As it is well known that the income tax department has allowed Aadhaar card holders to use the biometric id number in lieu of the Permanent Account Number (PAN). But as per new provision of Income Tax, fine of Rs. 10,000 may be levied in case of wrong Aadhar Number. As per the latest amendments in the Finance Bill 2019, not only allowed people to use Aadhaar in lieu of PAN but also introduced a penalty for giving a false Aadhaar number. However, the new penalty rules are applicable only in cases where you are using Aadhaar in lieu of PAN and where quoting PAN is mandatory according to the income tax department rules. It is well known that although Aadhaar is issued by the Unique Identity Authority of India, yet the fine is not imposed by UIDAI but by the income tax department. Under Section 272B of the Income Tax Act, 1961, the department can impose a penalty in case of default in complying with provisions relating to PAN, i.e., failure to obtain, quote, or authenticate PAN.
According to the press release, the
All-India CPI-IW for May, 2013 rose by 2 points and pegged at 228 two hundred
and twenty eight) and expected Dearness Allowance due from July, 2013 is
unchanged in respect of previous month expectation of 90% means 10% increase in
present DA.
Now picture of expected DA, which is based on a standard calculation is confirmed now. An impossible increase of 9 points in AICPIN
of June, 2013 will change the expectation from 90% to 91%. See following
table:-
Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year.
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