In 1922, The direct taxation acts passed by the government needed to be amended by an apex institute that specializes in Tax Laws and Amendment Procedures. Hence, this gave rise to the famous Income Tax Department. This monumental Government mega PSU handles all tax fillings made by the citizens and is accountable for the tax collected every year from the citizens that fall under the income tax bracket. The Indian Ministry of Finance has direct oversight over findings, research and account management of Income Tax Department. All sorts of Tax (Gift, Interest, Expenditure etc.) has to be filed here in IT Department itself.