07 July 2024
I had joined my previous company in June 2023, at the time of joining I was paid a joining bonus and relocation bonus. For some reason, I had to leave the company in 3 months and return the total of these bonuses back to company, when I was paid the amount tax deductions were already made by company but at the time of returning I had to return full amount. Now, in my form 16,company has showed my total income to be inclusive of these two bonuses. On asking them to revise form 16, they denied to do the same since tax has already been paid. I have a recovery letter from the company though, stating that they recovered the bonus amounts from me. What should I do while filing my ITR?
CAclubindia
