Nikhil Kamath supported an inheritance tax in India in his video, advocating for wealth redistribution. At present, inherited assets in India remain untaxed due to the abolished inheritance tax. In his recent comments, Sam Pitroda supported inheritance tax law in India inspired by the US.
Goal-based investing involves strategic planning, disciplined saving, and strategic investing for achieving financial milestones like buying a home or retiring comfortably.
If one tries to understand ‘tax politics in India’, only 0.5 per cent of voters now pay any ‘meaningful’ income tax in the country, says Ashneer Grover.
A will is an instrument of testamentary disposition of property whereby one transfers or bequeaths his property to the named beneficiaries on his death.