Question:When is Income Tax Day celebrated by CBDT?
(a) 25 July
(b) 26 July
(c) 27 July
(d) 24 July
Answer: (d)
Related facts:
- The Central Board of Direct Taxes (CBDT) observed the 161st Income Tax Day (also known as Aaykar Diwas) on 24 July 2021.
- The day was first celebrated in 2010.
- On 24 July 1980, 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.
On 24 July 1980, Income Tax was introduced for the first time in India by Sir James Wilson.
the year shall be 1860 and not 1980. Please rectify the typo.