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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.
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Five New IIITs Start from this Year Under PPP Mode



Five New Indian Institute of Information Technology (IIITs) in the Public Private Partnership (PPP) mode have started from this academic session. They are Chittoor in Andhra, Kota in Rajasthan, Tiruchirapalli in Tamil Nadu, Guwahati in Assam and Vadodara in Gujarat. This is a part of a major step taken by the HRD Ministry to promote 20 IIITs in the current Five Year Plan under this scheme. Five more are expected to start from the next year.

These Institutes are steps forward in promoting academia – Industries Partnership in technical education as the content of the Syllabi will be Industry aligned. The employability of the students will vastly improve. There will be more Research in the specific field required by the IT Industry and there will be greater interface between Teaching and Industry. The Confederation of Indian Industries after a survey had earlier said that only one in four graduates passing the B.Tech exams. are worth getting a job.

The next five IIITs to start functioning from 2014-15 are in Kerala, Himachal, Madhya Pradesh, Tripura and Karnataka.


Source : PIB
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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.
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