Categories: Tax Planning

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

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 !!!

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.

BasuNivesh

View Comments

  • We have come to know that the TRP Scheme has come with new selection procedure of TRPs.
    There will be more TRPs available in India.

    Some more information is made public, that the incentive is also increased for the TRPs.
    How can we get all the information.

    This has become a good avenue to get livelihood for many new TRPs.
    I also came to know that one TRP can get almost 15 Lacs per year, if he files returns for first time filers.

    Old persons who could not come in the merit list are also allowed to reappear again for the selection process.

    Can you get all the details??

  • Near Chennai, Vellore location IT TRP training centre and any eligibility test/ exam is there? I am BSc Chemistry Graduate, can I join and possible to qualify? Please guide him any consultant to qualify TRP for IT filing service to my location.

    • Babu-Call to toll-free number and take guidance. How can I now the training center of your locality?

  • I have qualified BSc Chemistry Graduate,I have interested to qualify the Income tax TRP ,is it possible for my above qualification alone, what is the next step to get TRP? Please reply sir

  • I have filled my IT return, but it is getting rejected for want of TRP details. It is not mandatory...then why..?

  • I have sent my returns to Jyoti Sudesh Chavan every time she says that she has sent the acknowledments but I have not received it now she is not answering my call can I be helped in this matter she is a trps such people shold not be getting any chance to get the licence to file the retuns

  • Sir,
    I'm govt employee. I've paid around 25000 rs of tax per year. Should I pay advance tax in 3 installments or self assessment tax on march? Thanks for your valuable reply..

      • Hello,

        I read an article which said that advance tax can be paid by any salaried individual or businessman whose tax liability is greater than 10000 INR in an year.is this the right statement

      • Thanks for your response sir,
        I'm going to pay IT through online. Last year it was deducted from my office. For FY 2015-2016 what should I mentioned in challan 280? (Self assessment tax?) Can I pay IT on March 2016? Or should I pay sept, Dec, march with mentioned self assessment tax? Kindly clarify my query

  • Dear Mr. Basu,

    I am filling ITR 4 for no accounts case & getting the error WARNING YOU HAVE FILLED BOTH BALANCE SHEET AND NO ACCOUNTS how can i file my return because XML not generated due to this error. Pls Help

    Amit

    • Use JAVA Utility instead of Excel Utility. Java utility is user friendly and simple. This error will not occur while generating XML but before validating & generating XML pls ensure that u have not filled any data in field provided for Balance Sheet only fill at item no.6 ( No account case) n leave item 1 to 5 blank .

  • My daughter is employed by a private company on retainer-ship basis at a monthly emolument of Rs.35,000/-. The company deducts 10% ITax at source. She fills for ITR4. She fills only the 'No Account case' columns in 'Part A BS' and 'Profit &Loss Sheets. Is she is required to have Balance Sheet and fill items 1 to 5 and items 1 to 52 on P&L sheet?

      • Thanks for your quick response. I have done the same, i.e. filled only 'no accounts' columns in both these pages. But, why am I getting a 'warning' msg when I 'validate' Part A-BS sheet?

        • Dasgupta-Yes, we are getting this message from this year onward. You file the return. If any issue then let them send the notice.

        • To add to the above the message reads 'Warning :: You have filled both Balance Sheet and No Accounts'

  • I am filing ITR2 form. In last sheet, Vlidate button pressing gives message to fill all valid fields. I have filled all fields except TRP no and name. I do not know any TRP fellow. It is not generating XML file. Please, advise and help.

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BasuNivesh
Tags: TRPS

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