Hello,
I had recieved a joining bonus from a company in FY22-23, which I had paid back in May 2023. I had asked them to adjust the same in the form16, but it was not done by the company. While filing my tax return for FY22-23, I did not apply for the refund on the joining bonus as I was not sure of how to do it.
I have fnf settlement statement where they have mentioned Joining Bonus recovery, and I also have the transaction proof of the bank showing payment of the said amount.
Now can I get the tax refund for the tax amount on this joining bonus? What is the process for getting it done? I saw somewhere I can still apply for refunds within 12 months from closing of the AY. Is that correct? Any help and guidance on this would be much much appreciated.
Please let me know if you want more details on this.
CAclubindia
