What is INHERITANCE TAX? How it Works? Why India Abolished it in 1985? | UPSC
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In this video, delve into the concept of inheritance tax, exploring its origins, mechanisms, and the reasons behind India's decision to abolish it in 1985. Gain insights into the economic implications, taxation principles, and societal considerations associated with inheritance tax policies. Explore its relevance in contemporary times and its impact on wealth distribution and fiscal policies. Stay informed with expert analysis tailored for UPSC aspirants. #InheritanceTax #Taxation #India
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Sir growth me ya development pe focus kre
Sir, why do you allow such hatred in your comment section?
Sir answer bata dijiye..
Sir, nehru ki mrutyu k vakt inheritance tax kitna pay kiya tha ..?
Answer - A
We must focus on Wealth generation not on Wealth redistribution.
Exactly. We have huge examples of how communism failed. And still why we are going for it?
Venezuela is the best example of giving freebies and how it destroys the wealth
And that's how nepotism works in capitalism without inheritance tax!
Unworthy outcome
Yes❤
If U have 2 children and you r rich bcz u worked hard in your life, you have to donate your property equally with your neighbour having 12 kids and only job as a stone pelting.
That's true, sangi and andhbhakts who graduated from whatapp university and their job is to create violence and choas around them, this tax will help them to grow.
Yer they also work very very hard in there bedroom. They only one work
@@ravishivanna2425 bhai😅😂😂🤣
@@ravishivanna2425 Nahi,
Wo log Ladkiyo ko Uneducated rakhte hain, Unko Financially khud pe depend karke Bacche ki Machine Bana deti hain.
@@ravishivanna2425Nahi,
Wo log Ladkiyo ko Uneducated aur Financially depended karte hain, Esliye unko Bacche ki Machine Bana padta hain.
Rahul Bhaiya ko Apni Aadhi property de kar shuruat karni chahiye.
Pura statement sun lo
@@srishtipandey-of9pn Tu Jake sun le libranadu😂
Ek दम सही, vadra का भि, Vande Matram 🇮🇳🇮🇳
Rahul and priyanka lannister ko bolo ki robert ka 17000 CR k wealth, apna,poora khangress ,INDI ke MP MLA ka wealth sabse pahle distribute kare
par woh unka on paper property toh do zero kam karke batayenge
I.N.D.I.A. Alliance ko sabse pehle start karna chahiye. Example set karna chahiye 😅
Robert vadra
Hmmm🙄ऐसा नहीं बोलते इधर😂😂😂😂😂
Sam fattuda rice begger
@@googlesharma4477they will tell Robert Vadra is very poor, he just has one aluminium tumbler😂😂
@@NewstatePlayer100then first Rice bag missionary wealth must be distributed which holds the highest wealth among any others
Very dangerous indeed, these kind of Fascist laws will destroy Bharat forever.
Inheritance tax will destroy our 21st century dream ndia 😢
that is the idea
$0₹0$ KE PYADE H YE
And government doesn't have any rights on our money and property
@@sampatkalyan3103 bhai Article 300 A dekh lo
@@sampatkalyan3103 in communists regime you can't claim this
Chamchas and indi alliance in election :
Real life campaigning ❌
Reel life campaigning ✅ 😭😁😁😁😂😁
Rahul and priyanka lannister ko bolo ki robert ka 17000 CR k wealth, apna,poora khangress ,INDI ke MP MLA ka wealth sabse pahle distribute kare
Petrol ka rate Kam kardo
Gas ka rate Kam kardo
Vegetable ka rate Kam kardo
Salary v km krdo@@abhiseknayak322
Call them kangi 😂
@@abhiseknayak322Free Mai Khane Wala Spotted Opinion Rejected 😎😎😎😎😎😎
85% inheritance tax and yet India became bankrupt in 1991. We were actually a joke until 1991. We wasted crucial 44 years of our independence.
Cause cia and usse were contolling india fornuk and USA interest
We have a sold out selected pm
Half knowledge, your industries would have competed with other countries!
😂😂
@@zahidfayaz6059
Okay Bhikharistani
@@zahidfayaz6059 pseudo knowledge without competition anything evolve....
Parents do work for their next generation.
This will backfire marvelously just wait.
Are the next generation incompetent?😂
@@truthislogicalok, you give your 100% wealth. This way instead of debating and keyboard warrior you can set an example.
