Understanding the role of Clearing Corporation of India Limited (CCIL) in Demat accounts

  The Clearing Corporation of India Limited (CCIL) is a central counterparty that provides clearing and settlement services for a variety of financial instruments, including securities traded on stock exchanges. In the context of Demat accounts, CCIL plays a critical role in ensuring the smooth and efficient settlement of trades between buyers and sellers while…

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What Innocent Spouse Tax Relief Is?

With one exception, married couples are jointly liable for the tax debt when they file their tax returns. The “innocent spouse” rule is the only exception to this general rule. These allegations are frequently made by divorced couples, while they can also come from married couples. The following three criteria must be met to qualify…

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