Question

With an aim to check flow of black money and evasion of taxes through stock market, market
regulator SEBI has decided to impose hefty penalty on brokers facilitating such transactions fror
tomorrow. The regulator recently came across a loophole in its existing regulations, which was
being abused by stock brokers for facilitating tax evasion and flow of black money through
fictitious trades in lieu of hefty commissions. To remove this anomaly, SEBI has asked stock
exchanges to penalise the brokers transferring trades from one trading account to another after
terming them as 'punching' errors. The penalty could be as high as 2% of the value of shares
traded in the 'wrong' account, as per new rules coming into effect from August 1. in a widely-
prevalent, but secretly operated practice, the people looking to evade taxes approach certain
brokers to show losses in their stock trading accounts, so that their earnings from other sources
are not taxed. These brokers are also approached by people looking to show their black money
as earnings made through stock market. In exchange for a commission, generally 5-10% of the
total amount, these brokers show desired profits or losses in the accounts of their clients after
transferring trades from other accounts, created for such purposes only. The brokers generally
keep conducting both 'buy' and 'sell trades in these fictitious accounts so that they can be used
accordingly when approached by such clients. In the market parlance, these deals are known as
profit or loss shopping. While profit is purchased to show black money as earnings from the
market, the losses are purchased to avoid tax on earnings from other sources. As the transfer of
trades is not allowed from one account to the other in general cases, the brokers show the trades
conducted in their own fictitious accounts as 'punchina' errors. The regulations allow transfer of
trades in the cases of genuine errors Copy
Ctrl+C
In be made for
Search Google for "SAVE & NEXT"
SAVE & NEXT CLEAR SAVE &
NEXT
Ctrl+P
Print...
« BACK
Inspect
NEXT >>
Ctrl+Shift+1
SUBMIT​

Answer 1

Answer:

kkisijjejjjrjrjjrjjrjrukijeheidj

Answer 2

Kya hai yeh??????
Bta itna badha kon likhta hai