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.
Implementation of Cadre Restructuring of Income-tax Department : Approach and Contention of ITEF and ITGOA
Income Tax Department is the first department where Cadre Restructuring is
going to implement after 6th Pay Commission. As you all are well aware that a
core committee and 7 sub-committees have been set up for the implementation of
Cadre Restructuring of Income Tax Department. For proper implementation, region
wise committees and subcommittees are also set up in all CCIT(CCA) regions. The
time limit of these committees and subcommittees is 3 months. These committees
have to submit their final report within the time frame. CBDT has assured that
whole implementation will be completed upto the end of this calender year. Now
here are some news from the corridors of CBDT, ITEF and ITGOA. Click Here
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