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| 1. |
Income tax in India was introduced by: |
| Answer» <html><body><p> <a href="https://interviewquestions.tuteehub.com/tag/james-523196" style="font-weight:bold;" target="_blank" title="Click to know more about JAMES">JAMES</a> Wilson</p><br/><br/><p>The 19th century saw the establishment of British rule in India. <a href="https://interviewquestions.tuteehub.com/tag/following-463335" style="font-weight:bold;" target="_blank" title="Click to know more about FOLLOWING">FOLLOWING</a> the Mutiny of 1857, the British government faced an acute financial crisis. To fill up the <a href="https://interviewquestions.tuteehub.com/tag/treasury-712482" style="font-weight:bold;" target="_blank" title="Click to know more about TREASURY">TREASURY</a>, the <a href="https://interviewquestions.tuteehub.com/tag/first-461760" style="font-weight:bold;" target="_blank" title="Click to know more about FIRST">FIRST</a> Income-tax <a href="https://interviewquestions.tuteehub.com/tag/act-1106" style="font-weight:bold;" target="_blank" title="Click to know more about ACT">ACT</a> was introduced in February 1860 by James Wilson, who became British-India's first Finance Minister.</p></body></html> | |