Very urgent-recovery notice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2018
Assessee has received notice for recovery for a.y. 2008-09.
Assessee has received compensation in f.y. 2007-08 regarding death of her husband at work. But it was not shown in ROI. Further TDS was deducted from compensation was adjusted against demand.
Assessee does not have any other taxable income.
Then how to go further with response to the notice????
Assessee has received compensation in f.y. 2007-08 regarding death of her husband at work. But it was not shown in ROI. Further TDS was deducted from compensation was adjusted against demand.
Assessee does not have any other taxable income.
Then how to go further with response to the notice????
CA R SEETHARAMAN
(Expert)
12 August 2018
Reply to the notice as compensation received is capital receipt exempt from tax. Request withdrawal of demand notice.
Nikhil Kaushik
(Expert)
12 August 2018
sir, if it is a capital receipt, why did the employer deduct TDS? most probably they paid it is taxable pension.
CA R SEETHARAMAN
(Expert)
12 August 2018
Assessee has received compensation in f.y. 2007-08 regarding death of her husband at work.
Limpsum compensation for death at work is a capital receipt.
Sir Let the queriest clear our doubts.
Limpsum compensation for death at work is a capital receipt.
Sir Let the queriest clear our doubts.
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