HomeNewsAgreements MoUTo share data, CBDT signed MoU with MoMSME

To share data, CBDT signed MoU with MoMSME

CBDT signed MoU with MoMSME

  • The Ministry of Micro, Small and Medium Enterprises, Government of India (MoMSME) has signed a MoU with Central Board of Direct Taxes (CBDT). as per MoU, CBDT will share data to MoMSME Ministry . the MoU will come into effect from 20th july 2020.

Provisions under MoU –

  • As per MoU, MoMSME ministry will get data from Income Tax Department.
  • After sharing Data, MoMSME will check and classify enterprises in Micro, Small, and Medium categories.
  • both the organizations will also need to elect Nodal Officer and and find best Alternate Nodal Officers that can facilitate the process of data exchange.

CBDT signed MoU with MoMSME

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