one of my friend have joined his employment in april 2009 and received a joining bonus of Rs.x, on which the employer has deducted tax @ 20% flat on the amount paid. As per the employment rules, my friend has to work 2 complete years, to retain the joining bonus. But in april 2010 he left the employement and paid back the joining bonus to the employer. He joined a new company.
Now the question is whether, he can reduce the paid back joining bonus from the salary received from 2nd employer for fy 2010-11.
He has still not filed his return of income for FY 2009-10 & FY 2010-11.
or can he claim from salary of 1st employer, fy 2009-10 and file the return with refund of TDS.
Please give your valuable suggestion at the earliest.
regards.
CAclubindia
