What is PAN Card Form 60: How to Fill, Process & Documentation

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.

What Is Form 60 for PAN Card?

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.

When Do You Need Form 60?

You need this document while carrying out the following process:

Sale as well as the purchase of any immovable property which has a value of nearly ₹ 10 lakhs or more than that.
Sale as well as the purchase of any motor vehicle which includes detachable sidecars having wheels connected to the vehicle and excludes two-wheelers.
While opening a Demat account.
When you are willing to open an account with any bank or financial institution.
When you wish to apply for a debit or a credit card.
If you want to keep a fixed deposit amount which is more than ₹ 50,000 with any bank.
If you want to keep any deposit which is more than ₹ 50,000 in the savings bank account of the Post Office.
When you want to pay for mutual funds that exceed ₹ 50,000.
When you want to pay for a life insurance premium that exceeds ₹ 50,000 in a year.
If there is any contract with a value of ₹ 1 lakh or more in a single transaction for the buying or selling of the securities.
When there is a sale as well as the purchase of shares of a company that is not listed in any of the recognised stock exchanges and when it is more than ₹ 1 lakh per transaction.
You need to pay hotels and restaurants against bills or purchase of foreign currency or you need to travel to a foreign country, and you need an amount of more than ₹ 50,000 for a time.
When there is a purchase or sale of services and goods that are not listed above and they are more than ₹ 2 lakh per transaction.

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.

What Are the Documents You Need to Fill out Form 60?

There are several documents you need to have as identity and address proof to fill Form 60 for PAN. These are as follows:

1. For Individuals and Hindu Undivided Families

Voter ID card
Aadhaar card
Passbook of bank or post office consisting of an applicant’s photograph
Driving licence
Passport
Public Distribution System or Ration card with an applicant’s photograph
Pensioner photo card
NREGA Job card
Domicile or caste certificate having an applicant’s photo
Address certificate/identity signed by a Member of Parliament/Municipal Councillor/ Member of Legislative Assembly/Gazetted Officer as mentioned under Annexure A mentioned under Form 49A
Certificate from an employer showing annexure B specified under Form 49A
Kisan passbook containing the applicant’s photo
Central Government Scheme of Health or Ex-servicemen Contributory Health Scheme card
Consumer gas card/book or piped gas bill which is not more than 3 months
Arm’s licence
Photo ID card provided by any Public Undertaking or government institute
Electricity/landline or mobile bill /water bill (max 3 months old)
Credit Card statement (max 3 months old)
Bank Account Statement (max 3 months old)
Depository Account Statement (max 3 months old)
Property registration certificate
Government’s letter explaining Allotment of accommodation
Passport of spouse bearing name of that individual
Property tax payment receipt (max 1-year-old)

2. For Association of Persons or Trusts

You need to have a copy of the trust deed or registration certificate issued by the Charity Commissioner

3. Association of Persons Other Than Trusts or Body of Individuals or Local Authorities or Artificial Juridical Person must provide:

Agreement copy/ registration certificate copy that Charity Commissioner Issues/ Registrar of Cooperative Society/any other related authority/any other document coming from any Central or State Government Department confirming identity and address of the individual
In case the transaction is in the name of a minor, you can provide any of the above documents as an identity or address proof of any of the guardians or parents of the minor. Officials will consider it as an identity and address proof of the minor applicant. A guardian or parent must sign the declaration
If any transaction is in the name of two or more two people, the total number of people and the total transaction amount must be mentioned in the form
In the case of Hindu Undivided Family, any document in the name of Karta of HUF is necessary

Now, let us get into the details about the process of filling Form 60.

How to Fill in Form 60 through Online Mode?

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.

How to Fill in Form 60 Through Offline Mode?

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.

What Is the Structure of Form 60?

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:

It consists of the first name, middle name and surname of an individual/applicant/declarant.
This form needs you to mention your Date of Birth in DD/MM/YYYY format.
You will notice there is a space where you require to mention your address as said in official documents:
- Name of premises
- Block name
- Flat No.
- Street
- Area
- Lane
- District
- Locality
- City
- Pin Code
- Town
It consists of a telephone number and a mobile number.
You need to mention the transaction amount, which is part of its structure.
The structure also consists of the Date of the transaction in DD/MM/YYYY format.
It requires you to mention the names of all people if there are joint transactions.
This form also includes the mode of transaction.
The structure requires you to fill in your Aadhaar number (if available).
Acknowledgement and date of PAN application, if applied for it, is an essential part of a structure.
It consists of the details of identity and address proof documents.
Estimated total income for the financial year, if you did not apply for PAN, is another essential part of the structure.
Knowing how to submit this document is equally important to prevent any mistakes.

How to Submit 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.

What Are the Consequences of the Wrong Declaration in Form 60?

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:

You might face imprisonment for 3 months to 2 years or can be penalised with a fine.
If the amount is more than ₹ 25 lakhs, you might have to face imprisonment from 6 months to 7 years and need to pay a fine for false or wrong declaration.

FAQs About Form 60 for PAN Card

All

Do non-Indian residents require to submit PAN Form 60?

No, non-Indian residents aren't required to submit Form 60. However, this exemption is limited to only specific transactions, including a restaurant or hotel bill payment, debit or credit card application and related activities.

How many times can I use Form 60?

You can use Form 60 as many times as you need to. However, if you are providing this document to the same authority or person subsequently, you can opt to provide only the information of increment.

What is the validity of Form 60?

While applying for Form 60, you must know the validity of this document along with all the other details. Well, the validity of this document is 6 years from the end of the financial year when you made this transaction.

Is Form 60 mandatory for every transaction I make?

Form 60 is essential for certain transactions that you make if you do not have a PAN card. It is mandatory to make payments to restaurants and hotels against their bills. However, the amount should exceed ₹ 25,000 at any one time.