Question

Income tax was first introduced in India

after the First World War
after the Second World War

arter India's independence​

Answer 1

Answer:

There were four major consequences of Second World War on India and they included high inflation which was on account of war expenditure, the value of Indian currency took a nose dive, economic imbalances due to currencies exchange problems and the development of exchange control.

Answer 2

During first world war

Because the Britishers needed money for war equipments and deffence