INCOME TAX30 Sept 2026
Hotmail's Sabeer Bhatia reiterates his support for 55% inheritance tax, says it will ‘primarily affect super-wealthy’ | Mint
Hotmail co-founder Sabeer Bhatia has again backed a 55% inheritance tax for India. He says it would mainly affect the super-wealthy top 2-3%, leaving 97-98% of Indians untouched. Critics worry it may squeeze middle-class families instead. Bhatia argues India's wealth should create opportunity for everyone, not stay locked in family dynasties. An inheritance tax is paid by the person who inherits money or property.
Key Statutory Highlights
- Sabeer Bhatia, the Hotmail co-founder, has again supported his proposed 55% inheritance tax in India.
- He says the tax would mainly hit the top 2-3% super-wealthy and not affect 97-98% of Indians.
- Critics said the idea could end up squeezing middle-class families and small landowners instead.
Actionable Advice for Taxpayers / Founders:This is still only a proposal and not a settled rule, so you do not need to change anything today. If you are planning succession or family wealth, ask a qualified chartered accountant how such a change could affect your family before you act.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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