Page 2 - Inheritance Tax

Decoded: The history and political relevance of inheritance tax in India

The BJP is attempting to corner the Congress on wealth redistribution after Sam Pitroda's statement, yet veteran party leader Arun Jaitley had also hinted at supporting an inheritance tax in 2017

Zerodha's Nikhil Kamath's old video on inheritance tax goes viral. WATCH

'There is plenty of precedence to inheritance tax,' says Zerodha co-founder Nikhil Kamath

What did Sam Pitroda say about inheritance tax? All you need to know

Sam Pitroda kicked off a row by calling inheritance tax as imposed in the US an interesting idea, while pointing out that such a law did not exist in India

Inheritance tax: Congress wants to snatch your kids' rights, says PM Modi

Prime Minister Narendra Modi said that the Congress party wanted to take away the rights of people's children after Sam Pitroda's comments on inheritance tax in India

UP Assembly passes bill for transfer of property on stamp duty of Rs 5000

The Uttar Pradesh Assembly on Friday passed the Indian Stamp (Uttar Pradesh Amendment) Bill-2024, which has a provision that the transfer of a property between blood relatives can be done by paying a stamp duty of Rs 5,000. Finance and Parliamentary Affairs Minister Suresh Khanna piloted the bill. He said the purchase and sale of land was done by making 'power of attorney', due to which there was loss of revenue. For example, the business of selling land worth crores of rupees by making 'power of attorney' at a nominal fee was going on in full swing, but now a provision has been made that people outside blood relations will have to pay stamp duty of seven per cent of the circle rate on the power of attorney, he said. This condition will not apply to 'power of attorney' only for the maintenance of lands. It has also been provided that in case of blood relations, there will be a facility to transfer a property paying a stamp duty of only Rs 5,000. The bill was passed with a majority

Pre-empt disputes between nominee, legal heirs by drafting a will

A nominee's job is only to hold a deceased's asset temporarily until the legal heirs claim it

Avoid inheritance hassles for your heirs by appointing a nominee

Avoid inheritance hassles for heirs, appoint a nominee

As wealth inequality grows, is it time for an Indian inheritance tax?

Country had had 20 billionaires at the last count: more than some other major economies

Inheritance rights of adopted children vary on the basis of religion

Hindu and Christian personal law treat adopted child on a par with natural-born ones

A new UK monarch: After Elizabeth II, what to expect from King Charles III

King Charles III is the oldest person to become a new monarch. He has been preparing for the crown since he was four years old, when his mother Queen Elizabeth II ascended to the crown

Daughters entitled to inherit fathers' properties, get preference: SC

The Supreme Court on Thursday said the daughters of a male Hindu, dying intestate, would be entitled to inherit the self-acquired and other properties obtained in the partition by the father

German millionaires rush assets to Switzerland fearing a Left turn

If the Centre-Left Social Democrats (SPD), hard-Left Linke and environmentalist Greens come to power, the reintroduction of a wealth tax and tightening of inheritance tax could be on political agenda

Samsung's Lee family to pay more than $10.8 billion inheritance tax

The family said it planned to pay the bill over five years in six instalments, starting this month.

The pros and cons if inheritance tax makes a comeback in Budget 2019

Tax experts are, however, divided over the issue of whether family trusts should be exempted from inheritance tax