RTO Form 60: How to Download & Fill

Form 60 is an important document used by the Income Tax Department to record specific transactions, including sales and purchases, by individuals who do not have a PAN card. The PAN or Permanent Account Number is used to identify taxpayers and help the government keep a check on tax payments and financial transactions. In the absence of a PAN, or if an individual has applied for a PAN but has not yet received it, Form 60 acts as a substitute.

In this blog, we will look at some important questions about Form 60 - how to fill it, where to download, and the documents required to verify and submit it successfully. If you are planning a vehicle-related transaction without a PAN card, this guide will help you navigate the formalities using RTO Form 60.

What is RTO Form 60?

Form 60 is a legal document the Income Tax Department provides for individuals engaging in vehicle-related transactions without a PAN card. Although PAN is a mandatory financial identification in India, individuals without one can use Form 60 as a substitute document. According to Rule 114B of the Income Tax Rules, 1962, certain transactions can be done without a PAN card, given the submission of a duly filled Form 60.

Form 60 is allowed for these transactions-

• Sale or purchase of a vehicle
• Ownership transfer of a vehicle
• Registering a new vehicle
• Financial transactions beyond the limit set by the Income Tax Act

Besides vehicle-related transactions, Form 60 is also used to open a Demat account, buy or sell immovable property, open a fixed deposit, apply for a debit or credit card, and pay for mutual funds or life insurance premiums. Additionally, if you plan to apply for car insurance online without a PAN card, check with the insurance provider to confirm if Form 60 can be used.

Form 60 is meant for individual transactions and cannot be used by companies or organisations. In case you do not have a PAN card or have not applied for one yet, you must fill and submit Form 60 to ensure compliance with tax regulations for vehicle-related transactions.

How to Download Form 60?

To download RTO Form 60, go to the official website of the Income Tax Department.

1. Find Form 60: Go to the “forms” or “downloads” section, or search for the form using the search bar.
2. Download the Form: Use the download link to save the form as a PDF.
3. Print the Form: Print of the form for filling and submission.

How to Fill Form 60?

To fill and submit Form 60 successfully, follow these simple steps:

1. Download the Form: Get the form from the official website of the Income Tax Department.
2. Fill Personal Details: Provide information such as full name, address, and date of birth.
3. Transaction Details: Fill in the nature of the transaction (purchase, sale, or registration) and the monetary value involved.
4. Declaration: State the reason for not possessing a PAN card and provide documents such as Adhaar or Passport for verification. If you have applied for a PAN card, give the application number in the space on the form.
5. Check The Document List: At the end, you will find a list of documents to be attached to Form 60. Put a “check” mark next to all the documents you have provided with the form.
6. Signature: Sign the form in the designated place.

If the form is being filled out for a minor, documents such as identity and address proof of the parents must be verified and attached.

Documents Required for Form 60

When you submit RTO Form 60, a few supporting documents need to be attached to the form for verification and validation of the transaction. These documents are:

1. Identity Proof: Adhaar card, passport, and voter ID
2. Proof of Residence: Address proof includes utility bills, rent or lease agreement, and a bank statement or passbook with the current address
3. Transaction Proof: The invoice or receipt for the sale of the vehicle or the agreement for the transfer of ownership
4. Photograph: Passport-size photos of the applicant
5. Address details: The address where you have filed your income tax return needs to be provided

To ensure a smooth process, self-attest all the documents before submitting the form and carry the original documents for verification.

Conclusion

Form 60 is an essential tool that enables people without a PAN card to complete essential vehicle-related transactions smoothly. Go through the list of documents and ensure you possess both the originals and copies for smooth verification of the form. Always provide correct details, as making a false declaration in Form 60 could result in legal consequences, such as fines and imprisonment. This guide offers a hassle-free approach to obtaining and filling out Form 60 so that you can complete the sale or purchase of a vehicle while complying with the necessary income tax rules. 

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.