@@truthislogical your name contradicts your argument
@@truthislogicalyou earn 10lakh in your life then 6lakh goes to govt... 4lakh goes to your child
Because of inheritance tax in America.... The old people there exhaust most of their savings near their 60s....There is no family structure there as a result of this.The extremely rich Applies for dual citizenship as such gets evaded from this😅.@@truthislogical
Correction only 5 states
Iowa (but Iowa is in the process of phasing out its inheritance tax, which was repealed in 2021; for deaths in 2021-2024, some inheritors will still have to pay a reduced inheritance tax)
Kentucky.
Maryland.
Nebraska.
New Jersey.
Pennsylvania.
Also, there are ways to avoid it.
Ye sam pitroda mujhe ajeeb hybrid ka lg rha h 😂
Wo mujhe pheli br koi pagal sa hutiya laga tha😂😂
😂😂
Sam fattuda 😂
भाई इसके बारे में जान लो एक बार तुम्हारे नेताओ से ज्यादा पड़ा लिखा है एक बार इसका विकिपीडिया देखो 😂😅😅😂😂😂
there is a difference between being literate and being educated,, pitroda is just literate not educated, so shut up 😅@@amitsaini9159
If Govt implements Inheritance tax , The rich would prefer to buy citizenship of other countries with less tax ( bahamas or islands )
No they will lobby politicians or sly foxes in the government to create loopholes for them to exploit with their army of lawyers but so this will apply to only the common man
इससे काम के प्रति उदासीनता व नकारात्मकता बढ़ेगी। काम न करने वाले भी दूसरों पर निर्भर रहेंगे।
कांग्रेस भी जानती है कि उनकी नीति विफल रही है लेकिन चमचे कभी EVM कभी हिन्दू को टार्गेट कर रहे हैं अपनी हार नहीं पचा नहीं पा रहे हैं😂😂
Rahul and priyanka lannister ko bolo ki robert ka 17000 CR k wealth, apna,poora khangress ,INDI ke MP MLA ka wealth sabse pahle distribute kare
This rahul and priyanka lannister duo should be deported to ROME .
Check corruption first.bring under books corrupt person. Impose tax on riches created out of dishonesty.grab the corrupt money,then think of income equalization.
How people of India have improved their life in past 10 years?
@@ayonmgYou question should add in which perspective you are asking,??
WAQF board pe video banao sir, Wo bhi desh ki property loot rhi h aur shantidoot ko de rhi h
👍
Exactly bro. After defence & railway, it is the 3rd highest landholder in country.
@@ankitshrivastava3560 wo to internet hai to humko ye sab pata chal rha h waran INC ne aise ajeeb ajeeb laws banaye hue the 💩💩
This type of tax ensures citizens always remain poor.
Tax to dediya par individual level pe kya milega sarkari adhikari aur mp cm yeh sab toh property black me kharid te aur tax evade karke property krte
Nhi chahiye yeh tax humare bapu ghus corruption se paise nhi kamate kyun de paise agr kuch Dena nhi aur freebies high taxes
Not just poor, unmotivated to work too
@Shubham-nl8zqcongress
@Shubham-nl8zqcongress niti obviously
नेता खुद देश को लूटें , आम आदमी की पुश्तैनी सम्पत्ति भी लूट लो
Rahul and priyanka lannister ko bolo ki robert ka 17000 CR k wealth, apna,poora khangress ,INDI ke MP MLA ka wealth sabse pahle distribute kare
Jeete ji 10-20% tax do aur marne ke baad apki property ka 55% Rahul lannister ko dedo
@@subhashchandratiwari4683Modi ko bolo apna ghar bêje aur 5000 crores ke electoral bonds ke paise wapas kare
Sir ye wala tax only politicians pe apply hoga tohh INDIA growth me top me rahega
100 ℅ sahi bola bhai tumne
@@akpaul2014 Ha
Kyunki 80% of GDP inke pass hai no matter what political party
सैम पित्रोदा तो बवालिया आदमी है ही .... " हुआ तो हुआ " , 😅
Estate or Inheritance law a failure ❌
A Boon for Kangres ✔️
Khadge ko apni 5000 crore ki sampatti baat deni chahiye
Rahul and priyanka lannister ko bolo ki robert ka 17000 CR k wealth, apna,poora khangress ,INDI ke MP MLA ka wealth sabse pahle distribute kare
Bhai bhai , Chidambaram ke pass kehte hai 50000 cr ki property hai aur Shayad sharad Pawar ke pass bhi .😮
@@studyAt6 ye scheme inko apne INDI alliance se shuru karni chahiye 🤣🤣
@@ajitt9902 pehle politicians se 😂 kyun desh ka 80% toh inke hath hai
Bhai unka paisa yahn nhi ...india k bahar hai @@subhashchandratiwari4683
This would be aweful in every aspect. As this will again only tax the poor and also be expensive for the govt.
