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.
The CBEC cadre review proposal
has been approved by the committee of secretaries. Now the question is
"will it pass through the 'Group of Ministers' and finally be approved by
the cabinet ?"
The CBDT
cadre review followed this way. But sources indicated that as the committee of
secretaries did not make any major change in the proposal, it is not required
to go to the 'Group of Ministers'. The cabinet note is likely to be prepared
within a couple of days and the file will be sent for cabinet approval. It is expected
that the proposal will be cleared by the cabinet by
13th September.
Source
: http://paycommissionupdate.blogspot.in/
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