Skip to main content

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.
Post a Comment

ITEF's new circular on CR and other issues


The ITEF issued a circular after the meeting of PGRC which was held on 25th March, 2014 as scheduled. The outcome of the meeting on some of the agenda items is as under:

Cadre Restructuring : On the matter of Cadre Restructuring it is informed that there will not be reduction of posts in any charge and all charges will get the entitled additional posts. The proposal is now awaiting the final approval of the Finance Minister and in all probabilities the same will be notified by 31st March 2014. Read previous post in this regard : Status of Cadre Restructuring of IT and Dearness Allowance

Recruitment Rules :  The Officials in the HRD is working on it and the Representative of ITEF have been asked to discuss the same with them.

Laptops to Inspectors : It is informed that there was some confusion in the DOE about various proposals viz. Replacement of laptops to Officers, Provision of Laptops to AO & PS etc. Now the proposal for Laptops to ITIs has been detached and resubmitted. The Directorate (infra) is pursuing the matter.

Mobile hands to all personnel:  This proposal is pending for approval from the Dept. Of Expenditure.

Enhancement of Local Travel Expenses of ITIs / NSs: The proposal approved by the Board and submitted to the IFU has been returned for further clarifications. The Clarifications and suggestions sought from the Chief Commissioners are awaited to further the matter. It is also informed that none of the CCsIT have respond yet, except the CCsIT of Bhuvaneswar, Hyderabad, Bangalore and Chandigarh..

Adv. Increment to Sr. TA / Stgr. on passing ITIs Examination:  The Member (P & V) directed the Directorate (V & L) to further examine the matter in the light of the favourable verdicts of various CA Tribunals.


Objection raised by ITEF on publication of communication on irsofficersonline: ITEF strongly objected to the publication of communications on service and other administrative matters through the official website of IRS Officers only, access to which is restricted to IRS Officers with pass word. The assurance for putting all such communication in the official website of the department i.e. www.incometaxindia.gov.in is given.
Labels:

Comments

Post a Comment

Popular posts from this blog

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.
Post a Comment
Read more

Last date for filing the acknowledgement extended for AY 2009-10, 2010-11 and 2011-12

As per the new circular dated 10.02.2014, Central Board of Direct Taxes, in exercise of powers under section 119 (2) (a) of the Act, hereby further relaxes and extends the date for filing ITR -V Form for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns e-Filed with refund claims within the time allowed under section 139 of the Act. The taxpayer concerned may send a duly signed copy of ITR-'V' to the CPC by this date by speed post In such cases, Central Board of Direct Taxes also relaxes the time-frame of issuing the intimation as provided in second proviso to sub section (1) of Section 143 of the Act and directs that such returns shall be processed within a period of six months from end of the month in which ITR-V is received and the intimation of processing of such returns shall be sent to the assessee concerned as per laid down procedure. Provision of sub-section (2) of section 244A of the Act would apply while determining the interest on such refund
Post a Comment
Read more

DA will be 100% w.e.f. January 2014

Now it is very clear from the AICPIN issued today that DA will be 100% w.e.f. January 2014. Decline in AICPIN for December, 2013 vanished the expectation for crossing the DA from 100%. However, it will give a great relief to Central Government Employees and Pensioners as DA will be enhanced by 10% again. View ITian India on Facebook View statistics data for AICPIN here
Post a Comment
Read more