FM Nirmala Sitharaman holds a pre-budget meeting with stakeholders

Representatives from the commodity market have demanded cost rationalisation and reduction of commodity transaction tax to Rs 500 per crore from Rs 1000 per crore: Official

Stakeholders from the financial sector and the capital market on Tuesday met Finance Minister Nirmala Sitharaman to discuss their demands ranging from taxation reforms to restoration of trading of banned agricultural commodities.

On the second day of the series of meetings before the Budget 2023-24, some equity market stakeholders demanded that category-III of Alternative Investment Funds (AIFs) be given the pass-through status in terms of taxation to protect them from potential double taxation, said people privy to the meeting.

Category I and II AIFs are investors in private markets as they buy shares and bonds of unlisted companies. Category III