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HomeElections 2024Lok Sabha Election 2024Sam Pitroda's inheritance tax remark sparks huge row: What BJP said, how opposition reacted

Sam Pitroda's inheritance tax remark sparks huge row: What BJP said, how opposition reacted

While the Congress distanced itself from Pitroda’s remark, the BJP accused the grand old party of wanting to seize and redistribute the wealth of Indians.

April 25, 2024 / 12:08 IST
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Sam Pitroda, the president of the Indian Overseas Congress, sparked off a row when he termed inheritance tax an "interesting idea".

Due to senior Congress leader Sam Pitroda’s inheritance tax remark, economics took the centre stage as campaigning for Phase 2 of the Lok Sabha elections ended.

What did Pitroda say?

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Pitroda, the president of the Indian Overseas Congress, sparked off a row when he termed inheritance tax an "interesting idea".

Countering Prime Minister Narendra Modi’s allegations that Congress plans to redistribute the nation's wealth, Pitroda citied a US example of inheritance tax law. "If a person has property worth US dollars 10 million, then after his death, 45 percent of the property goes to his children and 55 per cent of the property goes to the government," Pitroda told ANI.