Tax Return Preparer

Tax Return Pre­par­ers Scheme – What does it mean?

TRPs stand for “Tax Return Pre­par­ers Scheme” is a scheme launched by the Gov­ern­ment of India to train unem­ployed and par­tially employed per­sons to assist small and medium tax­pay­ers in prepar­ing their returns of income. Cost of the train­ing will be borne by the income tax depart­ment. Indi­vid­u­als who com­plete the train­ing suc­cess­fully will be issued a cer­tifi­cate and a unique iden­ti­fi­ca­tion num­ber which will autho­rize them under the Income Tax Act, 1961 to work as self employed Tax Return Preparers

Tax Return Pre­par­ers – Who are they

Tax Return Pre­par­ers (TRPs) are also called as “ quasi tax pro­fes­sion­als” are indi­vid­u­als cer­ti­fied by the Income Tax Depart­ment to act as Tax Return Pre­par­ers and assist var­i­ous peo­ple in fil­ing their IT Returns. TRPs can file income tax for individuals/HUFs whose accounts are not required to be audited ( called eli­gi­ble per­son). If the ‘eli­gi­ble per­son’ is not a res­i­dent in India dur­ing the pre­vi­ous year rel­e­vant to the assess­ment year, he/she can not avail of the ser­vices of a TRPs.

Fil­ing your return through Tax Return Pre­par­ers (TRPs) – Com­plete process

Before you decide to file your tax through TRPs check the following -

• Your eli­gi­bil­ity to file your returns by TRPs
• Pro­vide your con­sent to the TRPs that he/she will pre­pare tax returns for you
• Ver­ify the facts men­tioned in the return are true and cor­rect before you sign it
• Cer­tify the amount which has been paid to the Tax Return Pre­parer for prepar­ing and fur­nish­ing of the return of income

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