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Form 60 will be a valid alternative to PAN if the applicant has income that comes under the taxable income category. Form 61 will be a valid alternative to PAN if the applicant has only agricultural income and does not have any other sources of income which is taxable.
Every person who intends to enter into specified financial transactions in which quoting of PAN is mandatory. Every non-individual resident persons and persons associated with them shall apply for PAN if the financial transaction entered into by them during the financial year exceeds Rs. 2,50,000.
Axis Bank Branch: Submit physical request at an Axis Bank Branch along with self-attested copy of Pan Card with duly filled and signed Customer Request Form or Form 60 along with self-attested ID and Address Proof and duly filled and signed Customer Request Form.
Form 60 is a document to be filed by a person (not a company or firm) to carry out transaction specified in Rule 114B when they do not have a PAN either because: they have not applied for PAN or. they have applied for PAN but allotment is pending.
The following information requires to be filled in Form 60: Full address and name of declarant. Particulars related to the transaction for which you are filling the Form 60. In case you are assessed w.r.t income tax, mention the details of the range, circle or ward where you had filed the last return of income.
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As per the government regulations, PAN details should be furnished for transactions above Rs 2 lakh, irrespective of the payment method. Individuals who dont own a PAN and have transactions exceeding Rs 2 lakh should fill a form and provide the required identity proof.
Form 60 is required to be filed in cases where a person enters into any of the transactions mentioned above but does not have a PAN card. Form 61 is required to be furnished in case a person who has agricultural income and is not in receipt of any other income chargeable to income tax.
To download Form 60 pdf, follow the steps outlined below: Step 1: Go to the official website of the Income Tax Department. Step 2: From the top navigation menu, select Forms/Download. Step 3: Select Income Tax Forms from the drop-down menu. Step 4: You will be led to a page listing various income tax forms.
Form 60 is a declaration form that is used by Non-Resident Indians (NRIs) to declare their income sources in India. It is required for NRIs under the Income Tax Act when they open a new bank account, purchase mutual funds, or receive certain types of income from India.
Some key information that needs to be filled in Form 60 includes: Full name and address of the declarant. Date of birth of the declarant and name of Father (in case of an individual) Full Address of the declarant with mobile number. Particulars of the transaction and the amount of the transaction.

axis bank form 60