CBDT to share MSME data with Ministry
The Central Board of Direct Taxes (CBDT) has signed a memorandum of understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises (MSME) for sharing data on income tax returns filed by micro and small enterprises. This will be used to ascertain the cash flow of MSMEs and ensure that they do not misuse the concessions given by the…
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