Inheritance Tax triggers blame game: Congress says 'Modi sarkar' wanted 'estate duty', BJP puts blame on Chidambaram
Chairman of Indian Overseas Congress Sam Pitroda triggered a row after he advocated the concept of inheritance tax prevailing in the US. BJP leaders, including Prime Minister Narendra Modi, criticised Pitroda's comment and said the Congress will continue to loot people even after their death.
In the latest reaction, 'Congress Jairam Ramesh shared four “facts" to establish that it was PM Modi's government which wanted to re-introduce the Inheritance Tax regime or "estate duty". "The Congress has no plan whatsoever to introduce an inheritance tax.
In fact, Prime Minister Rajiv Gandhi abolished Estate Duty in 1985. But it is the Modi Sarkar that has wanted to do so!," Ramesh said in a post on X on Wednesday.
While sharing the "facts" about his claim, he said: "Fact One: Jayant Sinha, then Minister of State for Finance, publicly stated that he wanted to introduce Inheritance Tax in 2014 Fact Two: In 2017, reports emerged that Modi Sarkar was going to re-introduce inheritance tax Fact Three: In 2018, Finance Minister Arun Jaitley praised Inheritance Taxes for “spurring large endowments to hospitals, universities in the West" Fact Four: News reports emerged that Modi Sarkar would introduce an Inheritance Tax in Union Budget 2019" Ramesh also shared screenshots of the news articles published with Jayant Sinha and other ministers' comments favouring the idea of inheritance tax. ALSO READ: Sam Pitroda sparks debate on 'inheritance tax' in India: What is it and what are its income tax implications — explained Meanwhile, BJP leader Amit Malviya shared a report and claimed, "It was Chidambaram, who as Finance Minister, in 2012, proposed the horrendous idea of imposing Inheritance Tax." "Sam Pitroda is only furthering the Congress
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