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In inheritance tax, some individuals see it as a burden on families who are already dealing with the loss of a loved one. It can also be viewed as a deterrent to passing on wealth to future generations.

Simply the bill is proposed by Congress and this party is trying to make India slow and I don't know why they always introduce these type of things.

In order to improve current affairs and GK knowledge what are the websites/apps?!

Despite of this develop countries like US, UK, Japan, South Korea, France, Germany impose these taxes and in countries like US and Japan it is as high as 45% to 55%

Actually it's a Miraj which is portrayed by CONGRESS, which is in clear site of losing the election again . BJP is opposing this . Not doing a political debate ..

Yuppp

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"India used to have an inheritance tax that was abolished in 1985. The estate duty imposed a peak rate of 85% on the value of the property left by the deceased property owner." If this happens now rich will only hide more of property or just leave India all together.

Khokla nation 🇮🇳

People in India will never accept this kind of rule the Super rich move somewhere else .But is that true that some countries have this rule?

This will fail the nations economy

Brain drain ke saath abhi money drain bhi?

Simple, more wealthy people are going to move out.

It’ll be a disaster for whoever (party) passes this bill.