What is PAN Card Form 60 and How to Download It?
PAN card is a unique identification number issued by the Income Tax Department to every taxpayer in India. It is a 10-digit alphanumeric code that helps in identifying and verifying the tax status of an individual or an entity. PAN card is mandatory for various purposes such as filing income tax returns, opening bank accounts, applying for loans, buying or selling property, etc.
However, there are some people who do not have a PAN card or have applied for it but have not received it yet. In such cases, they can use Form 60 as a substitute for PAN card for certain transactions specified in Rule 114B of the Income Tax Rules, 1962. Form 60 is a declaration that has to be submitted by a person (other than a company or a firm) who does not have a PAN card and enters into any transaction mentioned in Rule 114B. Form 60 contains the details of the person, the nature and value of the transaction, and the reason for not having a PAN card.
pan card form 60 pdf download
If you are one of those who do not have a PAN card or are waiting for its allotment, you can download Form 60 from the income tax portal. Here is how you can do it:
Visit the official website of the Income Tax Department at
Go to the 'Forms/Downloads' section and click on 'Form No. : 60'
You will see two options: 'PDF Fillable Form' and 'PDF'. Choose the one that suits your convenience.
A new window will open with the Form 60. You can either fill it online or download it and print it.
Save the filled or downloaded form for future reference.
How to Fill Form 60
Once you have downloaded or printed Form 60, you need to fill it with the required details and documents. Here is what you need to fill Form 60:
Your full name and address
The name and address of your father (only if you are an individual)
The date of birth or incorporation (only if you are an individual)
Your gender (only if you are an individual)
Your marital status (only if you are an individual)
The nature and value of the transaction for which Form 60 is being submitted
The details of any other document that you are submitting along with Form 60 as proof of identity or address (such as Aadhaar card, voter ID card, driving license, passport, etc.)
The date of application and acknowledgement number if you have applied for PAN and it is not yet generated
Your estimated total income (including income of spouse, minor child, etc.) for the financial year in which the transaction is held
Your signature or thumb impression
You can fill Form 60 either online or offline. If you choose to fill it online, you need to follow these steps:
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What is pan card form 60 pdf and why is it required?
How to submit pan card form 60 pdf to the income tax department?
How to verify pan card form 60 pdf online?
How to correct pan card form 60 pdf online?
How to cancel pan card form 60 pdf online?
What are the documents required to fill pan card form 60 pdf?
What are the consequences of not filling pan card form 60 pdf?
What are the benefits of filling pan card form 60 pdf?
What are the differences between pan card and pan card form 60?
Visit the official website of NSDL at
Select 'Form No. : 49A' from the drop-down menu under 'Application Type' and click on 'Submit'
Fill in the details as per the instructions and click on 'Next'
Upload the scanned copy of any document that you are submitting as proof of identity or address
Verify the details and click on 'Confirm'
Make the payment of Rs. 93 (excluding GST) through online mode
On successful payment, you will receive an acknowledgement slip with a 15-digit acknowledgement number
Print the acknowledgement slip and sign it
Send the signed acknowledgement slip along with a copy of the document that you have uploaded to NSDL at the address mentioned on the slip within 15 days
You will receive an email confirmation once your Form 60 is processed
If you choose to fill it offline, you need to follow these steps:
Visit any of the designated PAN service centers or TIN facilitation centers and obtain Form 60
Fill in the details as per the instructions and attach a copy of any document that you are submitting as proof of identity or address
Pay the fee of Rs. 93 (excluding GST) in cash or through demand draft
Submit the filled form and the document to the PAN service center or TIN facilitation center
You will receive an acknowledgement slip with a 15-digit acknowledgement number
You will receive an email confirmation once your Form 60 is processed
Here is a sample of Form 60 for your reference:
Form No. 60
[See second proviso to rule 114B]
Form of declaration to be filed by a person who does not have a permanent account number and who enters into any transaction specified in rule 114B
1. Full name and address of the declarant___________________________
