Saturday, May 26, 2007

tax return preparers

Country gets first lot of tax return preparers. The tax preparers scheme was announced in Budget 2006-2007 ,was lunched with several motives ,increase taxes.The tax preparers will get commission from the Income tax department to assist new tax payers in filling returns for three years.they will also charge up to Rs. 250 as service charge fee from old assesses.Under the scheme ,NIIT trained 4517 candidates, out of which 3737 have qualified.Government has collected Rs. 229505 crore in direct taxes during 2006-2007 , at the lowest cost of collection of 0.59 percent or Rs. 1363 crore.

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