India had a tax on the money or property people leave behind when they die, called inheritance tax, 40 years ago. The political parties called Congress and BJP have thought about bringing back this tax at different times since then.

People are getting very upset and arguing about something Sam Pitroda said about a tax called inheritance tax. But actually, this kind of tax has been talked about before in India by both the BJP and Congress parties. The Congress party said they have no plans to bring back this tax, and even in the past, Rajiv Gandhi got rid of a different tax called estate duty in 1985.

Many years ago in India, there was a tax called estate duty or “death tax.” This tax was similar to an inheritance tax and it meant that when someone passed away, the government would take some money from the property or money they left behind. However, this tax was stopped and no longer exists in India since 1985.

In the past, some government leaders have talked about bringing back a tax on inherited money. They think it could help the government get more money. This tax was first introduced in 1953 to try to make sure that wealth was more evenly spread out.

Also, it was a way to collect money from really wealthy people who gave a lot of their money and things to their kids.

Estate duty is like a tax that is paid when someone passes away and leaves behind their property. The tax is paid by the people who inherit the property.

This duty applies to all things that can’t be moved, like land, and also to things that can be moved, like cars, that are in India or other countries.

But the tax made people unhappy because if someone had a property worth more than Rs 20 lakh, they had to pay 85% of its value as tax. The tax started for properties worth at least Rs 1 lakh, and the rate was 7.5%.

The value of the property was figured out based on how much it was worth when the person died.

The inheritance tax was a law that made people pay money to the government when they inherited a lot of money or property from someone who died. It was supposed to help the government get more money and make things more fair for everyone. But it got a lot of complaints and people didn’t like it. Eventually, in 1985, the person in charge of money for the country decided to get rid of the inheritance tax.

The rules about how much things are worth were different depending on what they were. This made the laws very complicated. Because of this, people had a lot of arguments in court about how much things were worth. This cost a lot of money to deal with.

An investigation found that the amount of money collected from the estate tax was very small compared to all the other taxes collected by the government.

A report in The Economic Times said that in 1984-85, the government collected Rs 20 crore in taxes from people’s estates when they passed away. But it cost a lot of money to collect those taxes.

Not many things were added to the collection because people found ways to avoid paying the tax. They would hide properties they inherited or own under someone else’s name to avoid paying taxes on them.

Additionally, people didn’t like the idea of having to pay two different taxes, one on their income and another on their possessions, because they felt like they were being taxed twice.

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A long time ago, some important people in the government talked about bringing back a tax on the money and property people inherit from their family members. This idea has been discussed for many years, even before the current government was in power.

Chidambaram came up with the idea to get more money for the government by collecting more taxes because the amount of taxes collected compared to how much the country makes is going down.

A year later, he talked about it again at a meeting about money and taxes. Chidambaram said it was important to have a tax on inherited money because some people have too much wealth and it’s not fair.

He said that some people have a lot of money and others don’t have as much. He doesn’t want to talk about how money should be passed down to future generations through inheritance tax.

The idea came back in 2013, when Chidambaram presented a plan for collecting money from people who inherit a lot of money. He believed this could help the government make more money and also help his political party.

But not everyone in the group of important people and those who have an interest in this decision agreed that it was a good idea to have a tax on the money people inherit from their family. So, the idea was not included in the government’s plan for how to use money. The idea was put aside and not talked about anymore because the government led by Narendra Modi won the elections in 2014.

In the same year, a government official named Jayant Sinha said he thought it would be a good idea to have a tax on the money people inherit from their family. He said this would help make sure that everyone has a fair chance to succeed, instead of just people who come from rich families.

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