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.
No DA Merger, No increase in
Retirement Age, but Interim Relief may be possible. The proposals for DA merger
and increase of retirement age have not been considered by the central cabinet
meeting held on Sunday evening. As such, the proposals of Enhancement of Retirement age
of Central Government Employees from 60 to 62 years and Merger of DA to basic
pay may not be materialized now before General elections. But there is a
possibility of Interim Relief before elections by the Pay Commission.
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