Online gaming has garnered a lot of media attention in the recent past, owing to high-pegged demands of approximately INR 1.12 Lakh Crores that has been raised under 71 show cause notices issued by th...
The discussion surrounding introduction of inheritance tax in India has recently been in news. The Modi Government 3.O has denied introduction of inheritance tax. India is at the cusp of long-anticipated economic surge. This calls for continuing need for private capital in India and a significant growth in Indian entrepreneurship. Any possibility of (re)introduction of inheritance tax will require a fine balance between government’s object to augment revenue and reduce inequality without severely impacting the growth of private capital and migration of entrepreneurs and family offices to overseas jurisdictions. In this article INDUSLAW's Lokesh Shah and Aarya Jha attempt to trace the historical background of inheritance tax in India, compare with the model adopted in developed jurisdictions like the UK and US, and analyse potential implications of its (re)introduction in India.
