July 29, 2023

Income Tax Returns - Please File Before 31.07/2023

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 Why do we use the word RETURNS for our Income tax details submitted ?

The answer lies in the situation prevailing in British India in 1860.
Before the Revolt of 1857 , East India Company officials were most corrupt. East India Company's Rule ended in 1858 , after the Great Revolt ( First War of Independence of 1857 )
In the Reforms introduced by the new British Crown administration,every British official RETURNING to England had to submit details of the property he had acquired during his stay in India ( Hence , the word RETURN )
Robert Clive , Warren Hastings had acquired millions by looting Indians ( Back in England , they were derisively called "NABOBS `
) "

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