SME Times is powered by   
Search News
Just in:   • Improved manufacturing data, auto sales lift Sensex over 600 points  • Auto sales gear up in Sept; await festive season for added fuel  • Maruti Suzuki's Sept sales zoom over 30%  • LG tipped to deliver best Q3 earnings in 11 years: Report  • Sept manufacturing up on higher demand 
Last updated: 20 Jul, 2020  

msme-THMB-2010.jpg MSME Ministry, CBDT sign MoU on tax data sharing

industry-msme-middle.jpg
   Top Stories
» Auto sales gear up in Sept; await festive season for added fuel
» Sept manufacturing up on higher demand
» 'Centre, state fiscal deficit may touch 13% of GDP'
» Sept GST collection at Rs 95,480 cr
» Core sector output down 8.5 pc in August
SME Times News Bureau | 20 Jul, 2020

The Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises on Monday signed a MoU for sharing of tax related data concerning SMEs.

The MoU will facilitate seamless sharing of certain Income Tax Return (ITR) related information by the Income Tax Department with the ministry. This data will enable the ministry to check and classify enterprises in Micro, Small and Medium categories as per the new criteria notified by the government.

The MoU was signed by Anu J. Singh, Principal Director General of Income Tax (Systems), CBDT and Devendra Kumar Singh, Additional Secretary & Development Commissioner, MSME Ministry.

The MoU comes into force from the date it was signed. Both the organisations will appoint a nodal officer and alternate nodal officers to facilitate the process of data exchange.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 02 Oct, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter