income tax practitioner
Tejas
(Querist) 04 February 2010
This query is : Resolved
If someone could give an opinion ....
I am assisting an i-tax consultant as an employee ..since last 4 years , I have the educational qualification ....represented before assessing officer - i-tax.... I want to get myself registered with i-tax department as a practitioner ....can I do that and how ??
Also I earn some commission income as a part - time insurance advisor....
If I get registered with the I-tax department as a practitioner ... will I have to stop my insurance business or can i continue both .... please help ??
A V Vishal
(Expert) 04 February 2010
Any person other than a chartered accountant who wishes to practice as income-tax practitioner has to make an application in Form 39.
The applicant must have completed at least one year of practice before the income-tax authorities.
The applicant should possess qualification as prescribed in sub-section (2) of section 288.
The applicant should mention three cases where he has appeared before the income-tax authority. He may mention even cases where he may have appeared as an assistant or junior to another authorised representative or counsel.
The application should be made to the Chief Commissioner or Commissioner having jurisdiction over the area where the applicant has been practising.
Further there is no bar to act as ainsurance advisor you can carry the business of insurance.
Tejas
(Querist) 05 February 2010
thank u very much..
I want to reassure that there wouldn't be any problem .. if I continue as an insurance advisor and also enroll with I.T.department..
bcos one of the members from lawyersclub has given an opinion that insurance license needs to be surrender........... ( member replied to my initial query posted in forum ).
Kumar Thadhani
(Expert) 06 February 2010
I agree with expert Mr Vishal there is no restriction in your case you can also continue to act insurance act you need not surrender your licence.
