Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Note
Bookmark
Share
Don't have an account? Register Here
<h1>Understanding Form No. 60: Declaration for Transactions Without PAN Under Rule 114B of Income-Tax Rules, 1962</h1> Form No. 60 is a declaration for individuals or entities, excluding companies or firms, without a Permanent Account Number (PAN) who engage in transactions specified under rule 114B of the Income-tax Rules, 1962. The form requires personal details, transaction specifics, and supporting documents for identity and address verification. It includes a verification statement affirming the accuracy of the provided information. The form outlines penalties for false declarations and conditions under which the declaration is unacceptable, such as when income exceeds non-taxable limits without a PAN application. Various documents can support identity and address claims, depending on the applicant's category.
TaxTMI