Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: Central Excise rule to resale the machines to a new company :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT RATES :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS
 
 
« News Headlines »
 Make your inventory and invoicing software GST Ready from Binarysoft
 Filing income-tax returns gets simpler for salaried persons
 Ten rules you must follow while filing income tax returns
 Reforming the income tax tribunal
 How the new system might impact consumers and businesses
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules
 Ten facts to know about filing income tax return this year
 The Ten Commandments of Tax Filing
 How to claim income tax refund
 How to time your buys to have best of two tax regimes

Trained staff to help you file I-T returns
May, 24th 2007

Filing tax returns may be easier now, with the first batch of 3,737 tax return preparers completing their training on Wednesday.

Speaking on the occasion, finance minister P Chidambaram said, The tax return preparer scheme seeks to deliver services at low or marginal cost at the taxpayers doorsteps. Along with small entrepreneurs, Chidambaram hoped other institutions like insurance and banks would employ them to sell their products as well. The government would assist them in taking loans from banks to buy computers for their work, he added.
 
Speaking on the new tax return forms, ITR-1, the finance minister said, Indias tax return forms are amongst the simplest in the world. It is a myth to say that these are outdated. The ITR-1 was simpler than Saral launched by the previous government, Chidambaram said, adding, the tax return preparers will get commissions from the I-T department to assist new taxpayers in filing returns for three years. They can also charge up to Rs 250 as service fee from old assesses.

Under the scheme, NIIT trained 4,517 candidates, out of which 3,737 have qualified. NIIT will hold supplementary tests for the candidates in the next three weeks.

The I-T department has also set up a resource centre to monitor the implementation of the scheme and assess the work of the return preparers. It will also issue quality alerts to them, as and when needed. The return preparers will also be required to undertake periodic on line training and exam.

The tax return preparer scheme was announced in the last Budget to make it easier for taxpayers to file returns.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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