The PM said, "Now, the Congress is saying that there will be inheritance tax on inheritance received from parents... As long as you are alive they will impose a higher tax rate on you. And after that, they will impose inheritance tax." Said while addressing a public rally in Ambikapur, Chhattisgarh.
Prime Minister Modi's comments come hours after the Indian Overseas Congress (IOC president Sam Pitroda, a senior party leader who is considered close to Rahu Gandhi) created a big storm with his remarks on inheritance tax in the US.
"If a person has assets worth US$10 million, after his death, 4 percent of the asset goes to his children and 55 percent of the asset goes to the government," Pitroda said. There is no law. I India.
Pitroda said, "Such issues should be discussed. We are talking about policies which are in the interest of the people and not just the rich."
Giving a strong reaction to this, PM Modi said, 'The aim of Congress is only to fill its coffers by looting the hard-earned money of 'common people'.'
Accusing the Congress of insulting the founders of the Constitution and promoting "reservation on the basis of religion", PM Modi once again mentioned that the mentality of the Congress mirrors the mentality of the Muslim League.
The PM said, "Congress's anti-constitutional tendencies are aimed at providing reservation on religious grounds for vote bank politics."
After Chhattisgarh, PM Modi is scheduled to address two public rallies and lead a mega road show in neighboring Madhya Pradesh later in the day.
Prime Minister Modi's comments come hours after the Indian Overseas Congress (IOC president Sam Pitroda, a senior party leader who is considered close to Rahu Gandhi) created a big storm with his remarks on inheritance tax in the US.
"If a person has assets worth US$10 million, after his death, 4 percent of the asset goes to his children and 55 percent of the asset goes to the government," Pitroda said. There is no law. I India.
Pitroda said, "Such issues should be discussed. We are talking about policies which are in the interest of the people and not just the rich."
Giving a strong reaction to this, PM Modi said, 'The aim of Congress is only to fill its coffers by looting the hard-earned money of 'common people'.'
Accusing the Congress of insulting the founders of the Constitution and promoting "reservation on the basis of religion", PM Modi once again mentioned that the mentality of the Congress mirrors the mentality of the Muslim League.
The PM said, "Congress's anti-constitutional tendencies are aimed at providing reservation on religious grounds for vote bank politics."
After Chhattisgarh, PM Modi is scheduled to address two public rallies and lead a mega road show in neighboring Madhya Pradesh later in the day.
