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TMI BlogIncentive to Tax Return PreparersX X X X Extracts X X X X X X X X Extracts X X X X ..... come for First Eligible Assessment Year which has been prepared and furnished by him; (b) three per cent. of the tax paid on the income declared in the return of income for the Second Eligible Assessment Year which has been prepared and furnished by him; (c) two per cent. of the tax paid on the income declared in the return of income for the Third Eligible Assessment Year which has been prepar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ifty rupees: Provided further that in a case where for preparing and furnishing the return of income for an eligible assessment year, the amount disbursable under sub-paragraph (1) does not exceed two hundred and fifty rupees, the Tax Return Preparer shall charge from the eligible person for that eligible assessment year a fee of the amount by which the amount of two hundred and fifty rupees exce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sment Year; (c) "Third Eligible Assessment Year" means the assessment year immediately following the Second Eligible Assessment Year; (ii) "tax paid" in relation to an eligible assessment year means the aggregate of tax paid by way of advance tax, tax deducted or collected at source or tax paid on self-assessment (including surcharge and Education Cess) but does not include- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... im; (c) one per cent of the tax paid on the income declared in the return of income for the Third Eligible Assessment Year which has been prepared and furnished by him: Provided that the amount of disbursement for any eligible assessment year in relation to an eligible person shall not exceed one thousand rupees: Provided further that in a case where an eligible person after furnishing his ..... X X X X Extracts X X X X X X X X Extracts X X X X
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