Page:Indian Journal of Economics Volume 2.djvu/337

INDIAN INOOME TAX 8?8 sponsored the income tax of 1860 and waxed eloquent over it, repeatedly brought pressure, upon the Govern- ment of India, for the repeal of the present tax. On the whole the British administration deserves credit for this . hs?.srdous experiment, which for the first time gave us an index, Indian wealth of which many means excluding Mr. Wilson, idea until that time. The however imperfect, of au Englishman, by no had a very exaggerated administrative experience, on the other hand, sheaid not be lost sight o! and we shall see how it was utilised It is also important to note even the Bengal landlords, who benefits of the perpetual settlement were made liable to the income tax later. at this were of in stage that enjoying the lapd revenue, ?ddition to of their land revenue payments to the Government. course this was no breach of faith on the part of the. Government since every landholder whose land revenue exceeded P,s.'600, was subject to the tax. In short there was no discrimination against Bengal landlords. ? 2. The Li?en?e And Oerti. fwate Taz?.--P. relin?ina?y Oonsiderations.--The Indian financiaL, sRuation contin- ued to be unsatisfactory. R?renehmea?s expenditure were effee?d, bu? temporary in character. a license tax may be maintaining equilibrium As a matter of in tax, though It imposed in military they were merely I? was also talked about that made a eonvonien? means of in Indian finance. may be added reference it that merchants and this system of professional people respectively. licensing, scrupulously excluded 8# F,?t In?li? Accounts and. Pspees, 1860, for the whole controversy. But the three rupees on all artisans, shop-keepers and wholesale 1861 a license duty was appended ?o the income i? was in force only for seven months. a duty of one rupee, two rupees and