Legal obligations to become Income tax practitoner/preparer
20-Jul-2023 (In Tax Law)
(1) Does a "BBA degree" counts as the "Degree in Commerce" as per Rule 51 of Income tax rules, 1962? (2) Legally, Can I represent as Authorized Representative for & on behalf of the Income Tax Payers/Assessees, if I am just physically asked by the any Income Tax payer, to file an ITR or prepare Income tax for him/her in exchange for some fee amount? (As per Section 288(2) of Income Tax Act, 1961, Point no. 1) (3) Can a person possessing a qualification of BBA, become Income tax Advisor or practictioner?
Yes you can enroll yourself as Tax Return Preparer under Tax return preparer scheme of income Tax Department, if you are interested in taxation advisory field. It is not mandatory to have a professional degree to file tax returns.
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