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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 proposal of the Central Board of Excise and Customs (CBEC) to be taken up in the Cabinet soon : FM


Finance Minister P. Chidambaram announced on Wednesday the setting up of a mechanism to discuss tax-related, sector-specific concerns raised by industry groups and other associations to improve the dialogue between government and companies.

The finance minister also said that the government is taking steps to address manpower issues with a proposal for cadre restructuring of the Central Board of Excise and Customs (CBEC) to be taken up in the Cabinet soon. The government has to fill almost 700 vacancies above the assistant commissioner level in CBEC.

“There is a merit for having an institutional, structured mechanism to hear concerns of industry groups. At present, we get to hear about their concerns only once a year during the pre-budget discussions,” Chidambaram said at a press briefing after meeting the chief commissioners and directors general of customs, central excise and service tax.

Expressing confidence that the government will meet the revenue collection targets for the current fiscal, Chidambaram warned that “non-filers”, those who do not pay taxes, and “stop filers”, those who used to pay taxes but have stopped, will be targeted.

“In service tax, the number of non-filers and stop filers is exceeding Rs.12 lakh. We are going to target them,” he said.

Of the indirect tax target of Rs.5.63 trillion for 2013-14, more than Rs.1.80 trillion has to come from service tax collections.

Given the lukewarm response to the service tax voluntary compliance encouragement scheme in this year’s budget, the finance minister said the tax department would run an awareness campaign to encourage assessees to take advantage of it.


Under the scheme, any service provider who has not paid service tax dues can do so without having to pay interest and penalty. The government will shortly issue a list of frequently asked questions to provide clarity about the scheme, he said.


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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.