Excel for
Chartered Accountants
As per CBDT Circular 08/2015 dated 14-05-2015,prescribes the Standard Operating Procedure (SOP) where in response of a tax arrear demand, the taxpayer claims that the Demand or tax has been paid or that there is TDS mismatch. As per the circular the Assessing officer in such cases as prescribed, reduce the demand on the basis of the indemnity bond.
The format of the said bond is as under
INDEMNITY BOND
This bond of indemnity is made this ……. (day of Indemnity Bond) in favour of Government of India (Department of Finance) i.e. Income Tax Department by Mr. /Mrs./Ms ………………………………………..(Name of the Indemnifier) Son of/Daughter of /Wife of …………………………………………… on behalf of self or
M/s ………………………………………
PAN ……………………………………..
Status ……………………………………
WHEREAS This is to undertake:
1. That I had filed my Income tax Return for the Assessment Year …………………….
2. That TDS claimed in the return of Rs. ……………… belongs to me as per TDS certificates mentioned below
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Name of the Deductor |
TAN of Deductor |
Date of TDS Certificate |
Amount |
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OR
That challan(s) paid for Rs. ………………… belongs to me as per as given below:
Date of Payment, Bank through which payments made, Amount
- ……………………………………
- …………………………………….
3. That in case it is found that the TDS certificates1/ Challan does not belong to me then the executor of this bond indemnify the Government of India ( Ministry of Finance) for the loss, claim and excess amount of refund, if an in all respect.
The executor of this bond indemnifies the government of India (Ministry of Finance) and keep it indemnified against all costs, damages, charges and expenses, excess amount of refund, interest, reduction in demand and also against all sum/ money, whether for damages, costs, charges, expenses or otherwise.
In witness where of this bond is executed today this ……………………(Date)
(……………………………)
………………………………
Download MS Word Format of Indemnity Bond Click Here >>
Download the Full Circular No. 08/2015 for more details Click Here >>
MS Word Format Of Indemnity Bond for Refund or Waiver of Income-tax Arrears Demand for Tax Paid or TDS Mismatch or Refund Claim |14-05-2015|
