Articles for Estate Duty

Should India take from the rich, give the poor? A new election flashpoint
7 months, 2 weeks ago

Should India take from the rich, give the poor? A new election flashpoint

Al Jazeera  

As India enters the second half of its giant election, wealth distribution has emerged as a central campaign faultline — and a battering ram for PM Modi to target the opposition. In an April 24 television interview, Sam Pitroda, an adviser to the Nehru-Gandhi family and head of the overseas wing of the Congress party, added another twist to the …

India Tax Wealth Congress Inheritance Economic Party
Constitution and the redistribution of wealth
7 months, 3 weeks ago

Constitution and the redistribution of wealth

The Hindu  

The story so far: There have been heated exchanges between the ruling government and the Opposition with respect to the redistribution of wealth during the ongoing election campaign. The Supreme Court has also constituted a nine-judge Bench to interpret the Directive Principles of State Policy with respect to ownership and control of material resources. In the Minerva Mills case, the …

Supreme Court Constitution Tax Property Wealth Fundamental Rights Economic
Rajiv Gandhi scrapped India's inheritance tax law to claim Indira Gandhi's assets, alleges PM Modi
7 months, 4 weeks ago

Rajiv Gandhi scrapped India's inheritance tax law to claim Indira Gandhi's assets, alleges PM Modi

India TV News  

Madhya Pradesh Lok Sabha elections 2024: Prime Minister Narendra Modi on Thursday alleged that former Prime Minister Rajiv Gandhi scrapped India's inheritance tax law to claim the assets of his mother and former PM Indira Gandhi. India had its own version of inheritance tax law, however, it was scrapped by Rajiv Gandhi in 1985. The inheritance tax law or estate …

Law India Tax Congress Duty Gandhi Prime Minister
Estate Duty Act 1953 | Alleged Waqif Not Entitled To Exemption U/S 12 If He Reserves Right To Amend Waqf Deed: Allahabad High Court
1 year, 4 months ago

Estate Duty Act 1953 | Alleged Waqif Not Entitled To Exemption U/S 12 If He Reserves Right To Amend Waqf Deed: Allahabad High Court

Live Law  

The Allahabad High Court has held that exemptions cannot be claimed from paying estate duty under Estate Duty Act, 1953 if waqif has a reserved right to amend the waqf deed and provisions therein to derive gains from the waqf property. Further, Gulam Azad Khan treated the alleged waqf property as his personal property for income tax purposes. Gulam Azad …

Tax Property Court Duty Income Estate Khan
D’Mart’s Damani Buys 28 Luxury Apartments for Rs 1,238 Cr in Country's Largest Real Estate Deal
1 year, 10 months ago

D’Mart’s Damani Buys 28 Luxury Apartments for Rs 1,238 Cr in Country's Largest Real Estate Deal

News 18  

In what is perhaps the biggest property deals in the country, as many as 28 housing units worth Rs 1,238 crore have been bought by family members and associates of D’Mart founder Radhakrishna Damani in Mumbai, registration documents accessed by Zapkey.com showed. On February 4, Mumbai-based Oberoi Realty said in a regulatory filing that in December 2022, its shareholders had …

Mumbai Maharashtra Realty Project Units Crore Real
Union Budget 2023-24: Why setting store by GST, fuel tax regressive
1 year, 11 months ago

Union Budget 2023-24: Why setting store by GST, fuel tax regressive

Firstpost  

The Goods and Services Tax collections have been surging recording Rs 1.50 lakh crore or so in December 2022. Fuel tax collections for the Centre too have been impressive at around Rs 8 lakh crore in each of the three financial years ending 2021. Add to this the Value-Added Tax imposed by state governments on fuel at the ballpark figure …

India Tax Wealth Taxes Indian Duty Crore