Order under section 138(1)(a) of the Income-tax Act,1961 - Income Tax - F. No. 225/115/2020/ITA.II

F. No. 225/115/2020/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 14th july,2020 Order In exercise of powers conferred under section 138(1)(a) of Income tax Act, 1961 ( Act ), the Central Board of Direct taxes hereby directs that Principal Director General of Income-tax (Systems), New Delhi shall be the specified authority for furnishing information to Additional Secretary and Development Commissioner, Ministry of Micro Small and Medium Enterprises, Government of India notified vide Notification No.48/2020 dated 14.07.2020 under sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Act. 2. The Information to be furnished shall be: a) Schedule DPM which is related to Depreciation on Plant and Machinery as responed in ITR-3, 5 and 6; b) Sales/Gross receipts of business as reported in ITR-3,5 and 6; c) Gross Turnover/Gross Receipts as reported in ITR-4. 3. To facilitate the process of furnishing information, Principal Director General of Income-tax (Systems) would enter into a Memorandum of Understanding ( MoU ) with Notified Authority of Ministry of MSME, Government of India which inter-alia would include the mode of transfer of data. maintenance of confidentiality, mechanism for safe preservation of data, weeding out after usage etc. The time line for furnishing information shall also be decided by Pr. Director General of Income-tax (Systems) in consultation with the concerned Ministry and included in the said MoU. 4. A copy of MoU shall be forwarded to this division for record purposes. -Sd- (Rajarajeswari R.) Under Secretary, (ITA-II), CBDT