Declaration for transactions without PAN: Form 60 requires identity/address proof, income declaration, and verification to prevent misuse. Form No. 60 prescribes the declaration to be filed by a person without a Permanent Account Number entering into transactions under rule 114B, capturing declarant and transaction particulars, estimated income where PAN is not applied for, Aadhaar if available, and documents supporting identity and address. The declarant must verify non-possession of PAN and declare income below the non-taxable threshold or, for covered foreign companies, absence of income chargeable to tax. The receiving person must refuse the declaration where declared income exceeds the non-taxable limit unless PAN application details are provided; false statements attract penalties under section 277.