alleryStart learning →From which date did the Income-tax Act, 1961 become effective?
A1 April 1962
B1 April 1961
C26 January 1962
D15 August 1961
Answer & Solution
Correct answer: A. 1 April 1962
Although passed in 1961, the Act took effect on 1 April 1962 and replaced the 1922 Act.
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