Section 264 — TRP Scheme | ITA 2025

Section 264 is the substantive equivalent of 1961 s. 139 B -- the provision dealing with tax return preparer (trp) scheme in the return-filing framework under Chapter XV. Critical for compliance; integrates with s. 263 main return-filing…

Section 264 — - TAX RETURN PREPARER (TRP) SCHEME

Section 264 is the substantive equivalent of 1961 s. 139B -- the provision dealing with tax return preparer (trp) scheme in the return-filing framework under Chapter XV. Critical for compliance; integrates with s. 263 main return-filing provision.

Statutory text — Income-tax Act, 2025

Marginal note -- Tax Return Preparer (TRP) Scheme

(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) For the purpose of 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 class- es 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 of this Act. Return by whom to be verified.

STATUTORY ARCHITECTURE: Tax Return Preparer (TRP) Scheme is integral to the return-filing compliance framework. The provision provides the legal basis for the operational mechanics of tax return preparer (trp) scheme. Practitioner: ensure compliance with this provision; coordinate with main return-filing under s. 263.

CROSS-REFERENCES

Section 262 -- PAN.
Section 263 -- Return of income.
Section 272A -- Late fee.

← All sections (537)Act 2025 hub

INCOME-TAX ACT, 2025	INCOME-TAX ACT, 1961
INCOME-TAX ACT, 2025 -- s. 264	INCOME-TAX ACT, 1961 -- s. 139B
Tax Return Preparer (TRP) Scheme	1961 s. 139B