The Income Tax Act, 1961 replaced which earlier Act?
AIncome-tax Act, 1860
BIncome-tax Act, 1886
CIncome-tax Act, 1922
DIncome-tax Act, 1918
Answer & Solution
Correct answer: C. Income-tax Act, 1922
The 1961 Act replaced the Indian Income Tax Act, 1922, which had remained in operation for about 40 years.
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