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A hypothetical situation:
I wish to pay my buddies to use for an IPO by their demat account, to be able to enhance my allotment possibilities. I belief these individuals sufficient to make a casual deal, and I cannot take their dealer username/pw, and so forth.
Is it authorized for them to promote their IPO utility (each itemizing positive factors and losses) for a set predetermined quantity?
It’s only a regular enterprise sale proper? So long as they report the revenue (fastened quantity) of their ITR, and I report the revenue (itemizing positive factors and losses) in my ITR, is it superb?
@nithin For those who can not touch upon it’s legality, are you conscious of any rules that forbid this?
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