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FORM No. 60 See third proviso to rule 114B Form of Declaration to be filled a person who does not have either a Permanent Account Number or General Index Register Number who makes payment in cash in respect of Transactions specified in clauses a to h of rule 114B. Full name and address of the declarant. 2. Particulars of transaction Amount of transaction Are you assessed to tax Yes/No If yes I Details of Word Circle/Range where the last return of income was filed ii Reasons for not having...
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How to fill out form 60 see third
To fill out form 60, follow these steps:
01
Provide your personal information such as name, address, and contact details.
02
Enter your PAN (Permanent Account Number) or Aadhaar Number.
03
Specify the type and nature of transaction for which the form is being filled.
04
Provide details about your income and financial situation.
05
Attach the necessary documents as mentioned in the form, such as identity proof, address proof, and income proof.
06
Review the completed form for accuracy and completeness before signing and dating it.
Form 60 is typically required by individuals who do not have a PAN or Aadhaar Number, but need to undertake certain financial transactions. It is mainly used by those who do not fall under the income tax bracket or who have not yet obtained a PAN. This form helps in providing necessary information for financial transactions while ensuring compliance with regulatory requirements.
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What is form 60 see third?
Form 60 is a declaration form required in India for individuals who wish to acquire assets or undertake financial transactions without possessing a Permanent Account Number (PAN).
Who is required to file form 60 see third?
Individuals who do not have a PAN and need to undertake certain financial transactions, such as opening a bank account or purchasing assets, are required to file Form 60.
How to fill out form 60 see third?
Form 60 must be filled out by providing personal details such as name, address, and specifics of the transaction, along with a declaration stating that the individual does not possess a PAN.
What is the purpose of form 60 see third?
The purpose of Form 60 is to help the government track financial transactions of individuals who do not have a PAN, ensuring compliance with tax regulations and preventing tax evasion.
What information must be reported on form 60 see third?
Form 60 requires reporting of personal identification details, the nature of the transaction, address, and a declaration regarding the absence of a PAN.
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