Thursday, April 25, 2024

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Estate Duty Act 1953 that imposed inheritance act was abolished just a month before transfer of Indira Gandhi’s estate to her grandchildren

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Congress is not new to inheritance tax, it had imposed the ‘death tax’ for over 3 decades before abolishing in 1985, P Chidambaram repeatedly...

P Chidambaram had suggested imposing an Inheritance Tax through his articles as recently as March 2023. The UPA government was also mulling about the idea during their tenure.

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