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Inheritance Tax Debate: PM Modi, Amit Shah Respond To Congress' Sam Pitroda Proposal

Inheritance Tax Debate: PM Modi, Amit Shah Respond To Congress' Sam Pitroda Proposal

Business Today
Business Today
  • New Delhi ,
  • Apr 24, 2024,
  • Updated Apr 24, 2024, 5:18 PM IST

 

Congress is throwing its weight behind the implementation of an inheritance tax in India, aiming for wealth redistribution. Sam Pitroda, Chairman of Indian Overseas Congress, draws a comparison with America, where such a tax is in place. He highlights that in the US, upon an individual's demise, only a portion of their wealth can be transferred to their heirs, with the remainder seized by the government. This statement by Pitroda has drawn attention, prompting a response from Prime Minister Narendra Modi and Amit Shah. Listen In.

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