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Guest (Querist) 19 October 2013 This query is : Resolved
Someone told me that in USA there is a Inheritance property tax? does it means that after the death of parents, son has to pay 30-40% tax in order to live in his parental property? what if son is a college going student how will he pay 30-40% tax in order live in his parents house?
is it also going to be in india

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Devajyoti Barman (Expert) 19 October 2013
We can not make comment on future events.

Guest (Querist) 19 October 2013
But is it so in USA

Devajyoti Barman (Expert) 19 October 2013
So , you mean to say it should be followed everywhere.

Should the while world including India copy what the USA legislate in its own wisdom.

prabhakar singh (Expert) 19 October 2013
India is a sovereign of it's jurisdiction over which only laws enacted by it can prevail and not of any other country's legislation.

OKAY!

Sudhir Kumar, Advocate (Expert) 19 October 2013
not a query on any Indian law

Guest (Querist) 20 October 2013
But is it so in USA?

prabhakar singh (Expert) 20 October 2013
Let it be so as you know.

Sarvesh Kumar Sharma Advocate (Expert) 20 October 2013
Agree with experts.

Guest (Querist) 20 October 2013
I read it on newspaper. http://articles.economictimes.indiatimes.com/2012-11-09/news/34994180_1_inheritance-tax-stable-tax-regime-wealth-tax

Devajyoti Barman (Expert) 20 October 2013
we do not make comment on foreign legislation.

S.K.SARRAF (ADVOCATE) (Expert) 21 October 2013
go for ombudsman , ask for a stay in India from Courts here...ground will be ZERO earnings presently- and seek protection under laws of India.
Your parents must have been Indian Citizens..if so..go for it.

S.K.SARRAF (ADVOCATE) (Expert) 21 October 2013
NO LAW CAN COMPEL A PERSON TO PAY TAX over his soul...incorporate your reasons of present incapcity to pay the same...ask for instalment payments..also make a prayer to stay all other proceedings, in case, if at all, there exists a provision for realisation of taxes on property transfer by selling some portion of property, put your objection along, whether there exists such provisionary powers with the State or not.

Rajendra K Goyal (Expert) 21 October 2013
Wealth tax is applicable in India as per the act and a lot of exemptions exists. USA legislation is not applicable in India.

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