It will not just discourage people working hard in their career but also make them to spend more without saving money for future need. It will overall impact entire members of the family.
Yes ! Jaise US mein hota hey . Wahan inheritance tax hey ishiliye loog wahan recklessly pesa spend karte hein . Ishiliye wahan savings ki culture hi nahi hey
Puncture bana
That's what govt want u to do. Massive spending@@ayushmankar4100
Ek ruppe ki bhi kemat inn politician aur bussinessmen ko kya pata
Sam fattuda
Inheritance tax Not Good
It will hurt Poor more than Rich
I want to see inheritance tax in action. INDI Aliiance leaders should do it first, they are leaders afterall 😊
In 2012 chidbram almost tried to implement it
You mean Chodambaram.
India should focus on Wealth Creation instead of Wealth Redistribution
Sam Pitroda pr aur Chidambaram pr 100% inheritance tax lagao
Correct
Answer A) When an exporter earns money and deposits it with a bank, the money supply increases. This is because the money flows from the central bank to the commercial bank as deposits, which increases the lending capacity of the banks. When the demand for money increases, banks make more loans, which in turn increases the money supply.
Thank you sir 🙏 14:14
Thik he augar esa hota to hume lagega hum q kam kare? Soke mil jayega
Dhruv rathhe. Isko sahi proof krega ab
Germany main baith ke....
ज्ञान देगा लंबा लंबा😂😂😂
Jo jo is condition ko lana chahte hai pehele unlogo ka 85% wealth lekar garibo mai batna chaiye
Aagar Inheritance Tax lagana h, toh ismein koi "Personal Law" ka interference nahi hona chahiye.. kya khangress wo karega?
Kangress is a scam in india😂
It's Khangress
Ye tax-wax politicians pe nahi lgata sirf janata ki hi mari jaati hai😅
😢😢
नहीं तो लोग अपने जीवन में ही अर्जित s अधिकतर धन ,जमा करने के बदले ऐयाशी में डूबा देगा I
Rahul and priyanka lannister ko bolo ki robert ka 17000 CR k wealth, apna,poora khangress ,INDI ke MP MLA ka wealth sabse pahle distribute kare
D) It will depend upon the current exchange rate
Indian politicians itne hoshiyar hain ki wo bill m laga denge ye tax but usme MPs aur MLAs ko exclude kar denge
India should become a developed nation first..then this kind of inheritance tax is fine
Inheritance tax kisi mamle mein achcha nahi hey
20 lac on 1980 is equal to 20 crore today.. make it clear.
If my ancestors did family planning to conserve wealth then it's their fault or of those who produced kids like animals. Govt wouldn't give use free education, job security but they want to tax our livelihood.
It's High Time Now That Politicians Should Start Paying Inheritance Tax First.
Then 50% properly will go to waqf bord👽 how this plan sounds
भई,,,कमाने वाला क्यों अपनी प्रॉपर्टी दे, वो खून पसीने से कमाए, लाखो मुश्किलों प्रॉब्लम के बाद वो अमीर बने और,,, कल को कोइ papuu उठ के बोल दे कि उन सब लोगों की सम्पत्ति हम बाट देंगे,,,तो भैयाजी कमाने वाला कमाएगा क्यों जब उसको पता है कि कोई papuu उनकी प्रॉपर्टी छीन लेंगा l
Pahle vadra ka 17000 cr wealth distribute karo
Wahi to
मुझे लगता है की अब राहुल गांधी जी को "भारत छोड़ो यात्रा की तैयारी करनी चाहिए"। भारत से इटली तक😂😂😂
Italy chalo yatra
आइये इस चुनाव में हम सब मिलकर उनकी इस यात्रा को सफल बनाएं
Sahi baat bolaa
Mera comment copy kar diya
Wo tho tumharay pappa का भी 1947 से ही कहना है...unkay MLA को chura कर.... सबको अपनी पार्टी मे
Will always have immense Respect for genuine taxpayers🇮🇳❤ & people who are working to build our nation🇮🇳...
