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The 167th Income Tax Day was celebrated at the Income Tax Office here on Friday. Jagdish P. Chandraker, Chief Commissioner of Income Tax, Tiruchi, presided over the function. K. E. Sunil Babu, Principal Commissioner of Income Tax, was present. In his keynote address, Mr. Chandraker highlighted the importance of the Income Tax Department and taxpayers…
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: K. Murali Kumar Finance Minister Nirmala Sitharaman on Wednesday (August 21, 2024) asked tax officers to use simpler words in notices or letters they sent to taxpayers and exercise power bestowed upon them judiciously. Addressing the 165th Income Tax Day celebrations, Ms. Sitharaman said that after…
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Income Tax Day, observed on July 24, commemorates the introduction of income tax in India. Income Tax Day, observed on July 24, honours the establishment of income tax by Sir James Wilson in 1860, a significant turning point in India’s fiscal history. This first tax was intended to tax income from different sources, as stated…
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