When was Income Tax introduced by British in India
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The Bill received the assent of the President on September 13, 1961. The history of Income-Tax in modern India dates back to 1860 when the first Income Tax Act was introduced by James Wilson who became (British) India's first finance member. This Act lapsed in 1865.
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Answer:it was introduced by Britain to meet the increasing expenses and war loans during first world War. But due to poverty, indians could not pay revenue for them.
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