On Monday, 24th July 2023, Department of Commerce observed Income Tax Day or Aayakar Diwas to mark the nation's implementation of income tax. The purpose of this day was to honor the value of income tax and to reaffirm our dedication to paying taxes honestly and on time. The subject expert CA Rahul Jain explained in detail the Indian tax system, the previous tax system, when to submit an ITR, and the requirements for filing an ITR. He also underlined the distinction between tax evasion and tax planning. After the session, a quiz was also organized and it was very enriching for all.
