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 Government has increased the income criterion for the
persons to avail reservation benefits for Other Backward Classes from Rs. 4.5
lakh to Rs. 6 lakh per annum with effect from 16.05.2013.
The increase in the income limit to exclude Creamy Layer is in
keeping with the increase in the Consumer Price Index.
The increase in income limit of Creamy Layer would enable more
people of Other Backward Classes to take advantage of reservation in Government
Services and admission in Central Educational Institutions, thereby bringing
about equity and greater inclusiveness in society.
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