
'Shift to UAE for 183 days': Kotak AMC MD Nilesh Shah calls out capital gains tax loophole
India may not levy an “exit tax” like the United States but it’s slowly opening the door to what Nilesh Shah calls “seasonal non-residency,” a growing tax arbitrage that could soon become a flood. Reacting to a Mumbai ITAT ruling that exempted ₹1.35 crore …