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????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 August 2018 Reply to the notice as compensation received is capital receipt exempt from tax. Request withdrawal of demand notice.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 August 2018 sir, if it is a capital receipt, why did the employer deduct TDS? most probably they paid it is taxable pension.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.