TaxTMI 
TaxTMI 
Tax Return Preparer Scheme notified from Dec 1, 2006
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....divided Family; (d) "Partner Organisation" means an organisation or agency selected by the Board and with whom an agreement has been entered into by the Board or the Resource Centre authorising it to act as Partner Organisation under this Scheme; (e) "Resource Centre" means the Directorate of Income Tax constituted by the Board to act as the Resource Centre under this Scheme; (f) "Tax Return Preparer" means any individual who has been issued a "Tax Return Preparer Certificate" and a "unique identification number" under clause (viii) of paragraph 4 of this Scheme by the Partner Organisation to carry on the profession of preparing the returns of income in accordance with the provisions of this Scheme: Provided that a person being a person- (i) referred to in clause (ii) or clause (iii) or clause (iv) of sub-section (2) of section 288; or (ii) who is in employment and income from which is chargeable to income-tax under the head "salaries"shall not be entitled to act as "Tax Return Preparer" (g) Words and expressions used herein but not defined and defined in the Act shall have the meanings respectively assigned to them in ....
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....n) received from the person declared as successful in the examination so conducted. Preparation of and furnishing the Return of Income by the Tax Return Preparer, 5. (1) 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- (i) 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; or (ii) eligible person is not resident in India during the previous year relevant to such assessment year: Provided further that an eligible person shall not furnish a revised return of income under sub- section (5) of section 139 of the Act for any assessment year through a Tax Return Preparer unless he has furnished the original return of income for that assessment year through such or any ot....
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.... (d) date of furnishing the return; (e) acknowledgment number; (f) jurisdiction of the Assessing Officer; (g) amount of income declared in the return; (h) amount of tax payable; (i) amount of tax paid; (j) the amount disbursable to him under sub-paragraph (1) of paragraph 9 of this Scheme for any eligible assessment year mentioned therein; (k) the fee charged and received by him under sub-paragraph (2) of paragraph 9 of this Scheme; (vii) furnish a statement of particulars mentioned in item (vi) for every month on or before the seventh day of the immediately following month to the Resource Centre. Selection and responsibilities of the Partner Organisation. 8. (1) The Board shall select a Partner Organisation to partner with the Resource Centre in the smooth implementation of the Scheme. (2) The Partner Organisation shall function under the overall guidance and control of the Resource Centre and follow the instructions issued to it by the Resource Centre from time to time about implementation of the scheme. (3) The Partner Organisation shall be responsible to carry out the activities which it is req....
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....e for that assessment year: Provided that no fee shall be charged from the eligible person for preparing and furnishing the return for any eligible assessment year if the amount disbursable under sub-paragraph (1) for that eligible assessment year exceeds two hundred and fifty rupees: Provided further that in a case where for preparing and furnishing the return of income for an eligible assessment year, the amount disbursable under sub-paragraph (1) does not exceed two hundred and fifty rupees, the Tax Return Preparer shall charge from the eligible person for that eligible assessment year a fee of the amount by which the amount of two hundred and fifty rupees exceeds the amount disbursable under sub-paragraph (1). (3) The disbursement due to a Tax Return Preparer under sub-paragraph (1) shall be made after processing the return under sub-section (1) of section 143. (4) The Board may alter or omit the provisions relating to disbursement under sub-paragraph (1) at any time without any prior notice. Explanation:- For the purposes of this paragraph- (i) in relation to an eligible person- (a) "First Eligible Assessment Year" means any assessment year if the el....