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.
Today, Chairman, CBDT issued a message and congratulated all the 18 officers
who have been elevated to the grade of
Principal CCIT in the Apex scale of Rs.80000/-. Chairman also conveyed this day a Historic day for the Income Tax Department.View the Promotion Order here
Now this is the term of rest of the employees of Income Tax Department who are in queue to promotion. It is expected that the notification for implementation may be issued before 31.03.2014. View the ITEF Circular here.
Order for revised rate of DA released.
Dearness Allowance payable to
Central Government employees shall be enhanced from the existing rate of 90% to
100% with effect from 1st January, 2014.
The additional installment of
Dearness Allowance payable under these orders shall be paid in cash to all
Central Government employees.
The payment of arrears of Dearness
Allowance shall not be made before the date of disbursement of salary of March,
2014.
View the Order here.
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