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Any person without a permanent account number who enters into transactions under Rule 114B of the Income-tax Rules, 1962, must submit Form No. 60 either physically in paper form or electronically using an electronic verification code. The electronic verification occurs through an approved transactional portal or via specified Aadhaar Authentication methods. A person may use the paper form if electronic verification fails due to information technology issues. Persons responsible for collecting Form No. 60 for multiple transactions within a financial year may collect incremental information if subsequent transactions link correctly.
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DGIT(S)/ADG(S)-2/Form 60 Digitization/151/2018
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems)
Notification No. 1 of 2018
New Delhi, 5th April, 2018
Procedure for submission of Form No. 60 by any person who does not have a Permanent Account Number and who enters into any transaction specified in Rule 114B of the Income-tax Rules, 1962 As per second proviso of Rule 114B (Transactions in relation to which Permanent Account Number is to be quoted in all documents for the purpose of clause (c) of sub- section (5) of section 139A of the Income-tax Rules, 1962 (hereunder referred to as the Rules), any person who does not have a Permanent Account Number and who enters into any transaction specified in this rule, shall make a declaration in Form No. 60 giving therein the particulars of such transaction either in paper form or electronically under the electronic verification code. 2. As per sub-rule (1) of Rule 114D (Time and manner in which persons referred to in Rule 114C shall furnish a statement containing particulars of Form No. 60), the persons referred to in clauses (a) to (k) of sub-rule (1) of Rule 114C and sub-rule (2) of Rule 114C shall furnish a statement in Form 61 containing particulars of declarations received in Form 60 to the Director of Income-tax (Intelligence and Criminal Investigation) or the Joint Director of Income-tax (Intelligence and Criminal Investigation) through online transmission of electronic data to a server designated for this purpose and obtain an acknowledgement number. 3. Rule 114B of the Income-tax Rules, 1962, provides that the declaration in Form No.60 can be submitted either in paper form or electronically under the electronic verification code in accordance with the procedures, data structures, and standards specified by the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems). 4. In exercise of the powers delegated by Central Board of Direct Taxes (‘Board') under Rule 114B of the Income-tax Rules, 1962, the Principal Director General of Income-tax (Systems) hereby lays down the following procedures for submitting Form No. 60.
