Mumbai, July 24: Income Tax Day is celebrated on July 24 every year. This year, the day falls on a Friday. On the occasion of this day, Income Tax India tweeted thanking people for their valuable support in building and empowering the nation.

Income tax was introduced for the first time in India on July 24, 1860, by James Wilson to compensate for the losses made by the British during the first war of independence.  The intention behind celebrating this day is to propagate the significance of paying this tax and creating awareness among the public. Income Tax Return 2019-20 Filing Deadline Extended Till November 30, 2020.

Here's what Income Tax India tweeted:

The day is usually celebrated in individual branches of the I-T Departments across the country. However, due to the coronavirus pandemic, there would be no celebrations taking place this year. July 31 is the deadline for filing the returns for the last financial year. But, owing to the pandemic, the deadline for ITR filing has been extended to November 30, 2020.

(The above story first appeared on LatestLY on Jul 24, 2020 10:33 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).