Excess salary is paid by mistake to me for the year 2011-12 and TDS is already deducted and paid on the same and Form 16 is issued on this basis. Now the company intends to recover the same from my salary for 2012-13.
Should this recovery amount be deducted from my taxable income for 2012-13 ?
OR
Should it should be shown as a deduction for the year 2011-12 and the related correction be made in my Form 16 and the TDS return filed by the company for 2011-12, thus enabling me to claim a refund for the year 2011-12?
CAclubindia
