Important Days

National Income Tax Day 2024 - July 24

July 26 , 2024 12 hrs 0 min 36 0

This day honours the establishment of income tax by Sir James Wilson in 1860.
This first tax was intended to tax income from different sources, as stated in the Income Tax Act's Section 2(24).
But the nation's tax system was genuinely revolutionised by the Comprehensive Income-tax Act of 1922.
In 1924, the Central Board of Revenue Act further strengthened this structure by constituting the Board as a statutory body.
Group A officers were recruited in 1946 and had their initial training in Bombay and Calcutta.