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.
BBC telecast on Income Tax Collection in India
BBC World News Channel will telecast a story on Income Tax
Collections in India on Sunday, 09th of June at 11 A.M and 10 P.M
and on Monday, 10th of June at 06 A.M as part of India Business
Report show.
The story will also be telecast on the same channel on
Monday, the 10th of June as part of World Business Report all day.
It is requested that the program may be viewed by all concerned.
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