In pictures: July 24 celebrated as annual Income Tax Day from this year

Income tax was introduced for the first time in India on July 24, 1860, by James Wilson to compensate for the losses made by the British during the first war of independence

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Income tax was introduced for the first time in India on July 24, 1860, by James Wilson to compensate for the losses incurred by the British regime during the first war of independence against British Rule. 'Income Tax Day' is celebrated to mark 150 years of the existence of this levy.

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Income tax department officials should create an environment where tax paying becomes a pleasurable experience for a common man, CBDT Chairman Pramod Chandra Mody said on Wednesday. While speaking at the 159th 'Income Tax Day' event, he said the taxmen should ensure that the work of revenue or tax collection is done in a "fair and transparent" manner.

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The department also launch a 'Kardaata e-Sahyog Abhiyaan', aimed to assist and support taxpayers and other stakeholders in e-filing their returns and discharging other tax-related obligations.