India used to have a tax on the money or property that people leave to their family when they die. The idea of bringing back this tax has been considered by both the Congress and BJP political parties over the years.

There is a lot of arguing happening in politics because Sam Pitroda suggested a tax on inheriting money, which is not a new idea in India. Both the BJP and Congress have talked about it before. The Congress party clarified that they do not have any plans to bring back this tax, as it was abolished by Rajiv Gandhi in 1985.

A long time ago in India, there used to be a tax called inheritance tax. It was also called estate duty or “death tax” in some places. This tax was applied to the property and money that someone left behind when they died. But in 1985, the government decided to get rid of this tax and it is no longer there.

In the past, both the Congress-led UPA government and the NDA government have talked about bringing back a tax called inheritance tax. This tax is when people have to pay some money to the government when they inherit a lot of money or property from someone who has passed away. The idea of this tax was first introduced in 1953 because the government wanted to make sure that rich people didn’t have too much money while others had very little. Some important people like former finance minister P Chidambaram and former Minister of State for Finance Jayant Sinha have supported bringing back this tax.

It was also a way to make the very wealthy pay taxes on the large amount of money and possessions they passed down to their children.

Estate duty is a tax that is applied to all the things a person owns when they die. This tax needs to be paid by the person’s family or heirs when they inherit the things the person left behind.

All things that cannot be moved, like buildings, and all things that can be moved, like toys, had a responsibility placed on them in India or anywhere else.

But many people didn’t like the tax because it was very high. If someone’s property was worth more than Rs 20 lakh, they had to pay up to 85% of that value in tax. The tax started for properties worth at least Rs 1 lakh, and the rate was 7.5%.

The property was worth a certain amount of money when the person died.

Inheritance tax used to be a law that made people pay money to the government when they inherited a lot of money or property from someone who passed away. It was meant to help the government get more money and make sure that rich and poor people were more equal. But many people didn’t like this law, and after 30 years, the person in charge of the money in the country decided to get rid of it.

The law had different rules for deciding how much different things were worth, which made it very confusing. This caused a lot of arguments in court over how much things were worth, which cost a lot of money to deal with.

https://www.pornedxxx.com/dominica99-porn/30147/ https://www.pornedxxx.com/donjulioproductions-porn/30150/ https://www.pornedxxx.com/donkey-transformation-porn/30152/ https://www.pornedxxx.com/donna-letty-porn/30154/ https://www.pornedxxx.com/donkey-kong-candy-porn/30151/ https://www.pornedxxx.com/donnadadondada-onlyfans-porn/30155/ https://www.pornedxxx.com/donkey-woman-porn/30153/ https://www.pornedxxx.com/donnakristina13-porn/30156/ https://www.pornedxxx.com/donnaslit-porn/30157/

After checking everything carefully, it was found that the amount of money collected from estate taxes was not very much compared to all the other taxes that the government collects.

In 1984-85, the government collected Rs 20 crore in taxes from people’s estates. But it cost a lot of money to collect that tax.

Not many things were being collected because people found ways to avoid paying taxes. They were hiding properties they inherited and pretending to own other properties too.

People didn’t like the idea of having to pay two different taxes on their money. They thought it was unfair and made them feel angry.

The idea of bringing back a tax on the money and property that people leave behind when they die has been talked about by politicians for a long time. One of the first people to mention this idea was a minister named P Chidambaram in 2011. He was talking about it at a meeting with other important people, like the Prime Minister at that time. Chidambaram was in charge of money matters for the government for a few years.

Chidambaram had suggested the idea to try and get more money from taxes and improve the ratio of taxes to the country’s total income.

A year later, he brought up the topic again at a big event. Chidambaram said it was important to have a tax on inheriting money when only a few people are getting really rich.

“Are we paying too little attention to the accumulation of wealth in the hands of a few? I’m still hesitant to talk about intergenerational equity and estate taxes,” he said.

In 2013, Chidambaram suggested bringing back the idea of an inheritance tax in India during the UPA-2 government’s last Budget. He thought it could help the government make more money and also benefit the UPA’s goals.

But not everyone in the Cabinet and other important people agreed with the idea of having a tax on the money people inherit from their family. So, they didn’t include it in the government’s plan for how they would spend money. The idea was put on hold when Narendra Modi’s government won the elections in 2014.

In simple terms, Jayant Sinha, who was in charge of money matters, said that he wanted to introduce a special tax. This tax would make it fairer for everyone, because some rich families have too many advantages.

Comments

Leave a Reply Cancel reply