Hello,
I worked for the Govt of India. in 2013 I applied for and was granted study leave of 730 days for higher education on full pay. I eneterd into bond with the government for availing of the leave. After the completion of the leave (and my studies) I rejoined my office. Due to personal reasons it became untenable for me to continue and I resigned within a month. As per bond terms I returned the full two years salary + interest to the government and got released.
My question is since I have returned my salary for two years( on which I paid income tax), am I eleigible for the refund of the tax paid during the period ?
This prima facie seems logical since after returning the money with interest I have effectively not earned anything during the period (not even any scholarship which I had to forego as I was getting salary at the time)
I hope the query is clear.
Regards
Kunal Ray
CAclubindia
