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Tag: Income Tax Day

Use simple words in notices to taxpayers, exercise power judiciously: FM tells taxmen

Posted on August 21, 2024 By admin
Use simple words in notices to taxpayers, exercise power judiciously: FM tells taxmen

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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Celebrating India’s Fiscal Milestone On 24th July

Posted on July 24, 2024 By admin
Celebrating India’s Fiscal Milestone On 24th July

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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