The Central Board of Direct Taxes (CBDT) observed the 161st Income Tax Day (also known as Aaykar Diwas) on 24 July 2021. In India, the Income Tax Day is celebrated every year on July 24, as it was on 24 July 1980 that Income Tax was introduced for the first time in India by Sir James Wilson.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The purpose of this tax was to compensate for the losses incurred by the British regime during the first war of independence against British Rule in 1857. July 24 was first celebrated as Income Tax day in 2010.
Important takeaways for all competitive exams:
A Concessional Local Pass has been issued by the Government of India for the eligible…
The 31st Conference of the Parties (COP31) to the United Nations Framework Convention on Climate…
Abhishek Sharma broke his own national record for the most centuries in the T20 cricket…
India delivered a spectacular batting performance against New Zealand in the third T20 International match…
The Ellora Caves are one of the greatest examples of rock-cut architecture found in India.…
According to the International Union for Conservation of Nature (IUCN), almost all assessed shallow-water coral…