Income Tax Return Filing-Do you know TRPS (Tax Return Preparer Scheme)?

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Once again it is the beginning of tax filing season and for few it is yearly headache. So to make your life easy, Income Tax Department have scheme set up called TRPS (Tax Return preparer Scheme). TRP (Tax Return Preparer) is trained professional from Income Tax Department. He will assist you in filing your return by visiting your doorstep with marginal fees of around Rs.250 !!!

TRPS_Income Tax

This was the service launched by Income Tax Department to assist individuals in filing their return at effective hassle free manner.

So who are TRP (Tax Return Preparer)?

They are the professionally trained individuals by Income Tax Department who can come to your doorstep and assist you in filing your income tax return. This scheme is basically launched to help small and marginal tax payers.

How to find TRP of your area?

Visit the TRPS site by clicking HERE, then select your state, city or pin code. Result will give you the TRP available in your area with his/her TRP ID and Mobile No.

How much they charge? 

TRPs will get remuneration directly from Income Tax Department based on the amount of tax you are paying. TRPs will receive 3% of the tax paid on the returns prepared and filed for every new assessee in the first year (subject to the maximum of Rs.1,000), 2% for second year and 1% for 3rd year. From fourth year onward it is Rs.250.

Now let us say your tax payment will not reimburse him the desired minimum Rs.250 then he may charge you directly. But do remember that the maximum limit of charging you directly is Rs.250 only.

What is their qualification?

They are from below mentioned qualification to be eligible for TRPs.

  • Law (LLB)
  • Economics (B.A./B.Sc.)
  • Statistics (B.A./B.Sc.)
  • Mathematics (B.A./B.Sc.)
  • Commerce (B.Com.)
  • Management/Business Administration (BBA/BBM)

They will be trained by NIIT in filing tax return and rules.

What are duties of TRPs?

  • Prepare the return with due diligence
  • Affix the signature on the return prepared by him
  • Furnish the return with Assessing Officer
  • Handover the copy to the person whose return he prepared
  • Retain a copy of acknowledgement with them
  • They maintain the records of the returns filed under them
  • They pass the filed return information to resource

So the advantages are they are professionally trained, charges are nil to maximum of Rs.250 and they will come to your doorstep to assist you. Hence avail their service even if they demand for marginal fee while compare to other professionals. Hope this information will be helpful for you.

Let me know some sharing from readers who availed the service of TRP and their efficiency.

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