BusinessLineDec 6, 2021IT Dept to share data on small units with MSME MinistryThe Income-Tax Department will soon start sharing data related to depreciation, sales and gross turnover of micro, small and medium enterprises with the MSME Ministry.The Central Board of Direct Taxes (CBDT) has directed the Principal Director General of Income Tax (Systems) to share information with the MSME Ministry.Section 138 of Income Tax Act empowers IT authorities to share information/details of its taxpayers with other government agencies, as may be notified.Read more at BusinessLine
The Income-Tax Department will soon start sharing data related to depreciation, sales and gross turnover of micro, small and medium enterprises with the MSME Ministry.The Central Board of Direct Taxes (CBDT) has directed the Principal Director General of Income Tax (Systems) to share information with the MSME Ministry.Section 138 of Income Tax Act empowers IT authorities to share information/details of its taxpayers with other government agencies, as may be notified.Read more at BusinessLine
