Sunday, September 10, 2017
VERY IMPORTANT INFORMATION FOR ALL ARMED FORCES PENSIONERS - Accidental Death & Compensation (LAST 3 YEARS Income Tax Return Required)
Respected veterans ,
Forwarded as received. Some one, Kindly verify this.
If a person has an accidental death and the person was filing income tax returns for the last 3 years, then the Govt is obliged to give 10 times the average annual income of the last 3 years to that person's family.
Yes, you will be surprised by this, but this is right and it is the Government rule.
For example, if someone's annual income for the last 3 years - is 4 lakh 5 lakhs and 6 lakhs in the 1st, 2nd and 3rd years respectively, its average income is 5 years and therefore the compensation would be 10 times of 5 lakhs that means 50 Lakhs rupees. The family of that person is entitled to receive from the Government.
In the absence of much information on the subject, many people do not claim this amount from the Government.
If any Income Tax Return is missing, mainly last 3 years, this could lower the claim amount or even no claim is admitted because the 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 is taken lightly.
Due to lack of information on the subject, the family receives no such compensation benefit.
(Reference & Authority : Section 166 of the Motor Vehicles Act, 1988 (Supreme Court Judgment under Civil/ Appeal No. 9858 of 2013, arising out of SLP (c) No. 1056 of 2008) Dated 31 Oct 13.
Spread the word so as to enable affected individuals and families claim their entitled compensation benefits.
(Source:Fwd by UR Singh/ Via Gp e-mail from Col SS Sohi (Retd)