Explained: Inheritance tax - ‘promise’ that landed Cong in trouble

Surojit GuptaTNN
Apr 25, 2024 | 23:10 IST

Many advanced countries have inheritance tax ranging from 7% to 55%, which is seen as a better way to increase equality of opportunity



Indian Overseas Congress chairman Sam Pitroda’s comments on inheritance tax triggered a political slugfest on April 24 with Prime Minister Narendra Modi attacking the Congress for planning to impose higher taxes and not wanting people to pass on their hard-earned income to their heirs.
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