PAN Form 60 | PAN Form 61
What is PAN Form 60
- It is kind of Form which needs to submitted by individuals who do not possess a PAN card . Form 60 is Required when there is a Buying and Selling of assets, Payment in cash above ₹ 50,000, Registration of Business . Form 60 is a must have document to carry out financial transactions if you do not possess PAN card.
What is PAN Form 61
- Individuals who do not possess PAN and receives income solely from agriculture and do not entertain any other Taxable income should fill Form 61. This form is issued by Income Tax Department of India under the supervision Central Board of Direct Taxes.