<ul><li>Kotak AMC MD Nilesh Shah highlights a loophole in India's capital gains tax treatment exploited by NRIs to avoid paying capital gains tax in the country.</li><li>Shah calls for immediate amendments to ensure tax is paid in the host country and credit is taken in the reciprocal country.</li><li>He emphasizes the need for equitable distribution of tax burden and a level playing field for both honest, tax-paying citizens of India and non-resident Indians.</li><li>Shah urges for streamlined processes to bring genuine NRIs to India and address challenges in paperwork and tax assessment.</li></ul>

Capital Gains Tax: Kotak AMC MD Nilesh Shah Flags Loophole Exploited By NRIs

Discover more