The Congress refuted Prime Minister Narendra Modi s claims that former PM Rajiv Gandhi abolished inheritance tax to safeguard his family s wealth. Modi alleged that Congress now aims to reintroduce inheritance tax if in power. Congress leader Jairam Ramesh countered, citing Finance Minister VP Singh s 1985 budget speech where estate duty was abolished to ease procedural hassles and inefficiencies, not to preserve wealth.
His lies stand unravelled , Jairam Ramesh slams PM Modi over his inheritance tax barb aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Rajiv Gandhi scrapped inheritance tax to save Indira s wealth from going to government: PM Modi tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
As the political slugfest over the issue of inheritance tax escalated on the eve of the second phase of the Lok Sabha polls, the Congress hit back at Modi, calling his remarks on Rajiv Gandhi "lies"