India
Non compliance fine of Rs 10000 for PAN cardholders
Starting April 1, 2022, if someone’s Permanent Account Number (PAN) is not linked to his Aadhaar Card, your PAN card will become inactive. The income tax administration has extended the deadline for linking all PAN cards in India with Aadhaar cards to March 31, 2022. After the deadline, all PAN cards that are not linked to Aadhaar cards would be deemed inactive.
As per Section 139AA of the Income Tax Act, everybody possessing a PAN as of July 1, 2017, who is eligible for Aadhaar must link their PAN to their Aadhaar number. When completing an income tax return, the taxpayer must include their Aadhaar number.
If a PAN is invalid, the income tax agency will assume that the individual has failed to file a PAN and will impose penalties. “Where a person whose permanent account number has become inoperative…. is required to furnish, intimate, or quote his permanent account number under the Act,” the CBDT stated, “it shall be deemed that he has not furnished, intimated, or quoted the permanent account number, as the case may be, by the provisions of the Act, and he shall be liable for all the consequences under the Act for not furnishing, intimating, or quoting the permanent account number.”
Every time you fail to provide your PAN number, you will be fined Rs 10,000.
It should be mentioned that a PAN card is required for a variety of operations, including opening a bank account, purchasing mutual funds or shares, and even conducting cash transactions of more than Rs 50,000.
If a PAN is not cited or supplied as required by the Income Tax Law, a penalty of Rs 10,000 can be imposed, according to Section 272B of the Income Tax Act. A penalty might be levied for each instance of non-compliance under the requirements.
“A fine of ₹10,000 would be imposed on each default,” Naveen Wadhwa, DGM, Taxmann, explained the law. Let’s say Mr. A’s PAN stops working. He pays in cash to a hotel for an amount greater than Rs 50,000, as well as for the purchase of foreign currency for an amount greater than Rs 50,000. The income tax agency can levy a penalty of Rs 20,000 in this case, i.e. Rs 10,000 for each default.”
The Union government included a new provision 234H to the Income Tax Act in Budget 2021, requiring individuals to pay a penalty if their PAN and Aadhaar are not connected by the deadline. If a person misses the deadline, he or she will be responsible to pay a penalty of not more than Rs 1,000.
“Even though the deadline for connecting your PAN with your Aadhar has been extended to March 31, 2022,” Sujit Bangar, creator of Taxbuddy.com, stated, “it’s important to complete this connection as soon as feasible.” The linking of PAN and Aadhar provides several advantages, including faster refunds.”
When the Aadhaar connection procedure is completed, your inactive PAN cards will become operational.
Latest News
Navi Mumbai ACB Arrests Inspector, Security Guard in ₹43,000 Bribe Case
Duo allegedly demanded money for processing Mathadi worker registration at APMC market.
The Case
The Navi Mumbai Anti-Corruption Bureau (ACB) has arrested an inspector and a security guard for allegedly demanding and accepting a Rs 43,000 bribe at the APMC market in Turbhe.
The accused have been identified as Bharat Rajaram Kadam (56), an inspector with the Grocery Market and Shops Board, and Vijay Narayan Pawar (38), a security guard.
According to the ACB, a 35-year-old auto-rickshaw driver had applied for registration as a Mathadi worker after an acquaintance left the position. During the process, he was allegedly asked to pay Rs 55,000 to get the required documents and register receipt processed. The security guard allegedly demanded Rs 5,000 for himself and Rs 50,000 on behalf of the inspector. Unwilling to pay the bribe, the complainant approached the ACB on October 5.
After verifying the complaint, the ACB laid a trap at the board’s office in the APMC Fruit Market. During negotiations, the alleged bribe amount was reduced to Rs 43,000. The complainant then handed over the money in the presence of witnesses, following which the ACB team immediately took both accused into custody.
A case has been registered against them under the Prevention of Corruption Act at the APMC police station. Further investigation is underway. The incident has once again highlighted concerns over corruption in processes that directly affect workers seeking employment-related registrations. The ACB has urged citizens to report demands for bribes rather than giving in to such pressure.
Latest News
Navi Mumbai Police Prepare Traffic Plan for New International Airport
Authorities focus on smooth passenger movement as flight operations are expected to increase.
The Plan
With flight operations at Navi Mumbai International Airport (NMIA) expected to increase, the Navi Mumbai Police have begun preparations to manage the expected rise in traffic around the airport.
Police officials are working on a detailed traffic management plan, particularly for passengers travelling to the airport from Mumbai and Thane. The focus is on identifying busy routes, possible congestion points and measures to ensure smoother movement of vehicles. The opening of NMIA is expected to significantly change traffic patterns in Navi Mumbai and neighbouring areas. With more passengers and vehicles expected on the roads, authorities are looking at ways to prevent traffic bottlenecks, especially during peak hours.
The police are also considering the possible movement of some flights from Chhatrapati Shivaji Maharaj International Airport in Mumbai to NMIA. Any such shift could further increase passenger traffic towards Navi Mumbai.
Officials are therefore assessing key approach roads and planning traffic diversions and other measures wherever required. The aim is to ensure that passengers can reach the airport without unnecessary delays while regular commuters and local residents are also able to travel smoothly. For Navi Mumbai residents, the new airport is expected to bring major economic and connectivity benefits, but managing the additional traffic will be equally important.
Police preparations are aimed at ensuring that the growing airport activity does not lead to major traffic problems and that the new airport remains easily accessible for passengers from across the Mumbai Metropolitan Region.
Latest News
Nerul Station Area Faces Safety Concerns Over Illegal Activities
CIDCO urged to hand over open land to NMMC for better maintenance and development.
The Activities
The area outside Nerul Railway Station on the western side has become a growing concern for residents and commuters due to poor maintenance and alleged illegal activities. Issues such as unauthorised parking, garbage accumulation, the presence of homeless people and suspected drug-related activities have raised safety concerns, particularly among women using the station.
To address the problem, efforts are being made to transfer the open land from CIDCO to the Navi Mumbai Municipal Corporation (NMMC). The move is expected to allow the civic body to take up cleanliness, beautification, parking management and other development work in the area.
A meeting was held in the presence of a state minister following an initiative by corporator Girish Mhatre. The safety and development of the area around the station were discussed during the meeting. The NMMC Commissioner has also formally requested CIDCO to hand over the land to the civic body. Residents hope that the transfer will lead to better upkeep and make the area safer and more accessible for commuters. Improved lighting, cleanliness, organised parking and regular monitoring could help address several of the existing concerns.
The meeting also discussed houses located along the railway tracks that have existed since before 2000. Authorities decided to hold off on immediate action against these residents while working towards a permanent solution. For daily commuters, residents say the priority is simple—turn the neglected space around the station into a clean, organised and safe public area.
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