Performance pay (PP) received twice in current assessment year
PP for 2007 – Received in Apr 2008
PP for 2008 – Received in Mar 2009
>> PP for 2007 & 2008 both falling in AY 2008-09
Until last year our company had practice of paying performance pay in Apr however from this they have started paying in Mar due to which I have received PP twice in current AY and finally resulted in high TDS.
Is there anyway I can claim reimbursement for tax paid on “PP for 2008” for current AY? Or any other solution?
Thanks!
CAclubindia
