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Appointment Affidavits (SF-61) Who Submits: All new employees. Purpose: This form is used on your first day of work when you take the Oath of Office. This form is NOT to be completed until you are sworn in. Instructions: Print one copy.
Type of Transaction and limit Cash payment exceeding Rs 10 lakh for purchasing any prepaid RBI instruments like RBI bonds, etc. Deposits or withdrawals amounting to Rs 50 lakh or more from any number of current accounts of a person with the bank.
Difference between Form 60 and 61 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.
Form 60 is a declaration form used in India for individuals who do not have a Permanent Account Number (PAN) but need to carry out certain financial transactions. It serves as an alternative to providing a PAN when conducting specific transactions or opening certain accounts.
In case an applicant does not possess PAN number, they will have to submit either Form 60 or Form 61 instead. This declaration form will have to be submitted by an individual who does not hold a PAN number but wishes to enter into transactions mentioned in Rule 114B.

People also ask

(DHS Forms N-560 or N-561) Department of Homeland Security (DHS) issues certificates of citizenship to individuals who derive citizenship through a parent.
At the time of entering into certain specified transactions, PAN Card No. is mandatorily required to be submitted. In case a person does not have a PAN Card No., he can submit a declaration in Form 60/Form 61.
Form 60 serves as an alternative for those without a PAN card, ensuring that they can still carry out necessary financial activities while staying compliant with income tax regulations. It helps individuals report their financial dealings to the authorities in the absence of a PAN.

form 61