Demat accounts: All demat accounts need to be tagged by the end of June

[ad_1] Mumbai: Securities and Exchange Board of India(SEBI) has asked the stock brokers to name and tag the bank and Demat account To indicate the purpose of the customers for which they are being retained till 30th June. Brokers will also have to report such accounts to stock exchanges and depositories. At present, stockbrokers need to maintain demat Accounts under five categories including Proprietary Account, Pool Account, Client Unpaid Securities Account, Client Securities Margin Pledge Account and Client Securities Under Margin Fund Account. “In consultation with the stock exchanges and…

Which accounts for rising tax receipts?

[ad_1] Personal income tax payments may soon break a record. wall street journal Report (paywall) on an increase in personal income tax payments, which Congressional Budget Office Projects will reach $2.6 trillion in the fiscal year ending September 30. Most of the growth comes from taxes on capital gains and pass-through business income. Still, says CBO director Philip Swagel, “There’s one part that’s unclear that we need more time to figure out… it’s a mystery. Getting strong revenue is probably a happy secret.” As for corporate tax receipts… it’s economy,…