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: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: form 3cd :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: cpt :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: VAT RATES :: TDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« News Headlines »
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it

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 2017 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