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.
Extension of due date of filing of Income Tax Returns from 31st July 2013 to 05th August 2013 and arrangement of special counters
The Central Board of Direct Taxes today extended the due date of filing of Income Tax Returns from 31 st July 2013 to 05 th August 2013. In view of this, CBDT also directed to all Chief Commissioners of Income Tax (CCA) to make arrangement for special counters for accepting the returns of income from 1 st August to 5 th August (including 3 rd and 4 th August, being Saturday and Sunday respectively) to facilitate income tax payers to file the income tax returns.