All of you get to hear some new news about Aadhar card, something similar has come up recently. You will be aware about the use of the same Aadhar card that many government works require an Aadhaar number. A few months ago, to overcome the problem of taxpayers, the Income Tax Department allowed the use of an Aadhaar number in place of Permanent Account Number (PAN), but if you misuse this rule and give the wrong Aadhaar number, then you A fine of 10 thousand rupees can also be imposed.

Will the rules apply in these places? According to the information received, according to the amendment made in the Income Tax Act, 1961, Aadhaar number can be used instead of PAN. In the new amendment, the provision of penalty will also be issued for giving the wrong Aadhaar number. Let us tell you that this rule will be applicable only in those places where the Aadhaar number can be used instead of the PAN number.

For example, to fill income tax returns, to open a bank account or to buy bonds or mutual funds, bonds, etc. of more than 50 thousand rupees. In these situations, penalty will be imposed on giving incorrect Aadhaar number instead of PAN, if you do not give both PAN and Aadhaar on any type of transaction, you will have to pay penalty if the identification fails if you do not provide biometric identification with Aadhaar number.

Also Read: 

New models of KTM and HONDA will be launched soon, Know some special features!

Xiaomi became number one smartphone brand in India

Vodafone launches new offer, free additional data with unlimited calling

Redmi Note 8 will be available in the sale from noon 12, know full details