Indemnity Bond For TDS Correction Format

Notice Subject: Communication regarding TDS/TCS Grievances

Following Documents Required: (Approval of your 26QB and other TDS related correction)

1. Copy of application letter. 2. TDS Acknowledgement 3. Copy of Challan 4. Indemnity Bond

While reply such notices you have all the documents except Indemnity Bond. What it’s means Indemnity Bond : Simply a written request on stamp paper. Now you have a next task to how to find out format for reply for indemnity bond. Don’t worry you simply find reference format for your indemnity bond format below:

Table of Contents

Indemnity Bond for TDS correction format-1:-

THIS INDEMNITY BOND executed on the Day of……
……………………………………BY …………………son of ……………………….
resident of………………………………………………………………………………
carrying on business under the name and style of ……………………………………..
at ……………………………………having its registered office at……………………
(hereinafter called ‘the indemnifier’)

which expression shall unless excluded by or repugnant to the context be deemed
to include his heirs, executors, administrators, legal representatives, successors and permitted assigns) IN FAVOUR OF the President of India (hereinafter called ‘the Government’ which expression shall unless excluded by or repugnant to the context be deemed to include his successors or assigns)

WHEREAS on the …………………………… day of ………………………………… Form No .____ (herein after called ‘the form’) had been e-filed by the indemnifier towards income tax deduction under section 194 IA of the Income tax Act, 1961 for the assessment year …………….

AND WHEREAS the Indemnifier has represented to the Government that the date of deduction of tax filled in the form is wrong and the correct date of deduction of tax is ………………..

AND WHEREAS at the request of the Indemnifier the Government has agreed to correct
the date of deduction as…………………..upon the Indemnifier giving such indemnity as hereinafter contained.

NOW IT IS HEREBY AGREED by and between the parties hereto as follows :-

In consideration of the said premises and of the agreement on the part of the
Government in correcting the date in the form as……………… the indemnifier both hereby agree and undertake to refund to the Government on demand and without demur of a sum of Rs. …………………….being the tax deducted under section 194IA and indemnify the Government and keep the Government harmless and indemnified from and against all expenses which may be incurred by the Government in relation hereto or in connection therewith.

IN WITNESS WHEREOF the indemnifier hereto have set and subscribed his respective hand hereunto on the day and year first above written.

Signed (Indemnifier)

WITNESSESS:-

1.…………………………

2. ………………………..

Indemnity Bond for TDS correction format-2:-

THIS INDEMNITY BOND executed on the Day of…………………………………………BY …………………son of ………………….
resident of………………………………………………………………………………carrying on business under the name and style of ……………………………………..at ……………………………………having its registered office at……………………
(hereinafter called ‘the indemnifier’)

which expression shall unless excluded by or repugnant to the context be deemed to include his heirs, executors, administrators, legal representatives, successors and permitted assigns) IN FAVOUR OF the President of India (hereinafter called ‘the Government’ which expression shall unless excluded by or repugnant to the context be deemed to include his successors or assigns)

WHEREAS on the …………………………… day of ………………………………… Form No .26QB(you may change this) (herein after called ‘the form’) had been e-filed by the indemnifier towards income tax deduction under section 194 IA of the Income tax Act, 1961 for the assessment year …………….

AND WHEREAS the Indemnifier has represented to the Government that the date of deduction of tax filled in the form is wrong and the correct date of deduction of tax is ………………..

AND WHEREAS at the request of the Indemnifier the Government has agreed to correct
the date of deduction as…………………..upon the Indemnifier giving such indemnity as hereinafter contained.

NOW IT IS HEREBY AGREED by and between the parties hereto as follows :-

In consideration of the said premises and of the agreement on the part of the
Government in correcting the date in the form as……………… the indemnifier both hereby agree and undertake to refund to the Government on demand and without demur of a sum of Rs …………………….being the tax deducted under section 194IA and indemnify the Government and keep the Government harmless and indemnified from and against all expenses which may be incurred by the Government in relation hereto or in connection therewith.

IN WITNESS WHEREOF the indemnifier hereto have set and subscribed his respective hand hereunto on the day and year first above written.