Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: TDS :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: cpt :: form 3cd :: list of goods taxed at 4% :: VAT Audit
 
 
« News Headlines »
 Govt to simplify income tax laws, sets up task force under taxman Arbind Modi to study overhaul
 Infosys to configure GST network for filing returns
 Save income tax through mutual fund investment. All you need to know
 Income tax returns (ITR): On sale of property, here is what you should know
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961

Free professional help for filing returns next year
November, 07th 2006

Self-employed individuals, women, senior citizens and Hindu undivided families (HUFs) whose income-tax returns do not have to be audited will be able to use tax return preparers for filing their returns free of cost from next year. 
 
According to the Tax Return Preparers Scheme, unveiled by Finance Minister P Chidambaram today, 5,000 graduates with degrees in commerce, law, economics, mathematics, statistics or management would be trained to prepare tax returns. The scheme was announced in this years Budget. 
 
These individuals will be selected from 100 centres in 84 cities across the country and certified by the second week of February next year. 
 
The finance ministry is launching a publicity campaign for the scheme from tomorrow. Ministry officials said they planned to make the facility available free of cost to the self-employed, small businessmen, salaried employees, senior citizens and women with income of up to Rs 3 lakh per year. We want to make the scheme more popular, which is why it may be extended to all individuals and HUFs whose returns do not have to be audited, an official said. 
 
He added the scheme was expected to reduce the cost of compliance for small taxpayers. Bigger taxpayers would have to pay Rs 250 per return. 
 
The preparers would be paid 3 per cent of the tax collected for the first years return of a new tax payer, 2 per cent for the second year and 1 per cent for the third year, Chidambaram said. 
 
The return preparers will be selected through an examination and trained for nine days with the help of NIIT, which will be paid Rs 5 crore. 
 
Chidambaram said a fee of Rs 100 would be charged from each applicant along with a deposit of Rs 1,000, which would be returned after successful completion of training. The amount was being charged to ensure that only serious candidates applied, he said. 
 
Each preparer will, on completion of training, be given a certificate and an identity card bearing an identification number, which will be used to monitor their performance. Quality alerts would be sent and certificates cancelled if the performance was not up to the mark, officials said. 
 
Officials said the revenue department would prepare a database of preparers, which would be posted on the website of the income-tax department. 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions