Online income tax reurn file

This query is : Resolved

PARTHA PRATIM MUKHERJEE (Querist)
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08 June 2017 Mr. X was received Rs. 11,71,000.00 from Nationalized Insurance Co. as per instruction/guidance of Sub-Div. Judge Court for accidental death of his only son. Insurance Co. issued TDS certificate of Rs. 46,000.00 (as Non PAN deductee) against amount paid or credited of Rs.2,30,000.00 U/s. 194A.
Now, Mr. X wants to file return and get back the TDS amount.
What would to do?, Please help and advice.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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08 June 2017 Apply for PAN.You will receive it within 10-15 days. Give that no to insurance co & ask them to revise there return. Then file your IT Return claiming refund of TDS deducted.

PARTHA PRATIM MUKHERJEE

PARTHA PRATIM MUKHERJEE (Querist)
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08 June 2017 Thanks Mam,
He have PAN, Insurance Co. wrongly deducted as Non PAN Deductee, But my question is what will be his income?, Is it Rs.11,71,000.00 or Rs.2,38,000.00, Please advice about Form No. & Income Amount.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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08 June 2017 Income of Rs.1171000/- is shown in ITR-3.

Suresh Mittal

Suresh Mittal (Expert)
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08 June 2017 Taxable income is only Rs. 2,30,000.00 being interest. Insurance claim is exempt income. ITR-1

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