The Central Board of Direct Taxes (CBDT) observed the 162nd Income Tax Day (also known as Aaykar Diwas) on 24 July 2022. 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. The day was first celebrated in 2010.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
On 24 July 1860, Income Tax was introduced for the first time in India by Sir James Wilson. 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.
About the Central Board of Direct Taxes:
The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. The officials of the Board in their ex-officio capacity also function as a Division of the Ministry dealing with matters relating to levy and collection of direct taxes. Historical Background of C.B.D.T.
Important takeaways for all competitive exams:
The political landscape of Mali witnessed another significant shift on November 21, 2024, as the…
The fourth edition of the Pan-India Coastal Defence Exercise, Sea Vigil 24, concluded successfully on…
November, the eleventh or second last month of the year, brings a variety of important…
The Daily Current Affairs Quiz which keeps you updated with the current events happening all…
The Board of Control for Cricket in India (BCCI) has made a bold and significant…
Madhya Pradesh, a state rich in culture and traditions, celebrates many colorful festivals. One of…