On which date is Income Tax Day observed in India?
Answer and explanation
Correct answer: 24 July
Income Tax Day is observed in India every year on 24 July. The date commemorates 24 July 1860, when James Wilson introduced income tax in India for the first time. 1 July is not Income Tax Day and should not be confused with other administrative or financial observances. Exam tip: For national observances, learn the date along with the related historical event.
Frequently asked questions
What is the correct answer to this question?
24 July
Why is this the correct answer?
Income Tax Day is observed in India every year on 24 July. The date commemorates 24 July 1860, when James Wilson introduced income tax in India for the first time. 1 July is not Income Tax Day and should not be confused with other administrative or financial observances. Exam tip: For national observances, learn the date along with the related historical event.
Which subject and chapter does this question cover?
This is a Class 10 General Knowledge question. Chapter: Indian History. Topic: Important Dates in Indian History.
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