Accidental Death & Compensation:
(Income Tax Return Required)
Knowledge is Power....
If a person has an accidental death and the person was filing income tax returns for the last three years, then the government is obliged to give ten times the average annual income of the last three years to that person's family.
Yes, you will be surprised by this, but this is right and it is Government rule.
For example, if someone's annual income is 4 lakh 5 lakhs and 6 lakhs in the first, second and third years respectively, its average income is ten times of five lakhs.. means fifty Lac rupees, family of that person is entitled to receive from the Government.
In the absence of much information, people do not take this claim with the Government.
If any return is missing, mainly last three years, this could lower the claim amount or even no claim because court takes ITR as only evidence.
NO wealth record, FD's; business etc. is given that much importance as compared to ITR in the eyes of law.
Many a time, people do not file ITRs regularly..or it will be taken lightly..
Due to lack of information the family receives no economic benefits.
Source - forwarded
Section 166 of the Motor act, 1988 (Supreme Court Judgment under Civil/ Appeal No. 9858 of 2013, arising out of SLP (c) No. 1056 of 2008) Dt. 31 Oct. 2013.
Is it true?
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Death compensation for a tax payer
Replies (16)
The compensation is awarded by insurance company as per M.A.C.T. guidelines.....
how-to-claim-road-accident-compensation-as-per-m-a-c-t-guidelines
Dear Dhirajlal sir,
Mr. XYZ Person Filed Return 2013-14 he There After Non- Filing of Income Tax Return His Death 2018 he Can Filed Return 14-15 , 15-16, 16-17, 17-18, 18-19 Which Section Legal Ground Knowledge As Income Tax Act 1961.
He Can Filed Sue Again Party Motor Vehicles Act 1988 compensation Mr.Raja Seker Are and Please Give me Compostion Rules .
Valuable information
But where the legal heir have to appeal to motor act ot income tax Or to the person who had been involved in the accident
In which section of Income Tax Act or Rule , It is mentioned ?
Please reply
But Sir where to apply for this
My question is same.
in Concernrd motor accident claims tribunal
https://www.jagran.com/business/biz-news-about-govt-compensation-in-case-of-accident-deaths-is-fake-17768811.H T M L
Read above article to varify above. It's fake and misleading.
Sir where to apply this one
My question is also same in which section of Income Tax Act, it is mentioned that if a person has an accidental death and the person was filing income tax returns for the last three years, then the government is obliged to give ten times the average annual income of the last three years to that person's family.
In section 166 of motar Act 1988 cover not in income tax
In section 166 of motar Act 1988 cover not in income tax
Under the Motor Vehicles Act of 1988, Section 166 allows individuals to seek compensation for various accident-related situations. This includes bodily injuries suffered, fatalities resulting from the accident, property damage or loss, and permanent disabilities like loss of sight, hearing, impairment of body parts, or disfigurement. While there's no specific time limit mentioned in the Act, it's advisable to register claims promptly to ensure a smoother process and obtain the deserved compensation. The Vehicle Accident Claim Tribunal evaluates these cases and awards compensation accordingly, emphasizing the importance of timely and legitimate claims.
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