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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.

Western Railway workers threaten strike for long-pending demands

The Western Railway Mazdoor Sangh has threatened to go on strike if its long-spending demands are not. The Mazdoor Sangh has also decided to hold a secret ballot among members after four months on whether they should go on strike or not.

J G Mahurkar, general secretary of the WRMS and vice-president of National Federation of Indian Railwaymen, said that the steering committee of WRMS had met recently and decided to go on strike if their demands were not met. He further said that their demands include appointment of the seventh pay commission because dearness allowance was already 80% of the basic pay and inflation was galloping.

He further said that there was need for cadre restructuring of railway men for due promotion of three lakh employees. The railway minister is in consultation with the finance ministry and has already formed a committee for cadre restructuring, Mahurkar said.

He demanded entry grade of Rs 42,000 for station master and the abolition of the new pension scheme. The union leader further said that the railway ministry should rectify the anomalies of the sixth pay commission which are harming the operating staff and trackmen. Mahurkar also demanded that the ministry should enhance fixed medical allowance from Rs 300 to Rs 1000 for pensioners.

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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.

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