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New Income Tax Rules – Submission of false Aadhaar number may be fined Rs. 10,000

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.

Cadre Restructuring and its Implementations ---- Approach of ITEF.



Cadre Restructuring and its Implementations ---- Approach of ITEF.

               After the approval of the Cadre Restructuring Proposal of Income Tax Department by the Government, the Central Head quarter has decided to convene its Secretariat Meeting to evolve our approach towards its implementation.  The said meeting will take place on 13th June, 2013 at Mumbai.  We intend to convene a Central Working Committee Meeting to finalise the decision taken in the Secretariat meeting at the earliest.  We wish that the proposal of the Secretariat is discussed in the decision making bodies of the Circles before the Central Working Committee so that the suggestions of the circles can also be considered while finalising the proposal. 
In order not to delay these processes, we will circulate the decision of the Secretariat Meeting immediately after 13.6.2013.   The Circles may plan now itself convening their Executive Committee/WC meeting immediately (after 14.6.2013) and send their comments/suggestions before 30th June, 2013.   The date of the Central Working Committee Meeting will be intimated after the Secretariat meeting.   
             
  With greetings,
Yours fraternally
,
Sd/
(KP Rajagopal)
Secretary General.




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New Income Tax Rules – Submission of false Aadhaar number may be fined Rs. 10,000

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.