If you're seeking a refund for excess TDS paid, the Income Tax Department may require a notarised indemnity bond. This bond, typically for Rs. 500, serves to indemnify the Government of India against any potential losses or claims related to the refund. The provided format outlines the necessary details, including your personal information, assessment year, the TDS amount claimed, and relevant deductor and challan details.
15 July 2025
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
To, The Government of India (Department of Finance) Income Tax Department
From, [Your Name] Son/Daughter of [Parent's Name] [Your Address]
Subject: Indemnity Bond for Refund of Excess TDS
WHEREAS I have filed my Income Tax Return for the Assessment Year [Insert Year].
AND WHEREAS the TDS claimed in the return of Rs. [Insert Amount] belongs to me as per the TDS certificates mentioned below:
NAME OF DEDUCTOR TAN OF DEDUCTOR TDS CERTIFICATE DATE AMOUNT [Insert Name] [Insert TAN] [Insert Cert.] [Insert Date] [Insert Amount] AND WHEREAS the Challan(s) paid for Rs. [Insert Amount] belongs to me as given below:
DATE OF PAYMENT BANK THROUGH WHICH PAYMENT MADE AMOUNT BSR CHALLAN NO [Insert Date] [Insert Bank] [Insert Amount] [Insert BSR] [Insert No] NOW, THEREFORE, I hereby undertake and indemnify the Government of India (Ministry of Finance) against any loss, claim, or excess amount of refund, if any, in all respects.