Indemnity bond for 26qb correction

Sure! Here’s a simple Indemnity Bond draft you can use for correction related to Form 26QB (TDS on sale of property):

INDEMNITY BOND

This Indemnity Bond is executed on this ___ day of ________, 20 by

[Name of the Deductor/Purchaser], residing at ____________________________ (hereinafter referred to as the “Indemnifier”).

WHEREAS:

1. The Indemnifier had made payment of TDS on purchase of immovable property through Form 26QB dated __________.

2. It has come to the notice of the Indemnifier that certain corrections are required in the said Form 26QB filed with the Income Tax Department.

3. The Indemnifier desires to make such corrections and indemnify the deductor/authorities in case of any loss or claim arising due to such correction.

NOW THIS BOND WITNESSETH AS FOLLOWS:

1. That the Indemnifier hereby agrees and undertakes to indemnify and keep indemnified the deductor/Income Tax Department from and against all losses, damages, claims, demands, proceedings, costs, and expenses whatsoever which may be suffered or incurred by them on account of the correction made in Form 26QB.

2. The Indemnifier undertakes to comply with all formalities required for correction of Form 26QB and to provide all necessary assistance.

3. This bond is irrevocable and shall be binding on the Indemnifier and his legal heirs, executors, and assigns.

IN WITNESS WHEREOF, the Indemnifier has executed this Indemnity Bond on the day, month, and year first above written.

Signed and Delivered by

[Name of Indemnifier]
[Address]
[Signature]

Witnesses:

Name:
Address:
Signature:

Name:
Address:
Signature: