I was paid a bonus during my stint with a company with a payback clause if I leave the firm in the next 1 year.
Now, for example, let's say I was paid a bonus of INR 100 ( indicative 😀), out of which INR 33 was cut as income tax and I got INR 77 in my account.
Then I left the firm within 1 year and I was asked to pay back INR 100, so that means I lost INR 33.
While filing my returns, is it possible to claim back this INR 33, since I paid back that amount and it was not an earning for me, hence tax should not be applied on the same.
The amount in question is big, hence looking for a solution!
CAclubindia
