An MOU was signed between CBDT & Ministry of MSME on 20th July 2020 to facilitate seamless sharing of certain ITR related info by CBDT with MoMSME & enable it to check/classify enterprises in Micro, Small & Medium categories. This marks a new era of cooperation between CBDT & MoMSME.
Read the full text of the Press Release dated 20.07.2020 on MoU between CBDT and MoMSME
Government of India
Department of Revenue
Ministry of Finance
Central Board of Direct Taxes
New Delhi, 20th July, 2020
PRESS RELEASE
Memorandum of Understanding(MoU) between CBDT and MoMSME signed today
A formal Memorandum of Understanding (MOU) was signed today between the Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises, Government of India (MoMSME) for sharing of data by CBDT to MoMSME. The MoU was signed by Smt. Anu J Singh, Principal Director General of Income Tax (Systems), CBDT and Shri. Devendra Kumar Singh, Additional Secretary & Development Commissioner, MoMSME.
The MoU will facilitate 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 the criteria notified in the Notification No. S.O. 2119(E) dated 26/06/2020 of MoMSME.
The MoU comes into force from the date it was signed. Both the organizations will appoint 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.
(Surabhi Ahluwalia)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT
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