Income Tax Day (24th July)

  • On 24th July, 1860, Sir James Wilson introduced income tax for the first time in India.
  • It is observed to spread awareness around the importance of taxes and encourage more and more people to pay taxes for the development of the nation.
  • On the sidelines of celebration, the Ministry of Finance directed the Income-Tax Department to prioritize transparency, objectivity, and taxpayer-friendliness to increase the tax ....
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