Government assures domestic market players on tax concerns

New Delhi, Oct 21 (IANS) The government will look into tax concerns of domestic investors, the finance ministry assured a group financial institutions and mutual funds on Wednesday.

“There were some suggestions and representation with regard to rationalisation of certain tax provisions we have made a note of. The CBDT (Central Board of Direct Taxes) and CBEC (Central Board of Excise and Customs) officials were present…they will examine it. Let us see what can be done,” Economic Affairs Secretary Shaktikanta Das told reporters after the pre-budget consultation meeting here.

“The idea was to get their suggestions and inputs about what needs to be done to improve ease of doing business, to carry about some policy reforms in the area of

financial markets,” Das said.

“We discussed deepening of corporate bond market and also bigger and wider retail participation in the bond market,” he added.

Around 40 domestic financial institutions and mutual funds, including state-run LIC, UTI Mutual Fund, Birla Sun Life, JM Financial and Kotak Mahindra Mutual Fund

attended the meeting.

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