Hi,
One person received some bonus of Rs.1, 00,000/- (gross) from his employer in the month of May 2010. In fact, he received only net amount of Rs. 70,000 after incomes tax deduction of Rs. 30,000.
Now he resigned and released from that employer. As a part of releasing process and upon pre agreed employment terms & conditions, he had paid back the bonus amount of Rs.1, 00,000/-including the tax deducted amount in the month of January 2011.
Both the transactions were happened in the same financial year (2010-2011) and through cheque only
Can he claim for refund of Rs.30, 000/- from income tax department?
CAclubindia
