Tuesday, March 6, 2012

Tax Return Preparer -New Career Opportunity for Graduates

Tax Return Preparer -New Career Opportunity for Graduates

The Income Tax Department, in partnership with NIIT, brings an opportunity for the unemployed/partially employed graduates to become self-employed professionals through first-of-its-kind initiative called Tax Return Preparer Scheme (TRPS).

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It offers training to 5000 graduates across the country at the state of the art NIIT centres.

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The cost of training will be borne by the Income Tax Department.

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Graduates who complete the training successfully will be issued a certificate and a unique identification number which will authorize them under the Income Tax Act, 1961 to work as self employed Tax Return Preparers. The scheme authorizes the self-employed Tax Return Preparers to prepare and file the tax-returns of small and marginal individual and HUF tax payers. So, avail the opportunity to be a proud professional, work from your home town and help your people.

Government Support to TRPs (Tax Return Preparers)

The government will assist the TRPs through:
1. Arranging for their training by NIIT.
2. Post training, web-based advanced learning to upgrade their skills.
3. 24/7 Helpdesk to clarify TRPs' doubts pertaining to their work.
4. Monitoring and coordinating their activities and providing logistical support through a Resource Centre.

Eligibility Criteria for Tax Resturn Preparer

1. Qualification:- Candidates should possess a bachelor's degree from a recognized university in any of the following subjects: -

* 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)

2. Age:
Candidates between the age of twenty-one (21) and thirty-five (35) years as on 01/10/2006, shall be eligible to apply.

Procedure to become a Tax Returns Preparer

1. Detailed information about the scheme can be viewed from website.

2. Application form can be filled from this website or collected from local NIIT centres.

3. Application forms would also be published in various newspapers.

4. Candidates are required to enclose a demand draft of Rupees One Hundred (Rs 100/-) in favour of "NIIT Limited-TRPSCHEME" A/c. along with the application form.

5. Training of 5,000 candidates will be carried out at 100 centres across the country.

6. Selection of the candidates for the training shall be made for each centre separately.

7. A maximum of 500 candidates per centre shall be short listed out of the applications received on the basis of the marks obtained in the bachelor's examination. Only short listed candidates will be called for enrolment test.

8. An applicant is allowed to apply for 3 centres, clearly indicating the centre preferences in the application form. Selection will be made centre wise.

9. In case a candidate is short listed at more than one training centre for enrolment test, s/he would be allotted the training centre according to her/his order of preference filled in the application form.

10. The result of the enrolment test shall be posted on this website.

11. Successful candidates will make a security deposit of Rupees One Thousand (Rs 1000/-) with NIIT. This deposit will be refunded only on successful completion of training.

12. The successful candidates will go through a rigorous training program, including web based and classroom based training program. Study material will be provided to the successful candidates. After the training Program, the candidates will go through an assessment examination and will be certified as 'Tax Return Preparers'. They will also get subsequent help through a web based Knowledge Portal and help desk to file returns.

13. The scheme only offers free training to the candidates. Arrangement for stay and transportation has to be made by the candidates themselves.

Remuneration for Tax Return Preparers

Tax Return Preparers (TRPs) will receive 3% of the tax paid on the returns prepared & filed for every new assessee in the 1st year, 2% in the second year and 1% in the third year and Rs. 250 for the returns prepared & filed for the old assessees.


Tax Return Preparer's Training by NIIT

  • Training of candidates would be provided by NIIT, which is known for its pioneering work in web based and classroom training in 42 countries in the world.
  • Training by NIIT at all the 100 centres will ensure a standardised training delivery in term of instructors, course content and infrastructure facilities.
  • NIIT has also tied up with Taxmann, a pioneer in the field of Tax education for developing the course material and CDs for all candidates enrolling for the training.
  • Post Certification as Tax Return Preparers, NIIT will continuously upgrade skills and knowledge of Tax Return Preparers through a web based portal.

via successcds.net

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