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Historical Event on 12/27/1990
Central Govt. introduces fresh direct tax proposals to raise additional Rs. 810 crore by raising income tax and fixing limits for deduction of depreciation.

Other Historical Dates and Events
5/17/1949	India decided with only one dissent vote to remain within the Commonwealth of Nations.
8/4/1928	Udham Singh, Indian field hockey player (Olympic-gold-1952, 56, 64), was born.
8/9/1911	Khorshedji Rustomji Meher-Homji, cricketer (Indian wicket-keeper 1936), was born in Bombay.
7/25/1992	R. Venkataraman retired from the post of 8th President.
4/30/1981	C. R. Krishnaswamy Rao was appointed as the Cabinet Secretary of India. He held this office till 08-02-1985.
1/28/1961	Foundation-stone of the first factory of H.M.T. wrist watches laid in Bangalore.
3/1/1640	Britishers were allowed to do commercial activities in Madras.
12/6/1907	Revolutionaries looted Chingaripota station.
1/15/1988	Narendra Hirwani makes a world record by capturing 16 West Indies wickets on Test debut at Chidambaram Stadium in Madras.
5/1/1995	SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.

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Historical Event on 12/27/1990 Central Govt. introduces fresh direct tax proposals to raise additional Rs. 810 crore by raising income tax and fixing limits for deduction of depreciation.

Historical Event on 12/27/1990
Central Govt. introduces fresh direct tax proposals to raise additional Rs. 810 crore by raising income tax and fixing limits for deduction of depreciation.