2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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24 July
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25 July
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27 July
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23 July
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Detailed explanation-1: -The Income Tax department observes July 24 every year as Income Tax Day or ‘Aaykar Diwas’, to commemorate the introduction of provision of income tax in the country. On July 24, 1860, Sir James Wilson introduced income tax for the first time in India.
Detailed explanation-2: -The day was first celebrated in 2010. 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.
Detailed explanation-3: -The Income Tax department will be celebrating the 162nd Income Tax Day or Aaykar Diwas on 24 July 2022. This day has been celebrated in India since 2010.
Detailed explanation-4: -An e-Calendar, 2022 was launched by Chairman, CBDT on the theme of Azadi Ka Amrit Mahotsav. It gives a glimpse of activities organized by the Department as a part of #AzadiKaAmritMahotsav celebrations. The theme of February was Cyclothon Actions75, Swastha Bharat.
Detailed explanation-5: -Income-tax Act, 1961 came into existence w.e.f. 1-4-1962.