Question

    Which date is officially observed as "Income Tax Day" in India?

    A 21st August Correct Answer Incorrect Answer
    B 24th July Correct Answer Incorrect Answer
    C 8th June Correct Answer Incorrect Answer
    D 25th August Correct Answer Incorrect Answer

    Solution

    "Income Tax Day" is celebrated in India on the 24th of July each year, commemorating the introduction of income tax by Sir James Wilson in 1860. This annual observance reflects on the evolution of tax policies and practices in India, celebrating the contributions of the income tax sector to the country's development.

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