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Get the free See Notice to surety - Income Tax Department

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FORM NO. I.T.C.P. 30 See rule 88 of the Second Schedule to the Income tax Act, 1961 Notice to surety Office of the Tax Recovery Officer, Date To Whereas you are a surety for the arrears amounting
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How to fill out see notice to surety

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How to fill out see notice to surety

01
To fill out a see notice to surety, follow these steps:
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Start by writing the name of the surety company at the top of the notice.
03
Include the date when the notice is being filled out.
04
Write the name and address of the principal, who is the person responsible for fulfilling the obligation or payment.
05
Provide details about the contract or agreement that the surety is guaranteeing.
06
Clearly state the amount of the surety bond or guarantee.
07
Include any supporting documents or references related to the surety agreement.
08
Sign and date the notice, and provide contact information for the person signing on behalf of the surety company.
09
Make copies of the notice for both the principal and the surety company.
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Remember to review the notice for accuracy and completeness before submitting it to the appropriate parties.

Who needs see notice to surety?

01
A see notice to surety is needed by parties involved in a contractual agreement where a surety company is providing a guarantee or bond.
02
This includes contractors, subcontractors, suppliers, and other entities seeking financial security or assurance for the performance of a contract or fulfillment of certain obligations.
03
The principal, who is typically the person responsible for fulfilling the terms of the contract, may also require a see notice to surety to formally inform the surety company of any potential claims or issues.
04
Ultimately, anyone involved in a contractual arrangement where a surety bond or guarantee is involved may need to fill out a see notice to surety.
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A see notice to surety is a formal document that notifies a surety company of certain events or conditions related to a bonded contract, often used in construction and financial contexts.
Typically, the principal party involved in the contract, often the contractor or project owner, is required to file the see notice to surety.
The see notice to surety should be filled out with clear identification of the project, details of the bond, the reason for the notice, and any relevant dates, signatures, and supporting documentation.
The purpose of the see notice to surety is to inform the surety about developments or changes in the project that may affect the surety's obligations or liabilities under the bond.
The information that must be reported includes the project name, identification of the parties involved, the bond number, the reason for the notice, and any pertinent details regarding claims or defaults.
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