As per the reports published recently Income Tax Department has found about Rs 1,200 crores lying in Frozen Demat Accounts in India Why were these Demat Accounts frozen ?
(A)Funds in these accounts were coming from unknown foreign sources.
(B)These account holders were not able to produce their Permanent Account Number which is mandatory for such transactions.
(C)There are the accounts of those who expired without making a will or nominating someone as their apparents.