Form 60 is a self-declaration form submitted by individuals who do not have a PAN card, yet wish to conduct high-value financial transactions where quoting PAN is mandatory, as per Rule 114B of the Income-tax Rules, 1962.

Ravi, a small shop owner from Agra, decided to buy a used SUV worth ₹7,50,000 in 2024. While everything was set for the payment, he faced a hurdle; he had never applied for a PAN card. The vehicle seller asked for PAN as per government rules. Confused, Ravi asked his friend who worked at a bank. His friend told him about Form 60.

Ravi downloaded it, filled in his details, attached his Aadhaar card, and submitted it with the vehicle documents. The deal was done within a day! Just like Ravi, many people in India don’t have a PAN but still need to make financial moves.

In such cases, knowing "What is Form 60? Meaning, Use & Who Should Submit It" becomes very important. As Babu Bhaiya from Hera Pheri would say, "Yeh toh bada toing hai!", but not if you know what to do.

This blog will help you understand what Form 60 is and who can fill it out.

What is Form 60?

Form 60 is a document used in place of a PAN card, signed by individuals who need to carry out transactions requiring a PAN but do not have one. This rule is covered under Rule 114B of the Income-tax Rules, 1962.

Sunita, a 54-year-old widow from Bhopal, wanted to make a fixed deposit of ₹80,000 in her bank. But she had never applied for a PAN card. Her bank asked for a PAN. Since she did not have it, Form 60 was filled out and submitted. Her deposit was accepted. This showed how Form 60 replaced PAN temporarily.

In 2025, Form 60 is still being used by many people, especially those living in villages or those who do not earn enough to apply for a PAN card. It helps them take part in important money matters.

When is Form 60 Required?

Form 60 must be given when certain transactions are done and the person does not have a PAN. As per Rule 114B, PAN must be used in many money dealings. But if PAN is not there, Form 60 can be used. This has been made clear by the Income Tax Department of India.

Raj, a mobile shop owner in Jaipur, deposited ₹65,000 in cash into his bank in early 2025. He had never applied for a PAN card. The bank asked for it, but instead, he submitted Form 60. His transaction was completed without trouble.

Below is a table showing when Form 60 can be used:

Activity	PAN Needed	Can Form 60 Be Used?
Deposit over ₹50,000	Yes	Yes
Car purchase	Yes	Yes
Hotel bill above ₹25,000	Yes	Yes
Opening a savings account	Yes	Yes

These rules help track money movements and keep people from avoiding taxes. Still, Form 60 helps those without PAN stay part of the system.

What Details Are Needed in Form 60?

Form 60 requires personal details like PAN card number, Full name, Aadhaar card number, etc. These details help the government know who is doing the transaction and why. The form also shows the amount of money involved. This is important for keeping everything safe and legal.

Iqbal, a carpenter from Nashik, wanted to open a savings account in his nearby rural bank. Since he had no PAN, he filled out Form 60. He gave his Aadhaar number, address, estimated yearly income, and the amount he would deposit. The bank accepted it and opened his account.

Here is a table showing the main details needed:

Field	Mandatory
Full Name	Yes
Address	Yes
Estimated Income	Yes
Aadhaar Number	Yes
Date of Transaction	Yes

These are important to prevent false information. Always write the correct data when filling out the form.

How to Download and Submit Form 60?

Form 60 can be downloaded online and then submitted to the right place. This is usually done when a person needs to do a financial transaction but does not have a PAN card. The form can be filled out either by hand or on a computer.

To get the form, the steps below must be followed:

Step	Action
Step 1	Visit incometax.gov.in
Step 2	Go to Forms > Income Tax Forms
Step 3	Choose Form 60 from the list
Step 4	Download the PDF form

Once the form is downloaded, it must be filled out and signed. After this, it should be given to the bank, post office, or office where the transaction is being done. If it is an online process, the form may be scanned and uploaded. For offline work, a printed copy must be submitted with documents.

Valid Documents to Attach to Form 60:

To complete Form 60, supporting papers are required. These help prove who the person is and where they live. Below are some accepted options.

Type	Document	Accepted?
Identity	Aadhaar, Passport, Voter ID	Yes
Address	Electricity Bill, Water Bill	Yes
Income	IT Return copy (if available)	Optional

The documents must be clear and not expired. If a photocopy is used, it should be signed by the person.

Who Can and Cannot Submit Form 60?

Not everyone is allowed to submit Form 60. Only certain people living in India are allowed. Foreigners or Non-Resident Indians (NRIs) cannot use it.

Who Can Apply?

Person Type	Can I submit Form 60?
Indian Resident (18+)	Yes
Minor (below 18)	No
NRI	No
Foreign Citizen	No

Conclusion:

Form 60 helps people who do not have a PAN card take part in important money matters. It allows them to open accounts, make deposits, and carry out large transactions without any problems. This supports financial inclusion, especially for those living in rural areas or with limited documents.

However, it should be used truthfully and only when PAN is not available. Giving wrong information can cause trouble later. Though Form 60 is helpful, applying for a PAN card is always better for the future. Still, until that happens, Form 60 keeps financial access open and smooth for everyone.

FAQs

Q1. Can I use Form 60 every time?
Yes, it can be used each time a PAN is required, only if you genuinely do not have a PAN card.

Q2. Where do I submit Form 60?
Form 60 must be submitted at the place where the transaction is happening, such as banks, post offices, or other financial offices.

Q3. Can NRIs use Form 60?
No, Form 60 can only be submitted by Indian residents. NRIs and foreign citizens are not allowed to use it.

Q4. Is Aadhaar enough to submit Form 60?
Aadhaar is needed, but it must be given along with a valid address proof. Both are required for the form to be accepted.

Other Related Pages
Section 194IA of Income Tax Act: TDS on Property Purchase	Section 80EEA: Extra Tax Deduction on Home Loan Interest	Section 206CQ: Higher TCS for Overseas Remittances	Section 194R: TDS on Business Perks & Benefits
Section 269ST: Cash Transaction Limit Rules	Section 281: Restrictions on Transfer of Assets	Section 32: Depreciation Under Income Tax Act	Section 40A: Expenses Disallowed Under Tax Rules
Section 54B of Income Tax Act	Top Tax-Free Bonds in India You Can Invest In	Best Tax-Saving Options for Salaried Employees	Income Tax Slab for Partnership Firms in India
Types of Assessment in Income Tax Explained	Section 17(3): Tax on Profits in Lieu of Salary	Direct Tax vs Indirect Tax: Key Differences	What is VAT? Meaning and Applicability
What is Input Tax Credit (ITC) in GST	VAT vs GST: What’s the Difference	Section 10(12) of the Income Tax Act Explained	Form 60: When to Use It Without a PAN Card
How to Register on Income Tax E-Filing Portal		Section 115BBE: Tax on Unexplained Income