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Form No. 60: A Complete Guide and Download Link


What is Form No. 60 and How to Download It?




If you do not have a Permanent Account Number (PAN) but want to enter into certain financial transactions, you may need to submit a declaration in Form No. 60. In this article, we will explain what is Form No. 60, how to fill it, how to download it, and how it differs from Form No. 61.


Introduction




Form No. 60 is a declaration form that is submitted by an individual or a person (not being a company or a firm) who does not have a PAN and who enters into any transaction specified in Rule 114B of the Income Tax Rules, 1962. The declaration is required as per Section 139A of the Income Tax Act, 1961.




form no. 60 download



Some of the transactions that require PAN or Form No. 60 are:


  • Opening a bank account or a demat account



  • Purchasing or selling a motor vehicle (other than two-wheelers)



  • Purchasing or selling an immovable property valued at Rs. 10 lakh or more



  • Making a cash payment of Rs. 50,000 or more to a hotel or a restaurant



  • Making a cash payment of Rs. 50,000 or more for travel to a foreign country or for buying foreign currency



  • Paying a life insurance premium of Rs. 50,000 or more in a year



  • Making a deposit of Rs. 50,000 or more in cash in a bank, post office, NBFC, Nidhi company, etc.



  • Buying mutual funds, bonds, debentures, or RBI bonds of Rs. 50,000 or more



  • Buying or selling shares or securities of Rs. 1 lakh or more per transaction



If you do not have a PAN and your income (other than agricultural income) is below the basic exemption limit, you can use Form No. 60 instead of PAN for these transactions. However, if you have applied for PAN and it is not yet generated, you have to mention the date of application and the acknowledgement number in Form No. 60.


How to Fill Form No. 60




Form No. 60 has two parts: Part A and Part B. Part A contains the details of the transaction for which the declaration is being made, such as the nature and value of the transaction, the name and address of the person with whom the transaction is made, etc. Part B contains the personal details of the declarant, such as name, address, date of birth, gender, Aadhaar number (if any), etc.


The following details are required to fill Form No. 60:


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  • The nature and value of the transaction



  • The name and address of the person with whom the transaction is made



  • The date of the transaction



  • The name and address of the declarant



  • The date of birth of the declarant



  • The gender of the declarant



  • The Aadhaar number (if any) of the declarant The address of the employer or the address of the business or profession of the declarant



  • The estimated total income (including agricultural income and income of spouse, minor child, etc.) for the financial year in which the transaction is made



  • The reason for not having a PAN



  • The signature or thumb impression of the declarant



Along with Form No. 60, the declarant has to attach a copy of any one of the following documents as proof of identity and address:


  • Aadhaar card



  • Driving license



  • Passport



  • Voter ID card



  • NREGA job card



  • Any other document notified by the Central Government



How to Download Form No. 60




Form No. 60 can be downloaded from the official website of the Income Tax Department. To download the PDF version of Form No. 60, follow these steps:


  • Go to the Income Tax Department's official website.



  • From the top navigation menu, choose "Forms/Download".



  • Select "Income Tax Forms" from the drop-down menu.



  • You will be redirected to a page with a list of different forms for income tax.



  • Scroll down the list until you reach "Form No.60".



  • Select the form, and it will be downloaded to your PC automatically.



You can also download Form No. 60 from other sources, such as banks, post offices, NBFCs, Nidhi companies, etc., that require you to submit Form No. 60 for certain transactions. However, make sure that you download the latest version of Form No. 60 that is updated as per the Income Tax Rules.


How to Print and Submit Form No. 60 Offline




After downloading Form No. 60, you can print it and fill it manually with a pen. Alternatively, you can fill it online using a PDF editor and then print it. Make sure that you fill all the details correctly and legibly in Form No. 60. You also have to attach a copy of your proof of identity and address with Form No. 60.


You can submit Form No. 60 offline to the person or entity with whom you are entering into the transaction that requires PAN or Form No. 60. For example, if you are opening a bank account without PAN, you can submit Form No. 60 to the bank branch where you are opening the account. Similarly, if you are buying or selling a motor vehicle without PAN, you can submit Form No. 60 to the dealer or the transport authority where you are registering the vehicle.


Difference Between Form No. 60 and Form No. 61




Form No. 61 is another declaration form that is submitted by an individual who has only agricultural income or income from employment that is not taxable under the Income Tax Act. Form No. 61 is also a statement of particulars of declarations received in Form No. 60 by certain persons or entities who are required to report them to the Income Tax Department.


The difference between Form No. 60 and Form No. 61 are as follows:



Form No. 60Form No. 61


It is submitted by an individual or a person (not being a company or a firm) who does not have a PAN and who enters into any transaction specified in Rule 114B.It is submitted by an individual who has only agricultural income or income from employment that is not taxable under the Income Tax Act.


It is submitted to the person or entity with whom the transaction is made.It is submitted to the Income Tax Department by certain persons or entities who receive declarations in Form No. 60.


It contains two parts: Part A and Part B.It contains only one part.


It requires proof of identity and address to be attached.It does not require any proof to be attached.


It has to be submitted within a specified time limit depending on the nature of transaction.It has to be submitted quarterly by certain persons or entities within fifteen days from the end of each quarter.


Conclusion




In this article, we have explained what is Form No. 60, how to fill it, how to download it, and how it differs from Form No. 61. We have also provided a table to compare the two forms and a list of transactions that require PAN or Form No. 60. We hope that this article has helped you understand the purpose and process of using Form No. 60.


Some tips or suggestions for using Form No. 60 are:


  • Make sure that you fill all the details correctly and legibly in Form No. 60.



  • Attach a copy of your proof of identity and address with Form No. 60.



  • Submit Form No. 60 within the specified time limit depending on the nature of transaction.



  • Keep a copy of Form No. 60 for your reference and record.



  • Apply for PAN as soon as possible if you do not have one.



FAQs




Here are some common questions and answers related to Form No. 60:


Q: Can I use Form No. 60 for income tax return filing


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