CBDT & CBIC Signs MOU for exchange of Information

An MOU has been signed between CBIC [Central Board of Indirect Taxes and Customs] and CBDT [Central Board of Direct Taxes]. The purpose of this MOU is data exchange between these 2 organizations.

The motive of this MOU is:

• This MoU will facilitate the sharing of data and information between CBDT and CBIC on an automatic and regular basis.
• CBDT and CBIC will also exchange with each other, on request and spontaneous basis, any information available in their respective databases.

You May Also Refer:

• ICAI signs MoU to promote the export of accounting
• New Form 26AS has been notified by CBDT