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`Tax return preparers are harbingers of change`
June, 29th 2007
Introducing a new profession of tax return preparers, an initiative announced by Union finance minister P Chidambaram in his last budget, is expected to trigger the income tax (I-T) compliance among small and marginal income sections, besides providing a feedback on their income patterns, according to P V Bhide, revenue secretary, Union finance ministry.
About 3,000 qualified tax return preparers are going to be produced through the National Institute of Information Technology (NIIT), the nodal agency to train and issue certificates as tax return preparers, across the country this year, he said.
Addressing the convocation ceremony of the first batch of graduates in tax return preparer course here on Thursday, Bhide said the creation of professional tax return preparers outside the department would remove the fears normally seen among the small income individuals about I-T, besides helping them to file returns.
Tax return preparers are the harbingers of change as they are going to transform vast number of people in Andhra and elsewhere, who are not used to filing returns, into tax payers, he said.
The government is aiming to further simplify the procedures to make tax compliance a normal practice among all sections of society, he added.
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