25 July 2023
hi , my query is for the TDS paid on retention bonus. Retention bonus was received in FY 21 post deduction of Tax. The next year the employee resigned and had to pay the full amount back to the company. The bonus paid back, is shown in the full and final letter given by the company. however; how to get the refund on the tax which is already paid in the previous year. Please advise, how to claim the tax on amount paid back. Should it be reduced in the income from Previous employer or shown as any other deduction?
25 July 2023
but the issue is in the Form 16 they have not showed the amount paid back to the co; however there is statement from co in Full and final settlement showing the gross amt paid back as retention bonus.
CAclubindia
