India had Inheritance Tax for over 3 decades, it was abolished by Rajiv Gandhi govt just a month before transfer of Indira Gandhi’s estate to her grandchildren
The Chairman of the Indian Overseas Congress and Rahul Gandhi’s advisor Sam Pitroda stroked a political firestorm after he suggested a US-like inheritance tax in India as a way to redistribute wealth. As per the Congress leader, under this tax regime, more than half of the Wealth of a citizen will be grabbed by the government once … Read more