Do's and Don'ts for a Tax Return Preparers There are various duties that a TRP needs to follow, breaching which can result in his/her cancellation of certificate by the Resource Centre.

Do's: -
* Prepare the return with due diligence
* Affix his signature on the return prepared by him
* 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
* Hand over a copy of the return to the person whose return is prepared and furnished
* Retain a copy of the acknowledgement of having furnished the return
* A TRP maintains the following tax payer records:
* Name of assesses whose return of income have been prepared and furnished during that month
* Permanent account number of such assesses
* Assessment year
* Date of furnishing the return
* Acknowledgement number of filing of return
* Jurisdiction of the Assessing Officer
* Amount of income declared in the return
* Amount of tax payable
* Amount of tax paid
* He has to maintain a record of the following:
* Amount disbursable to him under this Scheme for any eligible assessment year mentioned therein
* The fee charged and received by him from the client under this Scheme
* Furnish a statement of particulars mentioned in the points above for every month on or before seventh day of the immediately following month to the Resource Centre

Don'ts for a TRP A TRP can be terminated, if he/she

* Fails to give a copy of the return to the assessee.
* Fails to sign the same.
* Fails to furnish his/her name and unique identification number in the return prepared by him/her.
* Fails to enter any information made available to him/her by the assessee, correctly in the return prepared by him/her.
* Makes repeated mistakes related to computation of income in the return prepared.
* Engages in any financial irregularity, forgery, or fraud.
* Willfully attempts to understate the income in the return or tax liability thereon.
* Fails to comply with the directions issued by the Resource Centre from time to time.
* Fails to upgrade his skills as required by the Resource Centre from time to time
* Takes an employment income from which is chargeable under the head 'Salaries'.
* Makes a wrong or fraudulent involves in any other irregularity which, in the opinion the * * Chief. Commissioner or the Commissioner of Income Tax, is grave in nature claim for disbursement.
* If he, after issue of Tax Return Preparer Certificate to him becomes a person who is not fulfilling the stated requirements .