Can Consider Easing Tax For Sovereign Funds: Uday Kotak | N18S
CNBC-TV18 · 04 Nov 2026 · 1 min
Management interview of Kotak Mahindra Bank Ltd (KOTAKBANK).
- Uday Kotak, Founder & Director, Kotak Mahindra Bank
Uday Kotak, Founder & Director of Kotak Mahindra Bank, suggested that the government could consider tax relaxations for foreign sovereign and pension funds that are not taxed in their home countries. He proposed dollar-based taxation or a dedicated exemption window for such funds on the FPI side. In addition, Kotak highlighted the wide disparity between India's 14 odd percent effective capital gains tax and the 39% peak tax rate on interest income, noting that this gap needs to be narrowed.