Income Tax department has decided to celebrate 24th July, as the annual Income Tax Day from this year, to mark 150 years of existence of this levy. “Since income tax was first levied as a duty in the year 1860 and the authority to levy that duty came into force on July 24 of that year, it is proposed to celebrate this day as the Income Tax Investiture Day,” a finance ministry official said.

On July 24, 2010, the department will hold a function in the national capital, which would be inaugurated by the Finance Minister Pranab Mukherjee.

“On this day, some officers would be awarded. Besides, formal logo of income tax department will be adopted,” he said.

The income tax department would also celebrate its 150th year of existence from 24th July this year to 24th July next year.

During the year, the department plans to have a commemorative stamp and coins.

Besides various taxpayer services, the income tax department provides e-filing of taxes, online view of tax credit, online tracking of tax refund, centralized processing centre, Aayakar Sewa Kendra, Aayakar Sampark Kendra and modernisation of tax offices.

In the last fiscal, the income tax department mopped up Rs 3.80 lakh crore through direct tax collection.

The income tax department is one of the largest organisations of the central government with over 58,000 personnel spread across 745 offices in 540 locations throughout the country.

It has a customer base of about 3.5 crore taxpayers and over 10 crore permanent account number (PAN) holders.

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Category : Income Tax (27616)
Type : News (13716)

0 responses to “24th July to be celebrated as Income Tax Day”

  1. RAMESH KUMAR THAKUT says:

    Sir,
    In my openion
    “24th July SHOULD ALSO BE CELEBRATED AS “INCOME TAX DAY; AND INCOME TAX PAYERS DAY”
    = INCOME TAX SHOULD DECLARE THIS DAY AS DECLARATON DAY OF “UNDISCLOSED INCOME AND INVESTMENT DAY” TO THE PUBLIC OF WHOLE NATION; WITHOUT PROCEEDINGS AND PENALTIES. I HOPE MY OPENION SHUOLD BE COSIDERED.
    Thanking You
    Ramesh Kumar Thakur

  2. Duke Sekhon says:

    How about the Income Tax authorities showering some benevolence on the taxpayers by way of addressing their legitimate concerns and grievances. The most glaring instance of neglect on their part is holding onto refunds of the taxpayers for some inexplicable reason year on year for prolonged periods for no fault of the taxpayers. We are promised remedial measures in the offing but nothing comes of it!The Income Tax authorities must tell the taxpayers on the forthcoming celebratory occasion ,”Yes, we can do it in double quick time!”

  3. rugram says:

    What about clearing the maximum amont of pending refund claims during this year? The department should clear at least 75% of the pending refund claims and issue refund orders before the 24th July, 2011. This is the real ‘celebration’ for assessees, and not any commemorative stamp issue or promotional schemes!

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