The Central Board of Direct Taxes (CBDT) is celebrating the 159th Income Tax Day today. It was on 24th July, 1860 that Income Tax was introduced for the first time in India by Sir James Wilson to compensate for the losses incurred by the British regime during the first war of independence against British Rule.
In a release, Finance Ministry said, the week preceding the Aaykar Diwas has been marked by various activities undertaken by the regional offices of the department across the country. Finance Minister Nirmala Sitharaman will attend an event to mark Income Tax Day in New Delhi.
The event will include release of departmental publications, e-journal, publicity kit for outreach programmes among other things. (AIR NEWS)