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The Income Tax Department is described as functioning within a specific arm of the Government of India. Under which department and ministry does the Income Tax Department function according to the lesson?
Answer & Solution
Correct answer: A.
1. The lesson places the Income Tax Department within a specific administrative chain.
2. It functions under the Department of Revenue in the Ministry of Finance.
3. The Department of Economic Affairs handles different policy areas.
4. The Personnel and Public Enterprises departments do not house the Income Tax Department.
_Source: ICSI CS Executive Paper 4 (Tax Laws) — Lesson 1: Direct Taxes — At a Glance, pp. 10-22._
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