Experts Query Daily Digest :15 July 2025

SUKHVEER SINGH

15 July 2025 at 13:15

Posted On : 15 July 2025

Perquisite to customer & TDS u/s 194R

WE HAVE PROVIDED FREE TOUR BENEFIT TO OUR ESTEED CUSTOMERS IN THE LAST FY. AS PER SECTION 194 R OF INCOME TAX ACT, TDS U/S 194R REQUIRED TO BE DEDUCTED ON THE BENEFIT PROVIDED. I HAVE POST THE TDS ENTRY IN THE RESPECTIVE CUSTOME ACCOUNT. BUT HOW I WILL SHOW THE BENFIT ENTRY IN THE CUSTOMER ACCOUNT. AS ITS IS FREE PERQUISITE

Prasant Maharana

15 July 2025 at 12:08

Posted On : 15 July 2025

Treatment of Accounts-

Our company is a laboratory Private company and we have opened a new branch at jaipur on Rental (Building on Rental basis) and we have made Laboratory Lab on our own cost around to Rs.30 Lac & above.
Please suggest shall we book under Repair & Maintenance as the building is on rental basis
or
we should book lab under Fixed Assets..

H Thakar

15 July 2025 at 15:42

Posted On : 15 July 2025

Indemnity Bond format for Refund of TDS via 26B

I have a refund of Tds (Excess paid), but department is asking notarized indemnity bond of Rs 500/-. Can anyone assist with the format of the same

Suresh S. Tejwani

15 July 2025 at 11:41

Posted On : 15 July 2025

REGARDING TAXABILITY OF ULIPs

If Unit linked insaurance policy has been purchased in the year of 2003 and the policy has been surrendered in the year 2024 before its maturity then what would be its taxability?
And if the amount of premium exceeds Rs. 2,50,000 then exemption upto Rs. 2,50,000 shall be available under section 10(10D)?

Nimish Dubey

15 July 2025 at 11:24

Posted On : 15 July 2025

Form 16 Issues

Hello Everyone,

My mother is a 75 year old pensioner from a central govt org, for FY 2024-2025, i found that her income tax was deducted for 13 months instead of 12 months. Her organization had credited an additional month salary and they deducted income tax for the additional salary.

We have not received form 16 for the FY 24-25 form the central govt org, till date.

I have to file return for FY 24-25 for my mother, how can i get my data corrected in Form 16 and is there any way by which additonal salary credited issue and additional income tax deduction can be fixed?

Kind Regards
Nimish Dubey

hari

15 July 2025 at 15:48

Posted On : 15 July 2025

Clarification on GST Applicability on After-Sale Discounts

Sir,

We are currently issuing credit notes for discounts provided after sales, without charging GST. However, some of our parties have raised objections to this practice.

We would like to understand whether it is mandatory to mention GST on credit notes issued for after-sale discounts. Kindly clarify the applicable GST provisions in this regard.

Please advise.

Thanks in advance.

PLEASE ADVISE.

THANKS IN ADVANCE.

MAHESHA RAMANNA

15 July 2025 at 15:42

Posted On : 15 July 2025

SUPPLY TO SEZ UNIT UNDER EPCG LICENCE

Dear Sir

KIndly advise how to make invoices to SEZ Unit to reach export obligation under EPCG licence scheme with notification number

Gopalakrishnan. S

15 July 2025 at 13:15

Posted On : 15 July 2025

E Way bill for out door supply of food by Restaurant

Dear Experts

Is it necessary to prepare a E Way bill if a Restaurant is delivering food to outdoor customer ( Not E Commerce ) under one invoice whose value is above One Lakh and the supply is within the state.

Pls. advice.