In India, the Income Tax Day, also known as Aaykar Diwas, is a significant event that marks the establishment of income tax in the country. This annual commemoration happens every 24th of July, tracing its roots back to the year 1860. This year, the Central Board of Direct Taxes (CBDT) and all field offices are set to observe the 159th Income Tax Day on July 24th, 2019. The day is not just a celebration, but it also aims to support taxpayers and other stakeholders through the launch of the “Kardaata e-Sahyog Abhiyaan” initiative.
The Historical Significance of July 24th
The significance of the date, July 24th, can be traced back to 1860. On this day, Sir James Wilson, a British statesman, introduced income tax for the first time in India. This move was aimed at compensating for the losses that the British regime had incurred during the first war of independence against British Rule. Since then, July 24th has been commemorated as the day when income tax was established in India.
The Celebration of the 159th Income Tax Day
The 159th Income Tax Day, or Aaykar Diwas, is being observed by the CBDT and all field offices. These offices come together to celebrate this day and honor the importance of paying taxes for the economic growth and development of the country. The day is also a reminder for citizens about their civic duty of paying taxes.
The Launch of Kardaata e-Sahyog Abhiyaan
One of the highlights of the 159th Aaykar Diwas is the launch of the “Kardaata e-Sahyog Abhiyaan” by the CBDT. This program is designed to assist and support taxpayers and other stakeholders in enabling them to e-file their returns and discharge other tax related obligations efficiently. The initiative aims to simplify the tax filing process and thus, create a more taxpayer-friendly system.
| Event | Date | Organizer | Significance |
|---|---|---|---|
| 159th Income Tax Day (Aaykar Diwas) | 24th July, 2019 | Central Board of Direct Taxes (CBDT) | Marks the introduction of income tax in India |
| Launch of Kardaata e-Sahyog Abhiyaan | 24th July, 2019 | Central Board of Direct Taxes (CBDT) | Supports taxpayers in e-filing returns and discharging tax-related obligations |
Wrapping Up
The 159th Income Tax Day is not just a historical reminder of the introduction of income tax in India, but also a day to promote the importance of fulfilling tax obligations for nation building. With initiatives like the Kardaata e-Sahyog Abhiyaan, the CBDT continues to ensure a smoother, simpler tax filing process catering to the needs of all stakeholders. The event serves as a testament to the continuous efforts towards the progress of taxation policies and implementing more convenient methods for taxpayers.