Wealth Tax India: Who needs to pay and its history

By |2021-04-10T11:01:32+00:00April 10th, 2021|Categories: Business|Tags: , , , , , , , , |

A brief history of wealth tax in India After the independence of India in 1947, the Indian Income Tax Act 1922 was the primary legislation governing the charge of direct taxes. With the Nehru-led Government in power, the inclination in the economy in the initial years after independence was towards greater socialism. There was an advanced [...]