CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When is ‘Aaykar Diwas (Income Tax Day)’ celebrated in India?
A
July 23
B
July 24
C
July 25
D
July 26
Explanation: 

Detailed explanation-1: -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.

Detailed explanation-2: -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.

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: -Last date for filing annual income tax returns for corporate entities is December 30, 2022. By this deadline the companies have financial year ending June 30 are required to file their annual returns.

Detailed explanation-5: -The filing deadline for individuals was March 1 in 1913 (the first year of a federal income tax), and was changed to March 15 in 1918 and again to April 15 in 1955. Today, the deadline remains April 15, unless it conflicts with on a weekend or a holiday.

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