TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Principal Director General to Share Taxpayer Data with MSME Ministry Under Section 138(1)(a) Income-tax Act</h1> The Central Board of Direct Taxes, under section 138(1)(a) of the Income-tax Act, 1961, designates the Principal Director General of Income-tax (Systems) as the authority to share specified taxpayer information with the Ministry of Micro, Small and Medium Enterprises. The data to be shared includes depreciation on plant and machinery from certain income tax returns, sales or gross receipts, and gross turnover figures. To ensure secure and confidential data transfer, the Principal Director General will enter into a Memorandum of Understanding with the Ministry's authorized representative, outlining data transfer methods, confidentiality, data preservation, and disposal protocols. The timeline for information sharing will be mutually agreed upon and documented in the MoU, which must be submitted to the Central Board of Direct Taxes for record-keeping.
TaxTMI 
TaxTMI 
