A PAN card is one of the essential documents that individuals must obtain in order to conduct financial transactions, prove identity, file tax returns, etc. The Indian government has made it mandatory for Indian citizens to possess a PAN if they fall under the income-earning heading or if they want to undergo financial transactions in this country.
However, if you do not have one, you must submit PAN Form 60 to the authorities to complete your transaction. If you are eager to learn more about Form 60 for PAN card navigate through this write-up below.
Form 60 is a form of declaration where you require mentioning your personal details, such as your name and your address. It is an essential document that you can use to buy and sell assets, pay cash above a specific limit, file tax returns, register your business, obtain a PAN card and many more.
Now that you know what Form 60 is, you must understand when you require this essential document.
You need this document while carrying out the following process:
Important Note: All the above-mentioned are just for reference. If you wish to find the complete list of the transactions that require PAN mandatorily, you must visit the official website of the Income Tax Department.
There are several documents you need to have as identity and address proof to fill Form 60 for PAN. These are as follows:
You need to have a copy of the trust deed or registration certificate issued by the Charity Commissioner
Now, let us get into the details about the process of filling Form 60.
Filling Form 60 is a hassle-free task and requires minimum intervention. Well, you must ensure to fill in all details appropriately by providing the correct name and address details and phone numbers as they ask. Additionally, check the form before you submit it to officials to prevent any mistakes.
Here are the details of how you must fill in Form 60 via online mode:
Step 1: Visit the official portal of Income Tax Department and download the form 60.
Step 2: You must provide the complete information as a declarant, including name and Aadhaar number.
Step 3: Then, you need to give the complete address.
Step 4: Next, you must provide your birth date and your father’s name
Step 5: You are also required to provide the correct phone/telephone number as a declarant.
Step 6: It is necessary to give all transaction details along with the amount.
Step 7: You must give the address where you have submitted your Income Tax Returns.
Step 8: In case you have not received your PAN card, you must mention the application date and number.
Apart from knowing all these details above, it is also necessary to know the structure of Form 60 for PAN Card.
If under any circumstances, you do not have the provision of filling via the online mode, you can fill it offline via district-level PAN agency as well. You can search online about the nearest centres by entering your state or Pin Code.
Here are the details that you must follow to fill in Form 60 via offline mode:
Step 1: Download the form 60 from the website of UTIITSL or collect its copy from any district agency.
Step 2: Proceed with filling the form. Do not forget to attach the required documents which includes identity and address proof along with your photograph
Step 3: After filling in the form, submit it to the office of UTIITSL. You will have to pay a nominal fee for processing
You will receive your PAN card at your assigned address within a span of 15 working days.
Form 60 is an essential document and consists of a specific structure. It has about 24 items that you need to duly fill in during the submission of this document. Therefore, here is the structure of Form 60:
As mentioned earlier, you must always double-check the document before finally submitting it to the officials. Here is how you must submit Form 60 for PAN:
Step 1: In order to fill out Form 60, you need to submit its declaration either offline or online at your convenience. For example, during the opening of a bank account, if you do not have a PAN card, you must submit the duly signed and filled Form 60.
Step 2: You must also provide all the supporting documents to the financial institution or the bank.
Step 3: However, if you obtain your PAN card by then, you should immediately inform your bank where you have opened your savings account.
However, an individual must face the consequences if they have not submitted the correct documents or provided the wrong declaration. Let us find out what happens in this case.
You must be very careful before you sign the declaration in Form 60 since any false or wrong information can lead to a disaster. Here are the consequences you might have to face:
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