People are very upset and arguing about something that Sam Pitroda said about a tax on inherited money. But this idea is not new in India, and both the BJP and Congress parties have talked about it before. The Congress party says they don’t have any plans to actually introduce this tax, and they even got rid of a similar tax back in 1985.
A long time ago in India, there used to be a tax called estate duty or “death tax” that people had to pay when they inherited money or property. But in 1985, the government decided to get rid of this tax.
In the past, some government officials have talked about bringing back a tax called inheritance tax. This tax was used in the past to help make sure that people who had a lot of money shared some of it with others. Some people think that bringing back this tax could help the government get more money.
Additionally, it was also a way to collect money from very rich people who gave a lot of their money to their children when they died.
In easy words, estate duty was a tax on all the things someone owned when they died. Their family had to pay this tax when they inherited the things.
All types of property, like land and buildings, and things that can be moved, like cars and toys, had to follow the rules in India or even if they were in another place.
The tax was not liked by many people because it was very high, especially for properties worth more than Rs 20 lakh. It started for properties worth at least Rs 1 lakh, and the rate was 7.5%.
We figured out how much the property was worth when the person died by looking at how much people were willing to pay for it.
The inheritance tax, which was a law that made people pay money to the government when they inherited things from their family, was ended in 1985. This happened because many people didn’t like the law and thought it was not fair. The person in charge of the money for the country, called the finance minister, decided to stop the tax because of all the criticism and disagreement.
The rules about how much things are worth were different for different things, which made the law very complicated. This caused a lot of arguments in court about how much things were worth, which cost a lot of money to figure out.
A check showed that the amount of money collected from the estate tax was very small compared to all the other taxes collected by the government.
In 1984-85, the government collected Rs 20 crore in taxes from people’s inheritance. But it cost a lot of money to collect those taxes.
The amount of money collected as tax was very small because people found ways to avoid paying it. They would hide the properties they inherited or pretend that someone else owned them to avoid paying taxes on them.
In addition, people didn’t like that they had to pay two different taxes on their money. It made them feel like they were being taxed twice, which made them really upset.
A long time ago, some important people in the government talked about bringing back a tax on the money and property that people inherit from their family members. This idea was mentioned by a person called P Chidambaram during a meeting with other important leaders. He used to be in charge of the money for the government.
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/
https://www.pornedxxx.com/donnyxo-porn/30158/ https://www.pornedxxx.com/doom-slayer-and-isabelle-porn/30160/ https://www.pornedxxx.com/doormat-girl-porn/30161/ https://www.pornedxxx.com/download-china-porn/30172/ https://www.pornedxxx.com/doug-towers-porn/30171/ https://www.pornedxxx.com/download-dog-porn/30173/ https://www.pornedxxx.com/download-free-porn-videos-full-hd/30176/ https://www.pornedxxx.com/download-free-granny-porn/30175/ https://www.pornedxxx.com/download-family-porn/30174/ https://www.pornedxxx.com/downloadable-dog-porn/30179/ https://www.pornedxxx.com/download-zoo-porn/30178/
Chidambaram had suggested an idea to try and get more money from taxes and help improve the ratio of taxes compared to the country’s economy.
One year later, he brought up the topic again at a special event. Chidambaram said it was important to have a tax on inherited money because too few people were getting very rich.
“Have we paid little attention to the accumulation of wealth in the hands of a few people? I am still hesitant to talk about intergenerational justice and therefore the inheritance tax,” he said.
The idea of an inheritance tax became popular again in 2013 when Chidambaram presented a budget for the government. Chidambaram believed that this tax could help the government earn money and also achieve their political goals.
But not everyone in the government and other important people were convinced that an inheritance tax was a good idea, so it wasn’t included in the budget. The idea was put on hold when Narendra Modi’s government won the 2014 elections.
In the same year, a person named Jayant Sinha, who was in charge of money matters for the government, suggested that we should have a special tax when someone inherits a lot of money or property. Sinha thought this would be fair because it would prevent some rich families from having too much power and give everyone a fair chance.
Leave a Reply