2. Particulars of transaction:a) Nature of transaction: _____________b) Amount of transaction: _____________c) Date of transaction: _______________d) Name and address of the person with whom transaction is entered into: _______________
3. Amount of income for the financial year ________ (including income of spouse, minor child, etc. as per section 64)___________________________
4. Are you assessed to tax under the Income-tax Act, 1961?a) If yes, (i) Details of Ward/Circle/Range where the last return of income was filed: _____________(ii) Reasons for not having permanent account number: _____________b) If no, reasons for not filing return of income: _____________
5. Details of the document being produced in support of identity in Column (6)a) Name of the document: _____________b) Identification number (if any): _____________c) Date of issue: _______________d) Place of issue: _______________
6. Details of the document being produced in support of address in Column (7)a) Name of the document: _____________b) Identification number (if any): _____________c) Date of issue: _______________d) Place of issue: _______________
VerificationI, _______________________, do hereby declare that what is stated above is true to the best of my knowledge and belief.Date: ________Place: ________Signature/Thumb impression of declarant ________________________
Notes:1. This form should be signed by the declarant only and not by any other person.2. This form should be filled in English only.3. This form should be submitted at the place and time indicated by the person responsible for collecting such declaration.
Benefits of Form 60
Form 60 is a useful document for those who do not have a PAN card or are waiting for its allotment. It has several benefits such as:
It enables them to carry out certain transactions without PAN card such as opening a bank account, depositing cash above Rs. 50,000, buying or selling property, etc. as per Rule 114B
It helps them in tracking their financial transactions and preventing tax evasion by providing their details and reasons for not having PAN card to the income tax authorities
It helps them in applying for PAN card later by providing the acknowledgement number and date of application of Form 60 as proof of identity or address
Conclusion
PAN card is a vital document for every taxpayer in India. However, if you do not have a PAN card or have applied for it but have not received it yet, you can use Form 60 as an alternative for certain transactions specified in Rule 114B. Form 60 is a declaration that contains your details, the nature and value of the transaction, and the reason for not having PAN card. You can download Form 60 from the income tax portal and fill it online or offline with the required details and documents. Form 60 has several benefits such as enabling you to carry out certain transactions without PAN card, helping you in tracking your financial transactions and preventing tax evasion, and helping you in applying for PAN card later. Therefore, if you are in need of Form 60, do not hesitate to download and fill it as soon as possible.
We hope this article has helped you understand what is PAN card Form 60 and how to download it. If you have any questions or feedback, please feel free to leave a comment below. Thank you for reading!
FAQs
Q1: What is the difference between Form 60 and Form 61?
A1: Form 60 is a declaration that has to be submitted by a person who does not have a PAN card and enters into any transaction specified in Rule 114B. Form 61 is a declaration that has to be submitted by a person who has an agricultural income and is not liable to file income tax returns.
Q2: Is Form 60 mandatory for opening a bank account?
A2: Yes, Form 60 is mandatory for opening a bank account if you do not have a PAN card or have applied for it but have not received it yet. However, if you have a PAN card or have received it after opening the account, you need to update your PAN details with the bank within six months.
Q3: How long does it take to get a PAN card after submitting Form 60?
A3: It usually takes around 15-20 days to get a PAN card after submitting Form 60. However, it may vary depending on the verification process and the workload of the income tax department.
Q4: Can I submit Form 60 online without visiting any PAN service center or TIN facilitation center?
A4: Yes, you can submit Form 60 online without visiting any PAN service center or TIN facilitation center. However, you need to send the signed acknowledgement slip along with a copy of the document that you have uploaded to NSDL at the address mentioned on the slip within 15 days.
Q5: What are the consequences of not submitting Form 60 when required?
A5: If you do not submit Form 60 when required, you may face penalties or legal actions from the income tax department. For example, if you do not submit Form 60 while opening a bank account, your account may be frozen or closed by the bank. If you do not submit Form 60 while buying or selling property, your transaction may be invalid or cancelled by the authorities. 44f88ac181