India's Income Tax Department plays an important role in the country's economy. It is a government body responsible for collecting direct taxes from individuals and organizations under the Income Tax Act, 1961. The revenue collected through income tax is one of the primary sources of funds for the Government of India, which helps in the development of infrastructure, education, healthcare, defense and various welfare programs. income tax Department income tax login In this article, we will detect the history, structure, functions, roles, challenges and importance of the Income Tax Department in detail. History of Income Tax Department The concept of income tax in India is of the British era. The first Income Tax Act was introduced in 1860 by James Wilson to meet the financial needs of the colonial government. Over the years, there were many modifications and improvements. Finally, the Income Tax Act, 1961 came into force on 1 April 1962, which still controls the taxation syst...
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