Income Tax dept to soon share turnover, ITR filing data of businesses with GSTN

 Income tax officers and GSTN, the company that handles the information technology backbone of the new indirect tax regime, will also decide on the modalities for "automatic" and "spontaneous" exchange of data.

Income Tax dept to soon share turnover, ITR
The MoU would include modalities of exchange of data, maintenance of confidentiality, and mechanism for safe preservation of data. Representational Image, source: Pixabay

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