Skip to main content

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.

Implementation of Cadre Restructuring of Income Tax Department : Circular of ITEF.........


ITEF (Income Tax Employees Federation), Central Head Quarter, New Delhi today issued a circular regarding implementation of cadre restructuring of Income Tax Department. Full details are as under:

INCOME TAX  EMPLOYEES  FEDERATION


Dear Comrades,

            This is with reference to the contents of the Circular No. 28, wherein the decision of the Central Working Committee Meeting held on 28th July, 2013 was communicated.  The decisions of the CWC on our proposal for implementation of the Cadre Restructuring, including the yardstick for Charge-wise allocation of posts, amendments to the Recruitment Rules etc. were discussed by the Sub-Committee.  The sub-committee is finalizing our proposal incorporating the suggestions made and approved by the CWC.  To discuss and finalize the same, an extended Secretariat Meeting is being convened on 24th August, 2013 at Manishinath Bhawan, New Delhi.    Taking into account the importance of the issue and short time available with us, it is requested that all the Secretariat Members and Circle General Secretaries (who are not members of the Secretariat) to make it convenient to attend the said meeting.  Notice for the same is enclosed.


            In order to re-verify the Official figures of work load obtained by the CHQ from the authorities, all the Circle General Secretaries are requested to obtain and intimate the official figures of manually filed returns reported by the CCIT(CCA) as on 31.3.2013.  This information may please be provided either by e-mail or by SMS positively by 19th August, 2013.  Since any delay in the communication may hamper the finalization process which is underway, a positive and timely response on this matter is required from your side.

            Attention is also drawn to the discussion of the CWC Meeting with regard to the clearance of the Dues ( Renewal Fees and Aayakar Dues).  All of you will appreciate that financial crunch at CHQ at this point of time cannot be of least importance.  As has been promised in the CWC Meeting all Circle General Secretaries are requested to make arrangements for the clearance of the dues on 24th August, 2013.

            With greetings,

Yours fraternally,

Sd/
(KP Rajagopal)

Secretary General.

To get the latest updated news like ITian India on Facebook.



Comments

Popular posts from this blog

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.

DA will be 100% w.e.f. January 2014

Now it is very clear from the AICPIN issued today that DA will be 100% w.e.f. January 2014. Decline in AICPIN for December, 2013 vanished the expectation for crossing the DA from 100%. However, it will give a great relief to Central Government Employees and Pensioners as DA will be enhanced by 10% again. View ITian India on Facebook View statistics data for AICPIN here

Last date for filing the acknowledgement extended for AY 2009-10, 2010-11 and 2011-12

As per the new circular dated 10.02.2014, Central Board of Direct Taxes, in exercise of powers under section 119 (2) (a) of the Act, hereby further relaxes and extends the date for filing ITR -V Form for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns e-Filed with refund claims within the time allowed under section 139 of the Act. The taxpayer concerned may send a duly signed copy of ITR-'V' to the CPC by this date by speed post In such cases, Central Board of Direct Taxes also relaxes the time-frame of issuing the intimation as provided in second proviso to sub section (1) of Section 143 of the Act and directs that such returns shall be processed within a period of six months from end of the month in which ITR-V is received and the intimation of processing of such returns shall be sent to the assessee concerned as per laid down procedure. Provision of sub-section (2) of section 244A of the Act would apply while determining the interest on such refund