India News | CBDT, MoMSME Sign MoU over Data Sharing
Get latest articles and stories on India at LatestLY. A Memorandum of Understanding (MoU) was signed on Monday between the Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises (MoMSME) for sharing of data.
New Delhi [India], July 20 (ANI): A Memorandum of Understanding (MoU) was signed on Monday between the Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises (MoMSME) for sharing of data.
The MoU was signed by Anu J Singh, Principal Director General of Income Tax (Systems), CBDT and Devendra Kumar Singh, Additional Secretary and Development Commissioner, MoMSME.
Also Read | Sikkim Govt Imposes Complete Lockdown in State From July 21 to July 27 Amid Rising COVID-19 Cases.
"The MoU will facilitate the seamless sharing of certain Income-tax Return (ITR) related information by the Income Tax Department to MoMSME. This data will enable MoMSME to check and classify enterprises in Micro, Small and Medium categories as per a specific criterion," the CBDT said in a release.
"The MoU comes into force from the date it was signed. Both organisations will appoint a nodal officer and alternate nodal officers to facilitate the process of data exchange. The MoU marks the beginning of a new era of cooperation and synergy between the CBDT and MoMSME," it added. (ANI)
Also Read | Steven Correa of THRV Talks About Obstacles and Overcoming Them.
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)