Inheritance Tax

Don't invest all your money in one go. Start a systematic investment plan (SIP) or a systematic transfer plan (STP) to spread your investments and reduce the impact of market volatility.

High inheritance taxes have been cited by analysts as a factor behind the "Korea discount", which refers to South Korean firms' comparatively lower valuations.

While Special Marriage Act offers a path for interfaith couples to build a life together, understanding the inheritance implications - especially the exceptions - is crucial

Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences

Economists say overall tax levels are likely to approach an all-time high whoever wins the election, despite promises by both main parties not to increase major tax rates

World Inequality Lab says tax gains could raise health, education expenditure

If levied, within 20 years we will see a repeat of V P Singh's 1985 Budget speech proposing abolition because of its meagre yield and high cost of collection

Taxation of wealth and inheritance has been tried in India before. These ideas should not be resurrected

Says Congress wanted to bring back estate duty; latter calls claims 'lies'

Sitharaman also said that the inheritance tax directly impacts the middle class and aspirational class

India implemented an inheritance tax, known as estate duty, in 1953. It was abolished in 1985 by Rajiv Gandhi government

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

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

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

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

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

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

Avoid inheritance hassles for heirs, appoint a nominee

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