Form 60 – Complete Information

Disclaimer: Please note that the table above is for information purposes only. Please visit the official website of the Income Tax department to learn about the transactions for which PAN is mandatory.

The PAN of the guardian must be included with the application if a minor in India wants to open a savings account or invest in a time deposit. In the absence of PAN, Form 60 must be submitted. 

How to Download Form 60?

Step 1 - Visit the official website of the Income Tax Department

Step 2 - Click on ''Forms/Download'' on the top navigation menu

Step 3 - In the drop-down menu, select ''Income Tax Forms''

Step 4 - You will be redirected to a page with a list of different forms for income tax

Step 5 - Scroll down the list until you reach ''Form No.60''

Step 6 - Select the document and it will get automatically downloaded to your system

You can download Form 60 PDF from Income Tax Portal. Click Here >>Download Form 60 PDF 

When is Form 60 Required?

Form 60 is an important document that is submitted when an individual does not have a permanent account number and enters into certain transactions specified in Rule 114B of the Income-tax Rules, 1962.

PAN Card helps in the identification of taxpayers and provides information about them such as total taxes paid, pending taxes, refunds issued, etc. The Government of India has also made it mandatory to provide Permanent Account Number (PAN Card) for a variety of transactions. This helps them track tax evasions, tax frauds, and illegal transactions.

In certain situations, the individuals involved in the transactions specified in Rule 114B, may not have a PAN Card and in such situations, they will need to provide a filled and duly signed copy of Form 60 along with other supporting documents.

How to Fill Form 60?

If you are planning to go with Form 60 instead of your PAN Card, it is important to keep a few details handy which will be required to be filled up before the form is submitted. These details are as follows:

1. The declarant’s full name must be provided.
2. The declarant’s address of residence must be provided.
3. The declarant’s date of birth and father’s name (applicable to individuals only).
4. The full address of the declarant must be provided in addition to their mobile number. 
5. Transaction details must be given (including the amount).
6. The place where you filed the income tax returns must be given.
7. Aadhaar number of the declarant.
8. The acknowledgement number and the date you applied for the PAN must be provided in case you have not received it.

How to Submit PAN Form 60?

Form 60 declaration must be submitted to the organization with which the transaction is being executed, either online or on paper. For instance, in order to open a bank account without a PAN Card, you must give the bank a duly completed and signed copy of Form 60 and any necessary supporting documentation. You must make sure that the bank where you started the savings account is informed if you obtain a PAN Card at any point during this process.

Information Required to Fill Out Form 60

There are 24 items Form 60 has 20 items that an individual must fill before submitting it. Here is a breakdown of these items:

Item  1 -  First Name, Middle Name and Surname

Item  2 - Date of Birth in DDMMYYYY format

Item  3 - Father's First Name, Middle Name and Surname

Items 4 - 13: Address as per official documents - Flat/ Room No, Floor No, Name of premises, Block Name/No, Road/ Street/ Lane, Area/ Locality, Town/ City, District, State, Pin code

Items 14 - 15: Telephone Number and Mobile Number

Item 16 - Amount of transaction

Item  1 - Date of transaction in DDMMYYYY format

Item  18 - Names of all persons in case of joint transactions

Item  19 - Mode of transaction

Item  20 - Aadhaar number if available

Item  21 - Acknowledgment and date of application of PAN if applied for it

Item  22 - Estimated total income for the financial year if PAN not applied

Item  23 - Details of identity proof document

Items  24 - Details of address proof document

Structure of Form 60

Given below are the details that must be filled in Form 60:

1. First name, middle name, and surname
2. Date of birth (DDMMYYYY format)
3. Father’s first name, middle name, and surname
4. Flat number or house number
5. Floor number
6. Name of the apartment or house
7. Block name and number
8. Street
9. Locality or area
10. City
11. District
12. State
13. Pin code
14. Telephone number along with the STD code
15. Mobile number
16. Transaction amount
17. Date of the transaction (DDMMYYYY format)
18. The number of individuals who have been involved in the transaction
19. Mode of payment
20. Aadhaar number
21. The acknowledgment number in case you have applied for a PAN Card but have not yet received it (DDMMYYYY format)
22. Agricultural income and non-agricultural income for the financial year must be provided if you have not applied for a PAN
23. Details of the document that you have provided as proof of identity
24. Details of the document that you have provided as proof of address

A declaration must also be signed along with the date mentioned on it.

Supporting Documents to Submit Form 60

The table below mentions the documents that can be produced as address and identity proof along with Form 60

Please note that submission of any of these documents will not be required if you have already apply for a PAN and have provided your Aadhaar number in Form 60.

Disclaimer: Please note that this page is for information purpose only. Please visit the official website of the Income Tax department to know about Form 60 and transactions for which PAN is mandatory.

Essential Requirements to Submit Form 60

Form 60 is to be submitted if you do not possess a PAN Card. Mentioned below are the essentials of Form 60 which you must be aware of. You will have to produce Form 60 for the following situations given below:

1. Any purchase or sale on an immovable property which is worth ₹5 lakh and above.
2. If you buy or sell any automobiles. Although you won't need to present Form 60 when buying or selling two-wheelers, you will need to do so if you buy or sell detachable sidecars.
3. Fixed deposit account having ₹50,000 and above with any bank.
4. If you have made a deposit worth ₹50,000 and above in any post office savings bank account.
5. Contract valued ₹10 lakh or above for the buying or selling of securities.
6. If you open a bank account with any bank or lending institution.
7. If you submitted an application for the installation of a telephone connection including mobile phone.
8. Payment made to hotels or restaurants against a bill with amount ₹25,000 and above at one given time.

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