Tax Return Preparer
150. (1) The Board may, without prejudice to the provisions of section 148, frame a Tax Return Preparer Scheme so as to allow a Tax Return Preparer to prepare and furnish the return of tax bases of any specified class of persons, in accordance with the Scheme.
(2) Every Tax Return Preparer shall affix his signature on the return so prepared by him.
(3) The Scheme framed by the Board under this section may provide for the following namely:-
(a) the manner in which and the period for which the Tax Return Preparers shall be authorised under sub-section (4);
(b) the eligibility criteria for a person to qualify as a Tax Return Preparer;
(c) the code of conduct for the Tax Return Preparer;
(d) the duties and obligations of the Tax Return Preparer;
(e) the circumstances under which the authorisation given to a Tax Return Preparer may be withdrawn;
(f) any other matter which is required to be, or may be, specified by the Scheme for the purposes of this section.
(4) For the purposes of this section,-
(a) "Tax Return Preparer" means any individual who has been authorised to act as a Tax Return Preparer under the Scheme framed under this section;
(b) "Tax Return Preparer Scheme" means a Scheme framed by the Board and notified in the Official Gazette, providing for preparing and furnishing of the return of tax bases through a Tax Return Preparer; and
(c) "specified class of persons" means any person who is required to furnish a return of income under this Code, other than a company or a person, whose accounts are required to be audited under section 84.
