Hi All,
I need to get some clarity in income tax retruns filing,
I have have switched from 1 company to another company during 2016-2017, I have recieved a sum of Rs 50k from my previous employer as retention bonus during month of may 2016, But i have put on my resignation by Oct 2016 and joined the new organisation. As a part of the retention bonus agreement i have returned same 50K bofore i releive from my previous employer.
Now both my previous employer & current employer have issued me form 16, But in the form 16 which has been issued from previus employer they have not reduced 50K from my actual earnings that i have returened. However they have acknoledge the reception of the 50k which i have transfered to them.
When i update the information in ITR-1 form based on the form 16, my refund amount shows 0. I am trying to find a way to get the 50K reduced from my actual earnings, So kindly someone let me know the procedure for the same.
Note: I have tried to check with them for a revised form 16, which seems to be not happening.
Thanks in advance.
CAclubindia
