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

In the run-up to Finance Minister Nirmala Sitharaman’s maiden Budget speech, there has been a buzz around inheritance tax, earlier referred to as estate duty, making a comeback.
 
“India needs to review the case for re-introducing an inheritance/estate tax with, ideally, relatively high thresholds, so it’s targeted at the very rich,” says Jeffrey Owens, director at Vienna-based WU Global Tax Policy Center. Owens argues that the Indian revenue authorities now have access to information about the assets of citizens held offshore. “The tax could provide a modest amount of additional revenue, both directly and by making it more difficult