Compensation from motor vehicles accident tribunal

This query is : Resolved

Babu (Querist)
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12 October 2018 The assessee got an award subsequent to his sons death in an accident in 2015 and was awarded a compensation with interest on which returns were filed and refund received. Subsequently the assessee was offered additional compensation along with interest on which tax was deducted . Since the payment related to AY 2015-16, the returns have to be revised and apply to the CIT u/s 119(2)(b). Is there any deduction additional award/compensation which can be claimed.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 October 2018 File the return in the year of tax deduction and claim refund. No need for revising that return.

Babu

Babu (Querist)
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13 October 2018 Sir, but the tax deducted on additional compensation also relates to the AY 2015-16, on which original return was filed within the prescribed time.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 October 2018 When TDS deducted on additional compensation

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