A Brief History of Income-tax in India : a Study
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Abstract
All the political, social, economic and religious reasons are accepted as the underlying cause of the Sepoy Mutiny of 1857 AD. Money was needed to strengthen the cottage industry, small scale industry, social and economic structure, to improve the traffic system to meet the economic losses caused by the freedom struggle of 1857. Thus, income tax was first imposed in India in 1860 AD by Sir James Wilson (App.
References
- Income tax legislation and accounts-Dr. K. Jain
- Income Tax Department, Muzaffarpur
- Taxation Legislation and Accounts - Dr. H.C. Mehrotra
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