Clause 264 - Scheme for submission of returns through tax return preparers. - Income Tax Bill, 2025

Scheme for submission of returns through tax return preparers. 264. (1) The Board may make a Scheme for furnishing returns of income through a tax return preparer and such Scheme shall be notified, which (a) may enable any specified class or classes of persons in preparing and furnishing returns of income through a tax return preparer authorised to act as such under the Scheme; (b) may be made irrespective of provisions of section 263. (2) In this section, (a) tax return preparer means any individual, not being a person referred to in section 515(3)(a)(ii) or an employee of the specified class or classes of persons , who has been authorised to act as a tax return preparer under the Scheme made under this section; (b) specified class or classes of persons means any person, other than a company or a person, whose accounts are required to be audited under section 63 or under any other law, who is required to furnish a return of income under this Act. (3) Every notification for the Scheme referred to in sub-section (1) shall be issued as per section 534. [1] ************* NOTES:- 1 . Corrected for section 534 of this Act. to section 534.