Form 60 Download PDF in Hindi: What is it and How to Fill 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 60. In this article, we will explain what is Form 60, when is it required, and how to fill and submit it. We will also provide a link to download Form 60 in PDF format in Hindi.
form 60 download pdf in hindi
What is Form 60?
Definition and purpose of Form 60
Form 60 is a document that is filed by an individual or a person (not a company or firm) who does not have a PAN and who enters into any transaction specified in Rule 114B of the Income Tax Rules, 1962. The purpose of Form 60 is to provide the details of such transactions to the Income Tax Department and to prevent tax evasion or fraud.
Difference between Form 60 and Form 61
Form 60 and Form 61 are both declarations that are filed by persons who do not have a PAN. However, there are some differences between them:
Form 60 is for those who enter into certain transactions, such as opening a bank account, buying or selling property, etc.
Form 61 is for those who have only agricultural income or income from employment that is not taxable.
Form 61 is also a statement of the declarations received in Form 60 by the concerned persons.
When is Form 60 Required?
List of transactions that require PAN or Form 60
As per Rule 114B, there are certain transactions for which it is mandatory to quote your PAN or submit Form 60 if you do not have a PAN. Some of these transactions are:
Nature of transactionValue of transaction
Purchase or sale of any motor vehicle excluding two wheelersAny value
Opening of demat accountAny value
Opening an account with any banking institution or bank other than basic savings deposit account/Application to institution or bank or company for debit or credit cardAny value
Purchase or sale of an immovable property value of Rs. 10 lakh or aboveA fixed deposit with any bank/post office/Nidhi/non banking financial company
Amount more than Rs.50,000 or aggregation of more than Rs.5 lakh during any tax yearPayment to restaurants or hotels in cash against the bills
Exceeding Rs. 50,000 at one timePayment in connection with travel to any foreign country or payment for purchase of any foreign currency in cash
Exceeding Rs. 50,000 at one timePayment of a life insurance premium
Exceeding Rs.50,000 in a yearSale/purchase of company shares or contract for sale or purchase of securities
Exceeding Rs.1 lakh per transaction
Exceptions and conditions for using Form 60
There are some exceptions and conditions for using Form 60 instead of PAN. These are: How to Fill and Submit Form 60?
Information required to fill Form 60
To fill Form 60, you need to provide the following information:
Your name, date of birth, and father's name
Your address and contact details
The amount and date of the transaction
The mode of the transaction (cash, cheque, card, etc.)
The number of persons involved in the transaction (if joint)
Your Aadhaar number (if available)
The reason for not having a PAN
A declaration that you do not have any income other than agricultural income or income from employment that is not taxable
A verification that the information given is true and correct
Your signature or thumb impression
Online and offline modes of submission
You can submit Form 60 either online or offline, depending on the mode of the transaction. For example, if you are opening a bank account or applying for a debit or credit card, you can submit Form 60 online through the bank's website or portal. If you are buying or selling a property or a motor vehicle, you can submit Form 60 offline to the concerned authority or person.
To submit Form 60 online, you can follow these steps:
Click on the Get Form button to start editing and enhancing.
Complete every fillable field.
Ensure that the data you fill in Form 60 is updated and accurate.
Include the date to the template using the Date feature.
Click the Sign tool and make an e-signature.
The electronic verification can be done through this website- .
It can also be done using certain Aadhaar specified Authentications: Through OTP on your Aadhaar linked mobile number or mail ID. Through Biometric modalities i.e. either through iris (scanning your eye) or fingerprint. Two-way authentication i.e. OTP + biometric modalities.
Sample of Form 60
Here is a sample of Form 60 in Hindi that you can download in PDF format from this link- . You can also download Form 60 in English from this link- .
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Conclusion
Form 60 is a declaration that is filed by an individual or a person who does not have a PAN and who enters into any transaction specified in Rule 114B of the Income Tax Rules, 1962. The purpose of Form 60 is to provide the details of such transactions to the Income Tax Department and to prevent tax evasion or fraud. Form 60 can be submitted online or offline, depending on the mode of the transaction. Form 60 is not acceptable if your total income (other than agriculture) is more than the basic exemption limit. In that case, you must apply for PAN and mention the date of application in column 21 of the form.
FAQs
Q: What is the difference between Form 60 and Form 61?A: Form 60 is for those who enter into certain transactions, such as opening a bank account, buying or selling property, etc. Form 61 is for those who have only agricultural income or income from employment that is not taxable. Form 61 is also a statement of the declarations received in Form 60 by the concerned persons.
Q: What are the consequences of wrong declarations made in Form 60?A: If you make any false or incorrect declaration in Form 60, you may be liable for penalty or prosecution under the Income Tax Act, 1961. You may also face difficulties in future transactions that require PAN.
Q: How can I check the status of my PAN application?A: You can check the status of your PAN application online through this website- . You need to enter your acknowledgement number, name, and date of birth to track your application.
Q: Can I use Form 60 for filing income tax return?A: No, you cannot use Form 60 for filing income tax return. You must have a PAN to file your income tax return online or offline.
Q: Can I use Aadhaar instead of PAN for transactions?A: Yes, you can use Aadhaar instead of PAN for transactions where quoting PAN is mandatory, as per the Income Tax (22nd Amendment) Rules, 2019. However, you must link your Aadhaar with your PAN to avoid any inconvenience.
I hope this article has helped you understand what is Form 60, when is it required, and how to fill and submit it. If you have any queries or feedback, please feel free to leave a comment below. Thank you for reading! 44f88ac181