Introduction of Income Tax in India



Introduction of Income Tax in India

When was the income tax introduced in India?

Asked by: Saranya on Mar 31, 2015.

1 Answer

Saranya said: (Tue, Mar 31, 2015 12:00:00 AM IST)

The Income-tax act in 1961 is the enactment of income tax in India. It provides for levy, administration, collection and recovery of income tax and date of commenced in April 1st 1962 by Central Board of Direct Taxes (CBDT).

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