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@agrawal_aashish No, you can claim a credit on sch 3, line 12. 

Since you repaid more than $3,000, you can use the method where you claim a credit. It can be complicated depending on how many years were affected. These are the steps:

1. Figure your 2020 tax as normal, without deducting the repaid amount.
2. Locate prior year taxes that are now incorrect. Note the amount of tax liability.
3. Refigure your tax from the earlier year(s) subtracting the income that you have repaid.
4. Subtract the difference in tax liability for each year.
5. Add all the differences together for your 2020 credit allowed.
6. Please see example and full details in my other post.

For more information, see About Publication 525, Taxable and Nontaxable Income page 36, method 2. 

In addition, you may need to file Form 843 for Medicare and Social Security taxes. See page 36, 3rd column.

The online version can't handle this, you will need to use the download version. 

Applying the credit:

1. Return to the current tax year. (The credit can only be applied using the Forms mode in the TurboTax CD/Download product.)
2. Select the Forms icon.
3. Choose 1040/1040RSR Wks from the list on the left and the worksheet will appear.
4. Scroll down to the Other Credits and Payments Smart Worksheet.
5. Enter the adjusted amount of tax paid.
6. Enter the credit amount you calculated on Line D Claim of Right, IRC 1341 credit for repayments of prior year income.
7. Select the Step-by-Step or Easy Step icon in the upper right corner to return to the interview mode and finish working on your tax return.