Under the Directive Principles of State Policy, Article 39(b) places an obligation on the state to create a policy towards securing the ownership and control of the material resources of the community and distributing it as best to serve the common good
The facts relating to Inheritance Tax are eye-opening.When former PM Indira Gandhi died, her children were going to get her property. But there was a rule earlier, that before the property goes to the children some part of it was taken by the government, says PM Modi.
Prime Minister Narendra Modi accused former Prime Minister Rajiv Gandhi of abolishing inheritance tax to evade tax after Indira Gandhi s death, alleging that Congress now aims to impose it on taxpayers. Modi s remarks follow criticism of Congress leader Sam Pitroda s inheritance tax comments. Congress distanced itself, emphasizing Pitroda s remarks irrelevance to their agenda. The BJP intensified attacks, highlighting past Congress support for inheritance tax. As Lok Sabha elections approach, economic policy becomes a focal point.
PM Modi has been attacking Congress, alleging that the grand old party wants to take away the gold and property of people and distribute it among those having more children.