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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. ...
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NMC urges PM to appoint chairman for 7th Pay Commission


Jammu : National Mazdoor Conference has asked Prime Minister Manmohan Singh to immediately appoint the chairman and other members of the 7th Pay Commission and hold discussions with representatives of the Centre and state government employees in this regard.

"National Mazdoor Conference has urged to Prime Minister Manmohan Singh to immediately appoint chairman and other members of the 7th Commission and hold discussions with representatives of both Centre and state government employees in this regard as the Central and state government employees and pensioners will be entitled to 7th Pay Commission with effect from January one, 2016," NMC President Subash Shastri said.

An early notification for appointing chairman and other members of the announced 7th Pay Commission is the need of the hour, as it will have a bearing on about one crore employees and pensioners, both with the Central as well as state governments, Shastri said addressing a NMC workers rally at Rani Park here.

"50 per cent of the DA should be forthwith merged into the basic pay and pension," he suggested, adding that 20 per cent interim relief should be sanctioned as early as possible in favour of Central and state government employees and pensioners.

The NMC chief also demanded regularization of all daily- rated workers and casual and seasonal labourers engaged in different government departments.

He appealed to the Chief Minister, Finance Minister and Chief Secretary to formulate a comprehensive policy for the regularization of all such workers.

Source :          The Economic Times


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