The Central Board of Direct Taxes (CBDT) has signed an Memorandum of Understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises, Government of India (MoMSME). As per the signed MoU, CBDT will share certain Income-tax Return (ITR) related information with MoMSME. The exchanged data will enable MoMSME to keep a check as well as to classify enterprises in Micro, Small and Medium categories as per the criteria.
For the successful process of data exchange, both the organisations will appoint Nodal Officer and Alternate Nodal Officers. The MoU between the CBDT & MoMSME marks the beginning of a new era of cooperation and synergy between them.
Important takeaways for all competitive exams:
World Water Day is observed globally on the March 22 and the day raise awareness…
Did you know there is a special island in the world where giant tortoises roam…
Did you know that beneath the ocean floor lies one of the most valuable energy…
Chapchar Kut which is the major spring festival of Mizoram and it was celebrated with…
Did you know that in many countries, rivers are not just water sources but the…
The New Income Tax Rules 2026 are notified and which will come into effect from…