Aadhaar card holders may be fined ₹10,000 for Giving Wrong Adhaar Card Number :

Aadhaar card holders may be fined ₹10,000 for Giving Wrong Adhaar Card Number : 

For the convenience of taxpayers, the income tax department has now allowed Aadhaar card holders to use the 12-digit biometric id number in lieu of the Permanent Account Number (PAN). But be careful while quoting your Aadhaar as giving an incorrect number might make you pay a hefty fine of ₹10,000.

The latest amendments to the Income Tax Act 1961, as presented 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.

 The new Aadhaar rule :

Although Aadhaar is issued by the Unique Identification 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. The amount of penalty shall be ₹10,000 for each default.

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