer of a scheduled bank with which the assessee maintains a current account or has other regular dealings.any legal practitioner who is entitled to practice in any civil court in India.a Chartered Accountantan employee of the specified class as defined in the Act.
How can we find a TRP?
For details, you can refer the site www.trpscheme.com
What does the TRP Scheme, 2006 provide?
How are modifications made in the scheme? Every Scheme framed by the CBDT under this section shall be laid before each House of Parliament while it is in session to make the same effective. If both the houses decide in making any modification of Scheme, then the Scheme will have effect only in such modified form. Similarly, if both the Houses decide that any Scheme should not be framed, then such Scheme will thereafter be of no effect. Accordingly, the CBDT has, in exercise of the powers conferred by this section, framed the TRP Scheme, 2006, which came into force from 1.12.2006. As per this scheme, Tax Return Preparer means any individual who has been issued a Tax Return Preparer Certificate and a Unique Identification Number by the Partner Organization to carry on the profession of preparing the returns of income in accordance with the provisions of this Scheme.
What did we learn so far?
Thus, Tax Return Preparers are the people who work as per the Tax Return Preparer Scheme, 2006 to assist an assessee in filing his or her return of income. The manner in which they can help an assessee is as specified in the Act. The TRP has to sign on the Return Form filed by him. Apart from this, there are several classes of people who are disallowed to act as a Tax Return Preparer as specified in the Tax Return Preparer Scheme.
