income tax act was passed in the year
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The first income tax act was introduced in the year 1918, 1861, 1860, 1886 . The apex body of Income Tax Department. is Finance Ministry of Central Govt. of India. CBDT Dept. of Revenue .
1961 – In consultation with the Ministry of Law finally the Income Tax Act, 1961 was passed. The Income Tax Act 1961 has been brought into force with 1 April 1962.It applies to the whole of India (including Jammu and Kashmir).
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