14:07
:- As far as I know this answer is probably correct .
C) Money supply will remain unaltered
Yes correct will be... money supply will be increase
How ? Isn't it decreases?
@@gareebentertainment8018 because extra money come into the system ultimately it increases the liquidity ,
correct would be one bro 🤣🤣, money supply will increase
@@Sidbourasi yes money supply will increase
OPTIONS -- C .. Money supply will remain unaltered.
भारत के सभी सच्चे राष्ट्रवादियों और सच्चे सनातनियों से मेरा विनम्र अनुरोध है आप सभी को मौजूदा लोकसभा चुनाव 2024 में सच्ची राष्ट्रवादी पार्टी भाजपा को वोट देना चाहिए। विकास, सुरक्षा, पुलिस सुधार, न्यायिक सुधार, शिक्षा सुधार और विकसित राष्ट्र के लिए।
Congratulations!! Sir for 17M 🥳🎉🙌🏼
The numbers for the US are incorrect the max is 20% not 40
% Contrary to what Pitroda said, the US government does not impose any inheritance tax but only six states do (and one of them is abolishing it next year) and the tax rate varies from 1% to 20%,
Govt. should implement One Nation One Tax. There should not be tax on income, tax should be only on the expense.
Le waqf board : Hamko esme mat jodo.. ham alg hai
Excellent..time to open account in swiss banks again. Than India's tax will reach all time high .. 😊
Population wala bill bhi inheritance ke sath thik rahega
It’s essentially a tax that beneficiaries have to pay on the assets they inherit. A lot of people assume it’s the same as estate tax, but they’re actually different.
Sir Federal Estate tax is levied in US. For all the states.
No one is talking about root cause- inequality in breeding. If rich produce more kids their wealth will be distributed in inheritance amongst 5-7 kids. Poor should not produce more than 1 kid, thus wealth of 2 poor (mom and dad) will be concentrated as inheritance to that 1 kid.
Automatically rich will become poor and poor will become rich.
Equal distribution of resources for all, inheritance was good 👍🏻
Instead of Inheritance tax, Wealth tax (earlier charged @ 1% above 50 lacs) should be restored and increase the tax base who gets exemption from income tax.
If anyone thinks a bit deeply about how inequality gap rises, you will realise how the person with more money will always earn much much more than the lesser one. So if this gap is not countered, poverty, relative deprivation will grow which will lead to instability which will lead to law and order situation or seperatism or seditive activities
Ankit sir k bache bohot mast mast comments karte hai ...har comments ko like karna padta hai 😢😂😂😂😂
Please distribute waq board property 😢
Pumchar wale kaam na karke free mein khayenge. Beware before you vote for such type of party
o.o AATHM-NIBAR BHARAT = INDIAN FAMILIES WHO GROW RICH & INDEPENDENT via HARD WORK, SAVINGS & INHERITENCE - if not this generation, then next generation or generation after that. This process is a must for INDIAN FAMILIES. No Party in Govt should be able to interfere in this process. In fact, if you put your evil politician party eye on this process, we need you to go to J for at least 50 years. Our family's money & wealth is NOT your PARTY's wealth to give to ur VOTE BANK.
अब समझ आया क्यों
पुराने लोग कहते थे
क्या लेकर आए हो क्या लेकर जाओगे😂😂
Option. D. Thank you sir
I m watching studyiq since 2012, it seems Ankit sir is full congressy
First focus is on Raise the GDP and attract more Manufacturing firm to setup in India to increase the export and Population Control
It will motivate ppl to have lot of children and too work less
First impliment in Politicians
I think we should impose 0-10% tax on progressive value. Not more tax.
Loved the consensus in the comments ❤
So in this case WAQF BOARD SHOULD ALSO GIVE HALF OF THEIR PROPERTY TO THE GOV!
WAQF Board ko Abolish kardena chahiye.
