Inheritance Tax is defined as the tax levied by the government on the transfer of assets from a deceased individual to their heirs or beneficiaries. The subject is highly debated in India at present. Our Experts at VLS are of the view that introducing such taxes will mess the economic growth which India is enjoying at present. Any intervention of such kind may impact the present level of investment in the short run. However if income inequality continues to increase, then the Government might think of such taxes to boost revenue so that redistribution of resources can lead to narrowing the level of inequality in the medium to long term.