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.
Payment of Quarterly Advance Tax on or before 15th September, 2013; All Designated Branches of Authorized Banks to Function on 14th and 15th September, 2013 (Saturday & Sunday)
All designated branches of
authorized banks have been asked to function on 14th and 15th September, 2013
(Saturday & Sunday) to accept advance tax payments. If any tax payer fails
to pay the advance tax on 14th/15th September, 2013, then he/she can make the
payment even on 16th September, 2013.
Payment of Quarterly Advance Tax
on or before 15th September, 2013 by the tax payers is a statutory requirement.
All such tax payers who are liable to pay advance tax must make payments in the
designated branches of the banks authorized to accept tax payments.
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