Abki baar 400 par❤
Sadak pr 😂
@@ishwarsingh8303 ☪️ongrees na Abdul 🐽🤲🏿
Abki baat, sadak paar 😅😅😅
@@ishwarsingh8303Rahul and priyanka lannister ko bolo ki robert ka 17000 CR k wealth, apna,poora khangress ,INDI ke MP MLA ka wealth sabse pahle distribute kare
Vande Mataram 🇮🇳🇮🇳🚩🚩
Abdul is Very very Happy ..
Lekin uski 2 biwi koi aur le jayega 😂😂😅
Prashanth Babu. This is called “estate” - single word not e-state. Also in US, it’s not applicable unless someone who is the decent, tries to sell the property. In that case the tax is applicable on the profit made out of it. If the grandson wants to continue residing in the same house build by grand father then he doesn’t have to pay any taxes. They do it forming a trust”. It’s applicable in every US state.
mere papa bta rhe the ki jb unke dada mare the tb kucch paisa dena pda thaa lekin bht chij jhut bolkar bachaye bhi the ..
Answer : A
Bhaiyon German shepherd ko tag karo😅😅😅😅
i really wish YT starts that functionality to Tag someone!
When we say we want to reduce the inequality we want to uplift the poor not pull down everyone😂😂😂
A). Money supply will increase ☑️
Pehle swiss bank me jo paisa jata hai use rokna chahiye, phir koi tax lagane ki jarurat hi nahi padegi
Inheritance may be imposed but its rate must be reasonable roughly around 10% of movable assets like cash deposit in banks, shares etc.
Phir bhi koie nahi manega
@@ayushmankar4100civil war hoga phir 😂
Who wants khangrees mukth bharath and hindhu rastra 🎉❤
We'll never support inheritance tax and there is a huge difference between 1991 India and 2024 India , now they are collecting sufficient taxes so inheritance tax should not be preferable
Answer would be A... Money supply will increase
Inheritance Tax is good , Should implement it in India
Name hindu
Real owner ....biriyani people ........punture putra 👳🏼
@@shakky_samurai he is pedobhakt
Kisi ne apne bachho k liye zindagi bhar mehnat kar k paise jode, govt achanak se aadha paisa le legi, wah kya insaaf h, gazab.
Imagine ek garib admi badi muskil se ek ghar bane life bhar k saving se fir us ka rax bharnw k liye uske betw ko wo ghar bechna pad jaye..
That initial build up b4 every video is becoming ad nauseam... but still appreciate your holistic coverage of issues.. thanks..
Option (c) is the correct answer. Money supply will decrease. Correct✅
No dear Option C is correct
@@9704 ohh thank you.. My mistake. 😅
This act is necessary so that huge amount of capital can come into system
This is absurd, why would I give my hard earned money to a nobody like you?
Because our country export goods and services to other country so what will happen of impact on supply and currencies in future our currency rate will be high but supply will be decrease. Sir I'm right or not?
Abki baar 400 paar
मित्रों कैसा लगेगा अगर आपके मार्क्स 80% से ज्यादा हो तो फेल लोगों में बांट दी जाए । 😂😂😂आपके पास कितना ज्यादा मोटिवेशन होगा आप सोच नहीं सकते। 😂😂😂
Phle 80% le to aa bhai
Equality bhai😂😂😂
Option A WILL BE THE RIGHT ANSWER IT WILL INCREASE THE MONEY SUPPLY IN THE COUNTRY
मेरे हिसाब से इन्हेंरिटेंस टैक्स आना चाहिए भारत में लेकिन भविष्य में और एक प्रॉपर प्रतिशत में लगाना चाहिए ताकि जो बड़े उद्धमी हैं उनको भी अफोर्डबल हों।
Haan bhai aana hi chaiye 3000 saal baad furure me
@@neelkantnewra ये ज्यादा हों जायेगा....क्योंकि हम देख नहीं पायेंगे लागू होते हुए
Inheritance Tax Lagu Karne ke Wajai Indian Government ko Lebour Rights Pe Aur Zyada Focus Karna Chahye,, Free Ka Paisa Nehi Apna Haq ka Paisa Milna Chahye, Aaj Bhi Bangalore Jaise Development City pe 13k-14 k Me 12×3 0 Works Karwata Hai, Ispe Government ka Koi dhyan Nehi Hai, Lekin Har Sij Pe GST lagana Hai,