New Delhi: India Saturday celebrated 150 years of the Income Tax Department in the country -- a period that saw the mop-up grow from a mere Rs.1.33 crore in 1860-61 during the British rule to some Rs.380,000 crore (nearly USD 85 billion) last fiscal. Finance Minister Pranab Mukherjee kicked off the celebrations here by releasing a new charter for the Income Tax Department that, he said, seeks to meet the aspirations of the people of India. Mukherjee also recollected that the relevant bill to set...
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