Declaration format under rule 37ba

To,                                                                                                                                                                          Date:

The Manager

State Bank of India

New Delhi

Sub: Declaration for Clubbing of Minors income in the Hands of Parents.

Sir,

With reference to the above, it is declared that, I have a fixed deposits Account of my minor son with your bank, interest on which is subject to TDS, and my son’s income is to be clubbed with my income under Rule 37BA of Income-tax (Sixth Amendment) Rules, 2009 vides Notification No. 28/2009, Dated 16-3-2009.

My detail particulars are hereunder –

It is further declared that, my minor Son’s income will be taxable in my hands as per Rule 37BA, and So I am willing to declare and pay tax on my Son's income within my Income Tax Return, and therefore, be able to claim credit for such TDS on my children’s investments, please incorporate my PAN Number for the same in your records and issue me a fresh certificate of TDS.

Kindly do the needful at the earliest.

Thanking You,

Yours faithfully,

Fathers Name                                                                                                   Minor

(Signature)                                                                                                         (Signature)

Thanks sir for sharing the format.

I just want to confirm that whether there is any standardised format of declaration under rule 37ba

or the same can be customised as per the case??

In income tax rules, no specified form prescribed under rule 37ba so it can be customised as per the case.