What is Form 60: How to Fill and Download It?
Ever needed to make a big purchase or bank transaction, but didn’t have a PAN card? That’s where Form 60 comes in.
Form 60 is a document you can use instead of a PAN card when you don’t have one but still need to do important financial transactions like buying property, opening a bank account, or depositing large amounts of money.
If you don’t have a PAN yet, knowing about Form 60 can help you avoid delays and complete your transactions smoothly.
When Do You Need Form 60?
You’ll need Form 60 only if you don’t have a PAN card, and you want to:
- Buy or sell property worth more than ₹5 lakh
- Open a bank account
- Deposit more than ₹50,000 in a bank or post office
- Buy shares or mutual funds worth over ₹50,000
- Buy a car or two-wheeler
- Apply for a credit card
- Purchase insurance or invest in debentures
How to Fill Form 60:
Filling Form 60 is quite simple. Here’s a step-by-step guide:
Personal Details:
- Your full name (as per your ID)
- Date of birth (in DD/MM/YYYY format)
- Address with proof (like Aadhaar, passport, etc.)
- Your father’s name
Transaction Details:
- Type of transaction (like buying a car or depositing money)
- Date and amount of the transaction
Identity Proof:
You’ll need to attach a copy of a valid ID like:
- Aadhaar Card
- Voter ID
- Passport
- Driving Licence
- Any government-issued ID with your name, DOB, and address
Declaration:
In the last section, you must:
- Declare all the information is correct
- Sign the form with your full name
How to Download Form 60:
You can easily get Form 60 in the following ways:
- From Bank Websites: Most banks have a “Forms” section where you can download Form 60 as a PDF.
- From the Income Tax Department Website: Visit the Income Tax Department website, go to the forms section, and search for Form 60.
- From Your Local Bank Branch: If you’re not comfortable downloading online, just walk into your nearby bank and ask for a copy of Form 60.
When You Can't Use Form 60:
Even though Form 60 is helpful, there are situations when it can’t be used:
- If you already have a PAN card, you must use that instead
- You can’t fill the form for someone else or use a fake name
- It is only for Indian citizens – not for NRIs or foreign nationals
Wrapping Up:
Form 60 is a useful alternative if you don’t have a PAN card but need to do high-value transactions. But remember, after using Form 60, the Income Tax Department may remind you via SMS or email to get your PAN card or update your PAN with the bank or institution where you submitted Form 60.
Note: This blog is for awareness and educational purposes only. The views are personal and not meant to promote any specific product.
