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What is the income of TRP?

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What is the income of TRP?

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.

How do I find my TRP?

There are four ways to find a TRP:

  1. Get contact details of TRP by using the “Locate a TRP” link on the Official TRPS website.
  2. Register yourself for a home visit by a Tax Return Preparer using the TRPS website.
  3. Call the helpline at 1800-10-23738 to get assistance from a TRP.

What is the TRP number?

TRP ID is a unique identification number provided to tax return preparer who qualifies in the examination conducted at the end of training and they will be eligible to work as a Tax Return Preparers TRPs. They are required to quote TRP ID allotted to them while filing return of income of the Individual or HUF.

Who can not be a tax return preparer?

Income Tax Returns – Filing by Tax Return Preparers However, Tax Return Preparers are not allowed to prepare income tax returns of persons carrying on business or profession whose accounts are required to be audited under section 44AB of the Income Tax Act.

How do I become a TRP?

Avail Services of a TRP

  1. Step 1: Visit the official website for the Tax Return Preparer Scheme (TRPS).
  2. Step 2: Click on the Register for Home Visit on the right side of the page.
  3. Step 3: The following fields on the next page must be completed precisely.
  4. Step 4: Complete the captcha and check the boxes below the form.

What is TRP E filing?

Tax Return Preparer’s List Login as TRP.

Who can become income tax practitioner?

(1) Any person who wishes to have his name entered as an authorized income-tax practitioner in the register shall apply to the [Chief Commissioner or Commissioner] within whose area of jurisdiction he has been practicing.

Who can file income tax return?

Who is eligible for income tax return? While any one having a valid PAN is eligible to file IT return even if their income is below exemption limit, it is mandatory for companies and firms to file ITR. Individuals whose taxable income exceeds the maximum amount not chargeable to tax are eligible for income tax return.

How can I become a tax consultant in India?

How to become a tax consultant

  1. Research the industry and career.
  2. Earn a bachelor’s degree.
  3. Research your state CPA requirements.
  4. Apply for an internship.
  5. Take the CPA exam and apply for a license.
  6. Apply for a job as a tax consultant.

How do I become a tax filer?

HOW TO BE COME A FILER​

  1. Step 1: Obtain an NTN Number. In order to become a filer and included in the active taxpayers list (ATL), a person needs to know if they already have an NTN or not.
  2. Step 2: Registration for Unregistered Person.
  3. Step 3: Form Filling.
  4. Step 4: E-Enrollment for Registered Person.

Who is TRP in income tax?

Tax Return Preparer
A TRP is a Tax Return Preparer who is a professional trained by the Income Tax Department to assist taxpayers with regards to filing their returns by offering his services in the comfort of their own home.