Inheritance tax while investing overseas through NSE BSE

BSE & NSE are coming out with new products through the Gift City route for investing overseas. If one invests in USA stocks, will one face the 40% inheritance tax upon death, or is it not applicable?

In India, There’s no inheritance tax currently @kunal_k1 .

So, I think it is not applicable.

@ others - Please correct me if I’m wrong.

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