Question

1. आयकर क्या है ? भारत में आयकर के इतिहास का वर्णन कीजिए।
What is income tax ? Describe the history of income-tax in India.​

Answer 1

In India ,this tax was introduced for the first time in 1860,by Sir James Wilson in order to meet the losses sustained by the Government on account of the Military Mutiny of 1857. Thereafter ,several amendments were made in it from time to time. In 1886,a separate Income tax act was passed.

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Answer 2

Answer:

Q) What is income tax?

Ans)An income tax is a tax imposed on individuals or entities that varies with respective income or profits. Income tax generally is computed as the product of a tax rate times taxable income. Taxation rates may vary by type or characteristics of the taxpayer. The tax rate may increase as taxable income increases.

Q) Describe the history of income-tax in India.

Ans)In India ,this tax was introduced for the first time in 1860,by Sir James Wilson in order to meet the losses sustained by the Government on account of the Military Mutiny of 1857. Thereafter ,several amendments were made in it from time to time. In 1886,a separate Income tax act was passed.

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