PM Modi vs. Congress on the contentious inheritance tax issue - who's right? Find out more!
Inheritance tax has become a heated topic of debate in India following remarks by Sam Pitroda, leader of the Indian Overseas Congress. Pitroda's advocacy for an inheritance tax law in India has sparked controversy amidst the Congress party's promise of wealth distribution. PM Modi criticized the Congress, labeling their intentions as 'dangerous' in potentially snatching assets through inheritance tax. This clash of views has created a political whirlpool in the midst of the ongoing Lok Sabha elections.
The concept of inheritance tax is not new to India. In fact, the country had its own inheritance tax until 1985 when it was abolished. Pitroda's comparison to the US inheritance tax system has further fueled the debate. Meanwhile, counterpart discussions in the US shed light on state taxes levied on inheritances, emphasizing the differences in wealth distribution policies between the two nations.
While the Congress denies any immediate plans to reintroduce inheritance tax in India, the debate continues to escalate. Finance minister Nirmala Sitharaman claims the party's proposal targets the middle and aspirational classes. With no clear resolution in sight, the inheritance tax issue remains a point of contention between political parties, each defending their stance.
In summary, Pitroda's inheritance tax remarks have reignited a long-standing discussion on equitable wealth distribution in India, echoing past policies and international comparisons. The clash between the Congress and BJP on the inheritance tax issue highlights the complexities of fiscal policies and socio-economic implications in the country.
PM Modi attacked the Congress over its leader Sam Pitroda's “inheritance tax” remark, saying that the grand old party's “dangerous intentions” of snatching ...
Indian Overseas Congress chairman Sam Pitroda's advocating inheritance law in India amidst a controversy on Congress' “wealth distribution” election promise has ...
Indian Overseas Congress chief Sam Pitroda's remarks on the US's inheritance tax have sparked a political whirlpool here in India amid the ongoing Lok Sabha ...
Sam Pitroda's discussion on inheritance tax in India sparks debate on fair wealth distribution and public welfare resources. Mumbai-based expert Balwant ...
In the United States, a similar inheritance tax is a state tax levied on the money or property you receive from a deceased person's estate.
"The Congress has no plan whatsoever to introduce an inheritance tax. In fact, Rajiv Gandhi abolished estate duty in 1985," Congress's Jairam Ramesh tweeted ...
India News: NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday said the Congress party's plan to impose inheritance tax is aimed at hitting the ...
Inheritance tax in USA: अमेरिका के जिन छह राज्यों में विरासत टैक्स लगाया जाता है, उनमें न्यू जर्सी, पेन्सिल्वेनिया, मैरीलैंड, आयोवा, केंटकी और ...
US Tnheritance Tax: कांग्रेस के घोषणा-पत्र पर जारी विवाद के बीच पार्टी के नेता सैम पित्रोदा ने अमेरिका की तर्ज पर विरासत टैक्स लगाने की ...
भारत में विरासत टैक्स जब लागू था तो यहां के व्यापारी अपनी कमाई विदेश भेजने लगे थे। वे अपनी प्रॉपर्टी को अपनी मृत्यु से काफी पहले ही ...
A screenshot shared by Congress leaders showed that BJP's Amit Malviya posted a message on X in 2014 favouring “[former minister] Jayant Sinha's idea to tax ...
Prime Minister Narendra Modi said that the Congress party wanted to take away the rights of people's children after Sam Pitroda's comments on inheritance ...
भारत में Inheritance Tax कानून 1985 तक मौजूद था. संपत्तियों पर यह टैक्स 85% तक निर्धारित किया गया था. इस टैक्स का मकसद आय असमानता ...
बतौर जयराम रमेश, मोदी सरकार में तत्कालीन वित्त राज्य मंत्री रहे जयंत सिन्हा ने सार्वजनिक रूप से यह कहा था कि वो 2014 में इनहेरिटेंस ...
India News: Sam Pitroda, the chairman of Indian Overseas Congress, sparked a political uproar with his remarks on inheritance tax, prompting Prime Minister ...
PM Narendra Modi has accused Congress of “dangerous intentions” regarding inheritance tax. | Latest News India.
The use of inheritance tax as a tool for redistribution of wealth to address income inequality has been discussed widely. Over the years, India abolished ...
Finance Minister Nirmala Sitharaman on Wednesday said the Congress party's plan to impose inheritance tax is aimed at hitting the middle and aspirational ...
Zerodha co-founder Nikhil Kamath backed inheritance tax as he reflected on the need for wealth redistribution when assets are passed down from one generation to ...
Nikhil Kamath supported an inheritance tax in India in his video, advocating for wealth redistribution. At present, inherited assets in India remain untaxed ...
Prime Minister Narendra Modi seized on comments of Indian Overseas Congress president Sam Pitroda, who said that the idea of an inheritance tax should be ...
A fierce debate erupted on inheritance tax after Sam Pitroda, the Chairman of the Indian Overseas Congress, spoke about a similar law in the United States ...
कांग्रेस नेता जयराम रमेश ने कहा कि जयंत सिन्हा, तत्कालीन वित्त राज्य मंत्री ने 2014 में विरासत कर के लिए कड़ी पैरवी की थी।
Congress said it had no intention of bringing an inheritance tax if voted to power, and claimed several BJP leaders in the past have advocated for such a ...
Nikhil Kamath is seen talking in favour of the inheritance tax, in the video which has sparked debates amid ongoing elections.
India News: NEW DELHI: Prime Minister Narendra Modi on Thursday stepped up his attack on Congress on 'wealth redistribution' issue and claimed that former ...
Inheritance tax — a duty on property inherited by a person— has become a polarising topic in this Lok Sabha campaign, with both Congress and BJP accusing the ...
Inheritance Tax: The BJP is attempting to corner the Congress on wealth redistribution after Sam Pitroda's statement, yet veteran party leader Arun Jaitley ...
Inheritance Tax: सैम पित्रोदा ने बुधवार (24, अप्रैल) को विरासत टैक्स की वकालत की थी. उन्होंने इसे दिलचस्प कानून बताते हुए कहा था कि ...
प्रधानमंत्री मोदी ने एक बार फिर विरासत कर को लेकर कांग्रेस को घेरा. एक जनसभा में प्रधानमंत्री ने गांधी परिवार पर निशाना साधा.
डियन ओवरसीज कांग्रेस के अध्यक्ष सैम पित्रोदा के विरासत टैक्स (Inheritance Tax) पर दिए बयान पर जमकर राजनीति हो रही है।
Congress leader KK Mishra called Prime Minister Narendra Modi's inheritance tax claim about Rajiv Gandhi a lie and added the party has no plans to implement ...
Benjamin Franklin said nothing is certain but death and taxes, but India four decades ago had a death tax, as the contentious levies under the inheritance ...
Inheritance Tax: चुनावी महौल के बीच 'विरासत टैक्स' बड़ा मुद्दा बनता नजर आया है. बीजेपी ने इसके बहाने जहां कांग्रेस को घेरा.
Karnataka CM Siddaramaiah dares Modi to prove his “irresponsible allegations” on quotas.
Levy on inherited assets to hit savings, administrative nightmare”
It's a tax that an individual must pay for inheriting a property or asset from his or her ancestor. In several countries, when the assets of a deceased ...
Former Prime Minister Rajiv Gandhi abolished the inheritance tax after his mother Indira Gandhi's death in 1984 to save her wealth from going to the ...
कांग्रेस नेता राहुल गांधी के करीब सैम पित्रोदा के विरासत कर पर दिए विवादित बयान के बाद पिछले 20 वर्षों में पहली बार गूगल पर विरासत ...