sekarreporter1: https://twitter.com/sekarreporter1/status/1686230390636457984?t=_JDQaHO2kHBUT_xOqPVUyw&s=08 [8/1, 09:50] sekarreporter1: [8/1, 09:02] Dr Ramaswamy: Headline Simplifying Income Tax: Hon PM Modi’s Reforms [8/1, 09:14] sekarreporter1: Tax is a compulsory financial burden imposed by the government on individuals, goods, services, activities, or transactions. Taxes serve as the primary source of revenue for the government, which is utilized for the betterment of the general populace through governmental policies, strategies, and practices. References to taxes can be found in ancient texts such as Manusmurti and KautilyaArthashastra.

[8/1, 09:50] sekarreporter1: https://twitter.com/sekarreporter1/status/1686230390636457984?t=_JDQaHO2kHBUT_xOqPVUyw&s=08
[8/1, 09:50] sekarreporter1: [8/1, 09:02] Dr Ramaswamy: Headline

Simplifying Income Tax: Hon PM Modi’s Reforms
[8/1, 09:14] sekarreporter1: Tax is a compulsory financial burden imposed by the government on individuals, goods, services, activities, or transactions. Taxes serve as the primary source of revenue for the government, which is utilized for the betterment of the general populace through governmental policies, strategies, and practices.
References to taxes can be found in ancient texts such as Manusmurti and KautilyaArthashastra. In India, tax was first introduced in 1860 as a response to the financial crisis of 1857. Currently, the Income Tax Act of 1961 is in effect and applicable in India.