Inheritance Tax in India

The general perception is that there are no inheritance taxes or estate duties or death taxes in India. The Estate Duty Act, 1953 was abolished (technically suspended, not repealed) in 1985 meaning that there is no estate tax at the central government level. However, the perception that there are no inheritance taxes in India is…

Thoughts on Trumps Tax proposal.

1. Trumps 15% Corporate Tax proposal will make US – the next tax haven in reckoning. It is also likely to be a great opportunity for US Companies that have stashed money in overseas tax havens to remit them back to USA at lower tax rates – bringing down US current account deficit and bulging…