If an organisation gives retention bonus that comes with 1 year bond and if employee leaves the organisation before 1 year. He has to return the amount.
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I did it in 2016. You can add the component as -ve perquisite under income section while filing the ITR.
Better to engage a Tax consultant/CA to be safe.
As per right now it's a loss. That's the reason for the bond if you think about it.
The govt has the difference. Overall It's not a loss at all. You'll get it back during itr but you need to wait till end of the financial year.
Bonus given in last financial year and I am returning it in this financial year. I may have to fill revised itr.
Pro
Exactly. Talk to a CA to make sure things are filed correctly.