INCOME TAX DEPARTMENT NOW HAS THE ACCESS TO EVERY DATA RELATED TO SHARE TRADING

Highlights

• The Memorandum of Understanding was signed between the CBDT and SEBI through videoconferencing on Thursday

• In the year 2019, the Income Tax Department had added a new sheet named as Schedule 112A in relation with the information related to the equities and equity transactions

• In its release, the CBDT said this is the beginning of a new era of cooperation and synergy between the two ....