Topic: Inheritance tax
The ‘impugned’ report does not represent the official views of the finance ministry or the income tax department, the CBDT said in a statement Sunday.
Inheritance tax was abolished in 1985. But fearing its return, rich professionals and businessmen are flocking to tax consultants to set up trusts to avoid the tax.
There is talk among business circles that the Narendra Modi government will introduce the inheritance tax again in his second term.
Throughout history, Islamic scholars have uniformly agreed that respecting and obeying the law of the land is an essential aspect of faith.
The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.
Meeting chaired by Vice Admiral (retd) G. Ashok Kumar, India’s 1st national maritime security coordinator. ‘Crucial policy issues’ such as ‘blue economy initiative’ also discussed.
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.