CURRENT AFFAIRS

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which ministry signed an MOU with Central Board of Direct Taxes (CBDT)?

A	Ministry of Agriculture
B	Ministry of External Affairs
C	Ministry of Health Affairs
D	Ministry of Corporate Affairs

Explanation:

Detailed explanation-1: -Notes: The Ministry of Micro, Small and Medium Enterprises (MoMSME) has signed a Memorandum of Understanding (MoU) with the Central Board of Direct Taxes (CBDT) for sharing of data.

Detailed explanation-2: -Abhishek Mishra. Explanation: Dhanlaxmi Bank merged with CBDT “Central Board of Direct Taxes” and Central Board of Indirect Taxes and Customs (CBIC) for the collection of taxes.

Detailed explanation-3: -What does the MoU between CBDT and CBIC signify? The MoU will facilitate the sharing of data and information between CBDT and CBIC on an automatic and regular basis. This will lead to more transparency as there will be no scope of hiding data.

Detailed explanation-4: -The correct answer is Ministry of Agriculture.

Detailed explanation-5: -Shri Nitin Gupta, Chairman, Central Board of Direct Taxes (CBDT) inaugurated the Taxpayers’ Lounge today at Hall No. 5, Pragati Maidan, New Delhi in the presence of Members of the CBDT and senior officers of the Income Tax Department.

There is 1 question to complete.