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<h1>Penalty of Rs.10,000 per default for failure to quote or authenticate PAN/Aadhaar under sections 262 and 397(2)(h)</h1> A person who fails to comply with the obligations in section 262 (and section 397(2)(h)) is liable to a monetary penalty of Rs.10,000; knowingly providing or quoting a false Permanent Account Number (PAN) or Aadhaar when required under section 262(9)(a) attracts Rs.10,000 for each default; omission to quote or authenticate PAN or Aadhaar in such documents also attracts Rs.10,000 per default; and any person charged under section 262(9)(b) with ensuring correct quoting or authentication of PAN or Aadhaar who fails to do so may be penalized Rs.10,000 for each default.