Income Tax in India was introduced by mdash ........

Indian Economy (Easy) Budgeting and Fiscal policy

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Income Tax in India was introduced by—

Sir Charles Wood

Lord Macale

James Wilson

William Jones

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Explanation:

The 19th century saw the establishment of British rule in India. Following the Mutiny of 1857, the British government faced an acute financial crisis. To fill up the treasury, the first Income-tax Act was introduced in February 1860 by James Wilson, who became British-India's first Finance Minister.