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This document serves as an indemnity bond to be signed jointly by all coparceners and the new Karta for the transfer of mutual fund units held by the deceased Karta, requiring the production of the
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How to fill out annexure v indemnity bond
How to fill out ANNEXURE – V (Indemnity Bond – KARTA)
01
Begin by downloading the ANNEXURE – V form from the official website or relevant authority.
02
Fill in the title 'Indemnity Bond – KARTA' at the top of the document.
03
Provide details of the Karta, including full name, address, and identification details.
04
Clearly state the purpose of the indemnity bond in the designated section.
05
Include particulars of the family members covered under this bond.
06
Fill out the clauses regarding indemnity obligations, specifying roles and responsibilities.
07
Ensure all necessary identification/documentation as required by local regulations is attached.
08
Sign and date the document in the appropriate places, ensuring that witnesses, if required, also sign.
09
Submit the completed ANNEXURE – V to the relevant authority or office.
Who needs ANNEXURE – V (Indemnity Bond – KARTA)?
01
The Karta of a Hindu Undivided Family (HUF) needs ANNEXURE – V (Indemnity Bond – KARTA) to formalize their liability and responsibilities.
02
Individuals intending to act on behalf of their family in legal or financial matters may also require this bond.
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What is ANNEXURE – V (Indemnity Bond – KARTA)?
ANNEXURE – V (Indemnity Bond – KARTA) is a legal document that serves as a bond of indemnity, typically related to the financial and tax obligations of the Karta in a Hindu Undivided Family (HUF) context.
Who is required to file ANNEXURE – V (Indemnity Bond – KARTA)?
The Karta, or head of the Hindu Undivided Family, is required to file ANNEXURE – V (Indemnity Bond – KARTA) when there are financial dealings or when requested by tax authorities.
How to fill out ANNEXURE – V (Indemnity Bond – KARTA)?
To fill out ANNEXURE – V, the Karta must provide details such as the name of the HUF, the PAN of the Karta, financial particulars, and any other relevant information as specified on the form.
What is the purpose of ANNEXURE – V (Indemnity Bond – KARTA)?
The purpose of ANNEXURE – V is to ensure that the Karta assumes responsibility for any outstanding tax liabilities and indemnifies the tax authorities from potential claims arising from the financial transactions of the HUF.
What information must be reported on ANNEXURE – V (Indemnity Bond – KARTA)?
The information required on ANNEXURE – V includes the name of the Karta, the details of the HUF, the PAN, particulars of assets and liabilities, and any relevant documentation supporting the claims made in the bond.
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