Section-264: Scheme for submission of returns through tax return preparers

Section-264 : Scheme for submission of returns through tax return preparers

Section-264 seeks to provide for scheme for submission of return through Tax Return Preparer. Learn to understand the section-264 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

1. Section-264 as per act

The Board may make a Scheme for furnishing returns of income through a tax return preparer and such Scheme shall be notified, which—
1. 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;
2. may be made irrespective of provisions of section 263.
In this section,—
1. "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;
2. "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.
Every notification for the Scheme referred to in sub-section (1) shall be issued as per section 534 of this Act.