Penalty for PAN and Aadhaar compliance failures applies to false quoting, non-authentication, and related document defaults.

Penalty is provided for failure to comply with the requirements connected with quoting, intimating, authenticating, or otherwise furnishing the Permanent Account Number or Aadhaar number in the documents and transactions covered by section 262. Where a person does not comply with the provisions of sections 262 and 397, the Assessing Officer may levy a penalty of Rs. 10,000. Separate penalties apply for quoting or intimating a false number, failing to quote or authenticate the number, and failing to ensure correct quoting or authentication in prescribed transactions.

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