I need some help in filing IT returns.
I have received a bonus of Rs. One lakh from my employer in Sept'13. I have paid taxes for the one lakh bonus (20% bracket = Rs.20,000). However, this bonus was recovered by employer in Apr'14. This return of money did not reflect in Form-16 because financial year closes in Mar'14.
I need help in preparing my returns in such a way that I receive refund of taxes relating to bonus recovered by employer?. I have not yet filed returns for FY-13-14. I have hired a consultant for this. He was filing my taxes just by reducing salary by one lakh. Is it the right thing to do?. Looking for expert advice.
Thanks