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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.

NMC appeals PM to announce 10% DA due from July 2013 in next Cabinet Meeting

National Mazdoor Conference (NMC) today appealed to the Prime Minister to announce the pending installment of 10% DA due from July this month in favour of both central and state Govt, employees and pensioners at the next union cabinet meeting.

This was state by NMC President Subash Shastri while addressing a workers rally at Brahman Sabha. He said that the salaried class was facing lot of economic hardship due to high inflation and price rise and the early release of DA installment would be genuine measure to provide some relief to them and adding that the delayed in release of DA would not only puts burden on the Central Govt, exchequer to liquidate the arrears but also increase the difficulties of both Central and State Governments employees and pensioners.

While recalling recommendations of Central 4th commission which was implemented in January 1986 by the then Govt. Shastri said that it also had recommended that the new pay commission should constituted as soon as DA crosses 50% of the basic pay/pension as now the DA has already touched 80% and request for early setting up of new pay panel, citing the erosion of real wages due to high inflation since implementation of the sixth pay commission recommendations.

Source: http://www.kashmirtimes.com/newsdet.aspx?q=19842

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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.