Gyancoholic

On July 24, 1860, income tax was introduced in India by Sir James Wilson to compensate the British government for the losses incurred during the First War of Independence in 1857.
I-T department decided in 2010 to mark July 24 as the day for the annual celebration to mark 150 years of this levy from that year onwards.
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.

The week preceding the Aaykar Diwas is marked by various activities undertaken by the regional offices of the I-T department across the country. Several outreach programmes are usually organized every year across the country to promote the payment of taxes as a value norm and for sensitizing potential taxpayers that payment of taxes was an ethical duty of all citizens.

GST or Goods and Services Tax was introduced in July 2017 and is a gigantic tax reform in the Indian economy. Before implementation of Goods and Service Tax (GST), Indian taxation system was a farrago of central, state and local area levies. By subsuming more than a score of taxes under GST, road to a harmonized system of indirect tax has been paved making India an economic union.

Some Interesting Facts About The New Parliament Building








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FENI BRIDGE
• Union Road Transport Minister Nitin Gadkari announced that the 1.8 kilometre long Feni bridge connecting Sabrum in India with Ramgarh in Bangladesh will be completed by December this year.
• Name: Feni Bridge is known as Maitree Setu in Chattogram.
• Location: The bridge is being built over the Feni River and will connect Tripura with Chittagong port of Bangladesh.
• Timeline: The foundation of the bridge was laid in 2015 jointly by Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina. The project is scheduled to be completed by April next year.
• Agencies Involved: The bridge is being constructed by the National Highways Infrastructure Development Corporation Ltd of Ministry of Road and Transport highways, Government of India.
• Significance: It will provide direct road connectivity between South Tripura and Chittagong allowing India to use Chittagong as a “port of call" and promoting trade, tourism and people-to-people ties.

20 years of Modi-Fication: PM Narendra Modi is India’s longest-serving Head of an elected Government among all the Prime Ministers. Take a look! Press Information Bureau - PIB, Government of India

To ensure quality services for air passengers, Cabinet approves leasing out 3 airports through Public-Private Partnership. Press Information Bureau - PIB, Government of India