Procedure to Become TRP - TRPS

The Tax Return Preparer Scheme, was conceptualized by the Income Tax Department (ITD) and launched in 2006-07. Applications for the TRP trainings are advertised in the leading newspapers by the Tax Department, on a periodic basis Or applicant can visit http://trpscheme.com/default.aspx for the updates .

Role of TRPs :

1. An eligible person may, at his option, furnish his return of income under section 139 of the Act for any assessment year after getting it prepared through a Tax Return Preparer:
Provided that the return of income for an assessment year shall not be prepared and furnished through a Tax Return Preparer, if : 

a. An eligible person is carrying out business or profession during the previous year relevant to such assessment year and accounts of the business or profession for that previous year are required to be audited under section 44AB of the Act or under any other law for the time being in force;

OR

b. An eligible person is not resident in India during the previous year relevant to such assessment year:
Provided further that an eligible person shall not furnish a revised return of income under sub-section (5) of section 139 of the Act for any assessment year through a Tax Return Preparer unless he has furnished the original return of income for that assessment year through such or any other Tax Return Preparer:
Provided also that a return of income which is required to be furnished in response to a notice under clause (i) of sub-section (1) of section 142 or section 148 or section 153A of the Act shall not be prepared and furnished through a Tax Return Preparer.

2. The Tax Return Preparer shall prepare and furnish the return of income to the Assessing Officer having the jurisdiction over the concerned assessee or to any other officer or agency as may be directed by the Resource Centre with the approval of the Board and hand over the acknowledgement of having furnished the return to the concerned eligible person.

Duties and Obligations of TRPs
The Tax Return Preparer shall:

1. prepare the return with due diligence;
2. affix his signature on the return prepared by him;
3. furnish the return with the Assessing Officer having the jurisdiction over the concerned assessee or to any other officer or agency as may be directed by the Resource Centre with the approval of the Board;
4. hand over a copy of the return to the person whose return is prepared and furnished by him;
5. retain a copy of the acknowledgment of having furnished the return;
6. in respect of returns prepared and furnished by him during a month, maintain record of the following, namely:
   1. the name of assessees whose returns of income have been prepared and furnished by him during that month;
   2. the permanent account number of such assessees;
   3. assessment year;
   4. date of furnishing the return;
   5. acknowledgment number;
   6. jurisdiction of the Assessing Officer;
   7. amount of income declared in the return;
   8. amount of tax payable;
   9. amount of tax paid;
   10. the amount disbursable to him under sub-paragraph (1) of paragraph 9 of this Scheme for any eligible assessment year mentioned therein;
   11. the fee charged and received by him under sub-paragraph (2) of paragraph 9 of this Scheme;
7. furnish a statement of particulars mentioned in item (vi) for every month on or before the seventh day of the immediately following month to the Resource Centre.

Eligibility Criteria

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

1. Law (LLB)
2. Economics (B.A. / B.Sc.)
3. Statistics (B.A. / B.Sc.)
4. Mathematics (B.A. / B.Sc.)
5. Commerce (B.Com.)
6. Management/ Business Administration (BBA / BBM)

Age:
Candidates between the age of twenty-one (21) and thirty-five (35) years shall be eligible to apply.

Incentives and Remuneration to TRPs

The Tax Return Preparer shall charge a fee of two hundred and fifty rupees for any assessment year from the eligible person for preparing and furnishing his return of income.

TRPs will receive 3% of the tax paid on the returns prepared & filed for every new assessee in the 1st year (subject to a maximum of Rs. 1000/-), 2% in the second year and 1% in the third year and Rs. 250 for the returns prepared & filed for the old assessees.

The Resource Centre is responsible for day to day administration of the Scheme, they arrange training by NIIT .
Post training, web-based advanced learning to upgrade their skills by the Government .
There is Helpdesk to clarify TRPs' doubts pertaining to their work.

I hope I have covered all necessary points related to information , if you have any suggestion or doubt please let me know in comments below .