24 February 2018
In financial year 2016-17 I have received ad-hock bonus 10362 and also paid income tax on it. but now in financial year 2017-18 that amount was recovered. what to do for getting income tax refund. can we deduct 10362 from the income of this financial year directly for calculation of income tax, or we approach to income tax deptt. Please solve my problem with documentary proof so i can submit to my deppt.
26 February 2018
You may reduce the current year's Income by Rs.10,362 and file your returns. Keep a documentary proof to establish your action in case clarification
26 February 2018
Alternately, you can also request your Employer to recompute the FY 2016-2017 salary income , revise and issue a revised Form 16 and revise the TDS return.
Upon receipt of the above, you may revise your last year's IT return without any worry