Who is a TRP or Tax Return Preparer?

Tax preparation can be a means to make money and Govt of India has provided you an opportunity to become a TRP or Tax Return Preparer.

Who is a TRP?

The TRPs will be authorized to prepare Income Tax Returns for individual and HUF taxpayers. The Tax Return Preparer Scheme [see Notification Number S.O. 2039(E) dated 28th November 2006 as amended vide Notification Number 84/2010 dated 22nd November 2010 on www.trpscheme(dot)com] was launched by the Income Tax Department during the year 2006-07. 

Candidates from batch I and II who clear the assessment, will be issued a Certificate and a Unique Identification Number which will authorize them under the Income-Tax Act, 1961 to:

• Prepare and file Returns of individual and HUF taxpayers
• Prepare and file quarterly TDS statements
• Register as e-Return Intermediaries

Notification No. 84/2010 dated 22-11-2010 has withdrawn the restriction on salaried employees to act as Tax Return Prepare. After the amendment a salaried employee can also act as Tax Return Prepare, however, the following persons cannot act as Tax Return Preparer:

(i) Any officer of a Scheduled Bank with which the assessee maintains a current account 

or has other regular dealings. 

(ii) A legal practitioner who is entitled to practice in any civil court in India. 

(iii) A chartered accountant 

If a Tax Rerun Preparer holds any of the above qualification after being qualified a Tax 

Return Prepare, he shall not be entitled to act as a Tax Return Prepare. 

You can read all about taxation opportunities in India and make extra money for your family in your spare time.