From which year onwards was Income Tax permanently imposed in India?
Q. From which year onwards was Income Tax permanently imposed in India? (a) 1863 (b) 1860 (c) 1876 (d) 1888 Ans: (b) 1860 Explanation: To fill the treasury, the first Income-tax Act was introduced in February 1860 by Sir James Wilson (British India’s first finance minister). The act received the assent of the governor-general on […]
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