Regarding for 60/61

[Guest]

hi i got the notice from income tax department to submit returns under form 60/61 under rule 12 of income tax 1962 act to submit the returns section 140.

Can you please help me out over these.

Thanks in advance for the help

[DR.MARIAPPAN GOVINDARAJAN]

Form 60 and 61 are not income tax returns. Form 60 is the form of declaration to be filed by a person who does not have either a permanent account number or General Index Register No. and who makes payment in cash in respect of transaction specified in clauses (a) to (h) of Rule 114B. Form 61 is form of declaration to be filed by a person who has agricultural income is not in receipt of any other income chargeable to income tax in respect of transactions specified in clauses (a) to (h) of Rule 114B.

Rule 12 deals with filing of return on self assessment basis.

You have to indicate the details in the notice received from the Department and also the fact of the case. Then only help can be extended.

AI Summary

Income Tax Notice: Understanding Form 60/61 Requirements Under Rule 12 for Filing Returns Without a Permanent Account Number An individual received a notice from the income tax department to submit returns under Form 60/61 as per Rule 12 of the Income Tax Act, 1962. They sought assistance on the matter. A respondent clarified that Form 60 is for those without a permanent account number making cash payments for certain transactions, while Form 61 is for individuals with agricultural income and no other taxable income. Rule 12 pertains to self-assessment return filing. The respondent advised the individual to provide details from the notice for further assistance.