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.
As per the press release published by Press Information Bureau there are no proposals for establishing news office of DGIT at various places. read full contents of press release below:
"There are no proposals for establishing new offices of Director General of Income Tax at various places in the country. However, a new office of Director General of Income Tax for Data Mining and Risk Management has been sanctioned by the Government.
To protect the interest of officers and staff of Income Tax Department the Government has approved the Cadre Restructuring proposal of the Income Tax Department and has continued with the scheme of grant incentive of 1% of the revenue collected by the Department in excess of the budget estimates.
This was stated by Minister of State for Finance, Shri J.D. Seelam, in written reply to a question in the Lok Sabha today."
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