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 FORMULA MAY GOING TO BE CHANGED : New series of Consumer Price Index (Base for calculation of D.A) under preparation
Ministry of Labour
and Employment, Government of India has decided to prepare a new series of
Consumer Price Index for Industrial Workers.
For this purpose,
Government has set up a Standing Tripartite Committee (STC) to advise the
Government on issues pertaining to the Consumer Price Index for Industrial
Workers (New Series).
The STC will go
into details of various parameters that are taken into consideration for
updation of the base year such as the weighting diagram, consumption basket,
selection of centres, sample size of establishments for price collection etc.
Government has no
specific information about the skilled/semi-skilled worker outsourced by the
Central Government /State Governments through contractors not being paid as per
the CPI.
However, the
Contract Labour Act, 1970 inter-alia, contains provisions for payment of wages
to these category of workers.
The contract
workers are also entitled to receive minimum wages as notified by the
appropriate Governments from time to time.
This information
was given by Minister of State for Labour & Employment Shri Kodikunnil
Suresh in the Lok Sabha today in reply to a written question.
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