Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT Audit :: TDS :: form 3cd :: list of goods taxed at 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment
« News Headlines »
 CBDT releases Income Tax Return statistics for last two fiscals
 CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 FinMin looks at cut in corporation tax
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers

PAN details still awaited for over 25 lakh demat accounts
August, 09th 2007

More than seven months after trading was suspended in demat accounts without a Permanent Account Number, investors are yet to provide the PAN details for over 25 lakh such frozen accounts.

According to latest data available with the two leading depositories NSDL and CDSL, as many as 25.4 lakh demat accounts are still suspended due to non-compliance of PAN details. This represents nearly 60 per cent of about 44 lakh accounts that were frozen with effect from January 1, 2007.

Interestingly, more than 11 lakh frozen accounts have some shares in their portfolio, down from more than 20 lakh such accounts at the beginning of this year.

Besides, there are close to 15 lakh suspended accounts currently without any balance in their portfolios as against about 23 lakh at the start of the suspension exercise.

While the number of suspended accounts with shares to their credit has dropped by about 45 per cent, those without any balance has declined by 35 per cent.

NSDL and CDSL together maintain a total of more than 105 lakh demat accounts currently, up from nearly 99 lakh at the beginning of this year. However, the total number of active accounts, for which investors have submitted the PAN details, is only about 80 lakh currently, up from about 55 lakh when the suspension exercise began.

The suspended accounts with the two depositories represent about 24 per cent of the total number of accounts, down from nearly 44 per cent at the beginning of this year.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions