Aadhaar card holders may be fined ₹10,000 for making this mistake


Aadhaar Card, which is one of the most important identification document for anyone living in India can make you pay a fine of up to 10,000 INR now. Yes! you heard that right and the sum would be chargeable if you happen to mention wrong Aadhaar inf​ormation on your Income Tax documents while filing ITR.

pan card aadhar link 1549698132

The Income Tax department has shown leniency and from now onwards they have allowed the use of 12-digit biometric id number which is shown on Aadhaar Card instead of PAN number while filing ITR, the option for which was unavailable earlier. But this functionality does come with a price as we have mentioned earlier.

The fine will be charged due to the latest amendment in the Income Tax Act 1961, as presented in the Finance Bill 2019 and there it was declared that the Tax Payer can use Aadhaar information while filing of ITR but would be fined if the information seems incorrect.

The latest rule applies in other various situations also and in each one of the situations, the Income Tax department had made the availability of PAN card mandatory but now they are loosing up a little. Some of the situations include filing tax returns (ITR), the opening of bank account, Demat account and buying mutual funds, bonds, etc worth more than 50,000.

07 10 2019

One thing to notice in all that is, UIDAI is not charging the fine and its the Income Tax department who is pressing new fine rules. Earlier there were similar fines for providing the wrong PAN number but due to the recent introduction of PAN-Aadhaar interchangeability, this fine has been extended to Aadhaar too. The penalty for graduating PAN can be seen Under Section 272B of the Income Tax Act, 1961 and the amount charged is 10,000 INR for each default.

The fine is not limited to individuals but is also applicable to Banks, financial institutions and any other body that requires PAN or Aadhaar for its functioning. In cases where such a body is involved, the fine would be charged if they fail to identify a mistake or fail to authenticate the identity of an individual via PAN or Aadhaar.

The fine that will be charged is 10,000 INR for each time you enter wrong information so if you are someone who is going to unburden themselves by signing of multiple forms and submit to various departments and that too all in one day, please do check that if you details are correct. Otherwise, you could go into heavy losses.

Related articles

Pan Cards to Be Linked to Aadhaar Cards: Mandatory for All.

April 1st will mark the end of your, Permanent Account Number (PAN) card’s validity, lest you link it...

How To Change Residential Address On Your Aadhaar Card Via Online Method

When the government announced the nationwide lockdown, thousands of citizens went through a tough time due to a...

Can Aadhaar Number Be Used For Possible Bank Frauds? Explained below

We have seen certain times that hackers such as Elliot Alderson, who took up this name from the...

Avail More Than 35 Services While Using the mAadhaar App: Find Out More

The mAadhaar app which was created by the Unique Identification Authority of India (UIDAI), can now be used...

How To Change Your Name in Aadhaar Card and PAN Card Online?

Aadhaar Card is a prime document for a citizen of India as it is required in all kinds...

How To Change Your Aadhaar Card Credentials In 2020

Aadhaar card is a unique one-time government-issued identity card for all Indian residents. It has a unique 12-digit...

Link Your Aadhaar and Ration Card Together Before 30th September

The Union Ministry of Consumer Affairs, Food, and Public Distribution has announced that the last date for getting...

Lock Your Aadhaar Card by Following These Simple Steps to Prevent Its Misuse

Aadhaar is an essential document in India as it contains crucial information like demographic and biometric data and...