Idenmity bond format


This query is : Resolved 

Quick Summary
A user sought an indemnity bond format to address an income tax demand after paying the wrong minor head. While initially advised an indemnity bond wasn't needed, the correct procedure involves updating challan payment details on the Income Tax e-filing portal via 'Response to Outstanding Demand'. If this option is unavailable, an indemnity bond may be required, and a format link was provided.

03 November 2023 Income tax AO ASKED IDENMTIY BOND FOR DELETING DEMAND WHICH I ALREADY PAID BUT PAID IN WRONG MINOR HEAD , INSTEAD OF 400 PAID IN 300 OF AY 2018-19

PL SHARE THE FORMAT OF INDENMITY BOND .

04 November 2023 Indemnity bond not required for this wrong minor head no problem.
Update the challan payment in the income tax portal it will be accepted.

04 November 2023 Dear Sir

Thanks for reply.
I made this payment online in year 2018.
And demand still showing on Income-tax portal

Pl guide me how to update challan on portal.

04 November 2023 Good.
Perform the following steps for Responding to the Outstanding Demand.

Logon to ‘e-Filing’ Portal https://www.incometax.gov.in/iec/foportal/Go to the ‘Pending Actions’ menu and Click ‘Response to Outstanding Demand’Click on 'Submit Response' button.
Select any one option
o Demand is correct.
If option “Demand is correct” is selected, then perform the following step.
o ​Select further any one option update the challan details and submit.

04 November 2023 Thanks again for quick reply

No such option enable now as you said above.
Demand is correct already selected . challan update option doesnt available. only i can click on pay now button.

Sharing you screen shot .

Records are as per the data available at Income Tax Department
Date of last refresh: 04-Nov-2023
Demand Reference No:

Assessment Year :2018
View
Outstanding Demand Amount
₹73860
Accrued Interest info icon
₹60638
View Interest Computation
In Progress
Pending Payment
Current Status
done
27-May-2019
Response Submitted
done
13-Apr-2019
Date of Demand Raised
Section Code : 1431a
Rectification Rights : CPC
Mode of Service : -
Response Type : Demand is correct
AO Response : Demand outstanding is correct and collectible
AO Response Date : 23-Jan-2021
Pay Now
Download

04 November 2023 In such a case give indemnity bond.
See the link for the format.

https://proformats.co.in/2015/06/25/indemnity-bond-for-income-tax-refund/#:~:text=The%20executor%20of%20this%20bond%20indemnifies%20the%20government%20of%20India,%2C%20charges%2C%20expenses%20or%20otherwise.


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