New Delhi: Like hundreds of crores rupees collected because TDS from the number of claims of accidents on the road given to the victim’s family remained unclaimed, the Supreme Court on Thursday asked the center to check how the number of families like that might not enter the tax bracket and also lack awareness about this problem.
Judge Sanjay Kishan Kulul and MM Sundresh, who has passed a series of orders to streamline the process to ensure that compensation is given to the families of road accident victims, set a two-month deadline for the development of cellular applications that can be used as a single platform to apply and process accident insurance claims Road in a fast way.
It was taken to the court notice by advocating for N Vijayaraghavan and Nair Vipin, who helped the court as Amicus Curiae, that the non-claimed TDS was around RS 600 Crore back in 2017 and the number could increase a lot of fold now.
They begged the court to examine this aspect as well as AS10-20% of the amount deducted as TDS.
“In all cases where tax deductions in Source (TDS) are applied in accordance with Section 194-A from income tax laws, 1961, insurance companies / transportation companies / other must submit a 16-A statutory form immediately after submitting TDS returns to the department Income tax.
Wealth, will after that, can submit it to the prosecutor, at the right recognition, to find a refund anywhere, “they send it.
Approving with submission, the bench said that people must be notified of refunds.
“Many may not come in tax nets and may not archive the return of income tax (ITR).
A large number of people do not know how to claim because of their socio-economic background,” said the bench and asked the lawyer additional Generaljayant K Sud to check and bring him to Center notice while expressing hope that the problem can be handled in the budget.
The bench also expressed displeasure of the General Insurance Council (GIC), a nodal body for insurance companies, because it did not obey his orders to develop cellular applications.
However, the court agreed to give it more than two months after senior advocate Atul Nanda, appearing for the council, convincing the task will be carried out within eight weeks because 90% of the work has been done.
The previous APEX court ordered that electronic facilities were adopted in all procedures to provide compensation, directly from police archiving reports within 48 hours by email or special websites and insurance companies that deposit money through electronic transfers.
Explore how to refund crores in TDS from Claim Accident Road: SC to the Government
