Income Tax raids Dabba Traders
IT is heard that the Income Tax Department jointly with SEBI and NSE raided Dabba Traders in Mumbai and Pune and arrested a few traders.
"Dabba Trading" also known as "Bucketing" is trade by brokers where their client's trades are outside the Stock/Commodity exchange. In such a trading, the broker either does not execute any trade or matches and execute trades on its own terminal. Maybe a private stock exchange!
Until Tomorrow with more DDT
Have a nice day.
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