Why income details must be given to broker

Always wondered, why does an investor have to fill in income details with the broker? I buy shares if I have money. I do not need to have an income. And PAN number is a must. So why do you add this stupid requirement? SEBI answers
Please more  

Agree with Mr Pande. False declaration may lead to greater surveillance . more  
This is an issue which must be raised with the Union Finance Minister and fought with all the strength the investors have in their Bazaoo. Regulatory Mandate has no business to seek income details to complete the form for retail investors, even the corporate investors. Opposition members call for a report from the government. more  
1. Regulatory Mandate on Income Details Updation 2. Regulatory Mandate on Email and Mobile Number Updation All brokers have received above instructions to comply with the treat of customer's trading account being blocked. This is part of surveillance by government. more  
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