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. ...
Notification for Extension of date for receipt of ITR-Vs in CPC, Bengaluru. for the cases of AY 2012-13 and 2O11-12 received in e-filed in FY 2012-13.
There are many taxpayers who have
uploaded their Income Tax Returns electronically (without digital signature
Certificate) for A.Y. 2O11-12 [filed during F.Y. 2O12-13 and for ITRs of A.Y.
2O12-13 [filed on or after 1.4,2012], but have either not filed the
corresponding ITR-V or have filed it with the local Income-tax office. ITR-V is
accepted only at the Centralized Processing Center (CPC) of the Income-tax
Department at Bengaluru by ordinary or speed post. Therefore, a final
opportunity is being given to such taxpayers to regularize their Income-tax
returns. All such taxpayers may mail the ITR-V, by 31st October, 2O13, by ordinary post or speed post
at Post Bag No. 1, Electronic City Post Office, Bengaluru - 560100 (Karnataka).
Taxpayers who have filed their ITR-V with the local Income-tax office may again
mail their ITR-V to the CPC by 31st October, 2013. Those taxpayers who have
earlier mailed their ITR-V, but have not received the acknowledgement e-mail
from the CPC, may mail their ITR-V to the CPC again.
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The ITR-V form should be mailed
to the CPC only at the above address by ordinary post or speed post. Taxpayers
may note that no other place or form of delivery will be accepted.
Taxpayers may also note that
without acknowledgement of the ITR-V from the CPC it would not be possible for
the Income-tax Department to process the Income-tax returns or issue any
refunds there from, as these would be treated as not having been filed with the
Department.
Source : incometaxindia.gov.in
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