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.
All-India
CPI-IW for September, 2013 rose by 1 point and pegged at 238. According to this increase Dearness Allowance for Central
Government Employees & Dearness Relief for CG Pensioner confirmed to be
100% from January, 2014. This increase and present economic scenario are making
less possibility that the DA/DR for Jan, 2014 may not cross 100% or may stop at
99%. It is highly expected that DA from January 2014
may increase upto 10% to 11%.
The Central Dearness Allowance is
used to calculate with the help of last 12 months' All India consumer Price
Index for Industrial Workers (AICPIN-IW). AICPIN-IW is declared by Labour
Bureau Deptt., Government of India. The
month-wise AICPIN is listed below:-
S.N. Month AICPI
2 February-13 223
4 April-13 226
5 May-13 228
6 June-13 231
7 July-13 235
8 August-13 237
9 September-13 238
10 October-13 Yet to be Declared on 29-Nov-13
11 November-13 Yet to be Declared on 31-Dec-13
12 December-13 Yet to be Declared on 31-Jan-14Like ITian India on Facebook
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