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Form No. 60 (See third provision to rule 114 B) Form of Declaration to be filled by a person who does not have either a Permanent Account Number (PAN) or General Index Register (AIR) No. and who makes
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How to fill out form no 60

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How to fill out Form No 60:

01
Start by obtaining a copy of Form No 60 from an authorized source, such as a bank or the income tax department website.
02
Fill in your personal details accurately, such as your full name, address, and contact information.
03
Provide your PAN (Permanent Account Number) if available, and if not, explain the reason for not having one.
04
Indicate the purpose for which you are filling out Form No 60, whether it is for opening a bank account, making a high-value transaction, or any other relevant purpose.
05
Include details of your occupation, such as your job title or business details, along with your income details.
06
Declare any other relevant information, such as your assets and liabilities, your previous income tax filings, and any additional sources of income.
07
Sign and date the form to certify the accuracy and completeness of the provided information.
08
Submit the filled-out Form No 60 to the respective authority or organization as required.

Who needs Form No 60:

01
Individuals who do not have a Permanent Account Number (PAN) and are engaged in certain financial transactions or opening a bank account need to fill out Form No 60.
02
This form is required when making high-value transactions, such as purchasing real estate, vehicles, or jewelry above a certain threshold set by the income tax department.
03
Non-residents or foreign nationals without a PAN who wish to conduct financial transactions in India may also need to fill out Form No 60.
04
Banks and financial institutions often require individuals without a PAN to submit Form No 60 when opening new accounts or availing certain services.
05
It is important to note that Form No 60 should only be filled out by individuals who genuinely do not possess a PAN and have a valid reason for not having one, as providing false information can lead to legal consequences.
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Form No 60 is a declaration to be filled out by an individual who does not have a Permanent Account Number (PAN) and enters into specified transactions.
Individuals who do not have a PAN and are involved in specified transactions are required to file Form No 60.
Form No 60 can be filled out by providing personal details, transaction details, and signing the declaration.
The purpose of Form No 60 is to keep a record of transactions undertaken by individuals who do not possess a PAN.
Form No 60 requires personal details, details of transactions, and a declaration from the individual.
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