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Gunjan Shukla
Gunjan Shukla

The Ultimate Guide on How to Download Form 60 for Transactions Under Rule 114B


How to Download Form 60




Form 60 is a declaration that must be submitted by individuals who do not have a Permanent Account Number (PAN) and who enter into certain transactions specified in Rule 114B of the Income-tax Rules, 1962. PAN is a unique identification number issued by the Income Tax Department to every taxpayer in India. It is mandatory to quote PAN in various documents such as income tax return, any correspondence with the income tax department, and documents pertaining to certain transactions such as sale and purchase of assets, opening bank accounts, etc.


However, some people may not have a PAN or may have applied for PAN but not received it yet. In such cases, they can use Form 60 as a substitute for PAN and carry out the transactions without any hassle. In this article, we will explain what is Form 60, why you need it, how to fill it, how to download it online, how to submit it, and what are the benefits of using it.




how to download form 60



What is Form 60 and Why You Need It




Form 60 is a document that can be filed by a person (not a company or firm) who does not have a PAN and who enters into any transaction specified in Rule 114B of the Income-tax Rules, 1962. Rule 114B lists out various transactions where PAN is mandatory, such as purchase or sale of any motor vehicle, opening of demat account, opening of bank account, purchase or sale of immovable property, payment of life insurance premium, etc. If you do not have a PAN or you have applied for PAN but allotment is pending, you can use Form 60 instead of PAN and provide relevant details and documents to support your identity and address.


Form 60 is not acceptable if your total income (other than agriculture) is more than the basic exemption limit. In that case, you must apply for PAN and mention the date of application in column 21 of the form. The basic exemption limit for individuals below 60 years of age is Rs.2.5 lakh, for senior citizens (60 years or above but below 80 years) is Rs.3 lakh, and for super senior citizens (80 years or above) is Rs.5 lakh.


Transactions that Require Form 60




The following table shows the transactions where PAN or Form 60 is required as per Rule 114B:


Nature of transactionValue of transaction


Purchase or sale of any motor vehicle excluding two wheelersAny value


Opening of demat accountAny value


Opening an account with any banking institution or bank other than basic savings deposit account/Application to institution or bank or company for debit or credit cardAny value


Purchase or sale of an immovable propertyValue of Rs.10 lakh or above


A fixed deposit with any bank/post office/Nidhi/non banking financial companyAmount more than Rs.50,000 or aggregation of more than Rs.5 lakh during any tax year


Payment to restaurants or hotels in cash against the billsExceeding Rs.50,000 at one time


Payment in connection with travel to any foreign country or payment for purchase of any foreign currency in cashExceeding Rs.50,000 at one time


Payment of a life insurance premiumExceeding Rs.50,000 in a tax year


Purchase of shares of a company or mutual funds or debentures or bondsAmount more than Rs.50,000 or aggregation of more than Rs.5 lakh during any tax year


Purchase or sale of any goods or services other than those specified aboveExceeding Rs.2 lakh per transaction


Eligibility Criteria for Form 60




You can use Form 60 only if you meet the following conditions:


  • You are an individual (not a company or firm) and you do not have a PAN.



  • You have not applied for PAN or your PAN allotment is pending.



  • Your total income (other than agriculture) is less than the basic exemption limit.



  • You are entering into any transaction specified in Rule 114B.



How to Fill Form 60




Form 60 is a simple one-page form that requires you to provide some basic details and documents to verify your identity and address. You can download Form 60 from the income tax portal or other websites as explained later in this article. You can also obtain Form 60 from the person with whom you are entering into the transaction, such as the bank, the broker, the seller, etc.


Details to be Provided in Form 60




The following details are required to be filled in Form 60:


How to download form 60 for income tax


How to download form 60 online


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How to download form 60 from income tax website


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How to download form 60 for non-PAN transactions


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How to download form 60 for buying property


How to download form 60 for mutual fund investment


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  • Name and address of the declarant.



  • Particulars of the transaction and the amount of the transaction.



  • Date of birth and gender of the declarant.



  • Father's name of the declarant.



  • Estimated total income (including agriculture) for the tax year in which the transaction is made.



  • Details of any existing bank account, such as account number, name and address of the bank, branch, etc.



  • Details of any document that can prove your identity and address, such as Aadhaar card, voter ID card, driving license, passport, ration card, etc.



  • Reason for not having PAN and whether you have applied for PAN or not.



  • Date and place of declaration and signature/thumb impression of the declarant.



Documents to be Attached with Form 60




You need to attach copies of the following documents along with Form 60:


  • A proof of identity, such as Aadhaar card, voter ID card, driving license, passport, etc.



  • A proof of address, such as electricity bill, telephone bill, bank statement, etc.



  • A copy of the transaction document, such as sale deed, purchase invoice, bank statement, etc.



How to Download Form 60 Online




You can download Form 60 online from two sources: the income tax portal and other websites that offer Form 60 download service. We will explain both methods below.


Steps to Download Form 60 from Income Tax Portal




The income tax portal is the official website of the Income Tax Department where you can access various services related to income tax. You can download Form 60 from this portal by following these steps:


  • Visit .



  • Scroll down to the section "Other Forms" and click on "Form No. : 60".



  • A PDF file will open in a new tab. You can save it on your device or print it directly.



Steps to Download Form 60 from Other Websites




There are some other websites that offer Form 60 download service for free. You can use any of these websites to download Form 60 online. Some examples are:











How to Submit Form 60




Once you have filled and signed Form 60 and attached the required documents, you need to submit it to the person with whom you are entering into the transaction. For example, if you are buying a car, you need to submit Form 60 to the car dealer; if you are opening a bank account, you need to submit Form 60 to the bank; if you are paying life insurance premium, you need to submit Form 60 to the insurance company, and so on.


You can submit Form 60 either online or offline, depending on the mode of transaction and the preference of the person receiving it. We will explain both methods below.


Online Submission of Form 60




Some transactions can be done online, such as opening a demat account, buying mutual funds, paying insurance premium, etc. In such cases, you can submit Form 60 online as well. You need to scan the filled and signed Form 60 and the documents and upload them on the website of the person with whom you are transacting. You may also need to provide some additional details such as your email address, phone number, etc. Y


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