Skip to main content

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. ...
Post a Comment

There is no proposal to increase the age of retirement of Government employees : Rajyasabha Question Answer


In reply to question raised on plan to increase the retirement age of Government employees, Minister of State in the Prime Minister’s Office stated that there is no proposal to increase the retirement age of government employee from 60 to 62 years. It is a break in all divination of enhancement of retirement age. It is hopeless news for retiring employees whereas it is good news for those employees who are waiting for their promotion on account of retirement.

          The details of question answer is as below :

UNSTARRED QUESTION NO-1465
ANSWERED ON-22.08.2013

Plan to increase retirement age of Government employees

1465 . SHRI PANKAJ BORA

(a) whether Government has any plan to increase the retirement age of Government employees; and
(b) if so, by when and if not, the reasons therefor?

ANSWER

Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office. (SHRI V. NARAYANASAMY)


(a) & (b): As per Fundamental Rule 56(a) except as otherwise provided, every Government servant shall retire on attaining the age of 60 years. At present, there is no proposal to increase the age of retirement of Government employees.




Labels:

Comments

Post a Comment

Popular posts from this blog

Approach of ITEF - Cadre Restructuring of Income Tax Department and Implementation.

                              A secretariat meeting was held for the discussion on Cadre Restructuring of IT Department and its implementation on 13.06.2013. After the discussion in Secretariat, some decisions were taken including call of an extra ordinary CWC meeting on 17.07.2013. A circular is issued by ITEF in this regard which is as under :              Cadre Restructuring of IT Department and Implementation- Our approach. The Secretariat of the Federation met at Mumbai on 13 th   June, 2013, as scheduled.  All the Secretariat Members were present except Coms. Mukteswar Pd. Singh, Subir Majumdar and Ujjal Hore.  The four advisory Committee Members were also present as special invitees.  The main agenda item discussed during the meeting was the approach towards the implementation of the Cadre Restructuring proposal approved and not...
Post a Comment
Read more

JCA, WB letter to Rev Sec seeking intervention against discrimination regarding allocation of posts

After the recommendation of Core Committee for allocation of posts, JCA West Bengal sent a letter to Revenue Secretary seeking intervention against discrimination made with West Bengal charge. With regard to WB region it is pertinent to mention here that Core Committee in its report reduced the number of posts of Principal CIT, Addl CIT, ACIT/DCIT and ITO from the recommendation of Sub-committee no.-1. JCA, WB was already not satisfied with the recommendation of Sub-committee no. 1. Like ITian India on Facebook Read here letter of JCA, WB dated 20.01.2014 sent to  Revenue Secretary
Post a Comment
Read more

DA will be 100% w.e.f. January 2014

Now it is very clear from the AICPIN issued today that DA will be 100% w.e.f. January 2014. Decline in AICPIN for December, 2013 vanished the expectation for crossing the DA from 100%. However, it will give a great relief to Central Government Employees and Pensioners as DA will be enhanced by 10% again. View ITian India on Facebook View statistics data for AICPIN here
Post a Comment
Read more