Compensation from motor vehicles accident tribunal
This query is : Resolved
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.
13 October 2018
File the return in the year of tax deduction and claim refund. No need for revising that return.
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.
13 October 2018
When TDS deducted on additional compensation
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