Amendment in Eligibility Qualification, Age,
Fee and Remuneration for Tax Return Preparer (TRP)
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 19th January, 2018
G.S.R. 44(E). In exercise of the powers
conferred by sub-section (1) of Section 139B of the
Income-tax Act, 1961
(43 of 1961), the Central Board of Direct Taxes hereby
makes the
following further amendments in the Tax Return Preparer
Scheme, 2006,
namely:-
Short title, commencement and application.
1. (1) This Scheme may be called the Tax Return
Preparer (Amendment) Scheme, 2018.
(2) It shall come into force from the date of its
publication in the Official Gazette.
2. In the Tax Return Preparer Scheme,
2006 (hereinafter referred to as the said Scheme), for
paragraph 3, the
following paragraph shall be substituted, namely:-
"3. An individual, who holds a bachelor
degree from a recognised Indian University or
institution, or has passed
the intermediate level examination conducted by the
Institute of
Chartered Accountants of India or the Institute of
Company Secretaries
of India or the Institute of Certified Management
Accountants of India,
shall be eligible to act as Tax Return Preparer".
3. In the said Scheme, in paragraph 4,
(1) for clause (i), the following clauses shall be
substituted, namely:-
"(i) It shall invite application from persons,-
(a) having requisite educational
qualifications specified in paragraph 3 or having
appeared in the final
year examination of the qualifying examination;
and
(b) who is not below the age of twenty
one years or more than forty-five years as on the 1st
day of October of
the year immediately preceding the date on which
applications are
invited.
(ia) It shall require that the
application under clause (i) shall be accompanied by a
fee of two
hundred and fifty rupees, and failing which the
application shall be
invalid.".
(2) for clause (v), the following clauses shall be
substituted, namely
"(v) It shall enrol the persons who qualify the test
for enrolment for each training centre
separately.
(va) It shall not enrol any person under clause (v),
unless -
(a) he makes a deposit of an amount of seven hundred
and fifty rupees, which shall be nonrefundable;
and
(b) he produces a proof of having passed the qualifying
examination as specified in paragraph 3".
(3) clause (ix) shall be omitted.".
4. In the said Scheme, in paragraph 9, for sub-
paragraph (1), the following sub-paragraphs shall be
substituted,
namely:-
"(1) The Board may authorise the
Resource Centre or the Partner Organisation to disburse
to a Tax Return
preparer, the following amount, namely:-
(a) five per cent. of the tax paid on
the income declared in the return of income for First
Eligible
Assessment Year which has been prepared and furnished
by him;
(b) three per cent. of the tax paid on
the income declared in the return of income for the
Second Eligible
Assessment Year which has been prepared and furnished
by him;
(c) two per cent. of the tax paid on the
income declared in the return of income for the Third
Eligible
Assessment Year which has been prepared and furnished
by him.
(1A) The amount of disbursement for any eligible person
in relation to an eligible year shall not exceed,-
(a) five thousand rupees in case of First Eligible
Assessment Year;
(b) three thousand rupees in case of Second Eligible
Assessment Year; and
(c) two thousand rupees in case of Third Eligible
Assessment Year.".
[Notification No. 04/2018/F.No. 142/16/2010 (SO)-TPL
(Part)]
Dr T.S.MAPWAL, Under Secy.
Note : The Tax Return Preparer Scheme,
2006 was published in the Gazette of India,
Extraordinary, Part II,
Section 3, Sub-section (ii), vide notification number
S.O. 2039(E),
dated the 28th November, 2006 and last amended vide
notification number
S.O. 2819(E), dated the 22nd November, 2010.
Authority: http://www.incometaxindia.gov.in/
Original Link:
Click here
