All you need to know about Form 60
In India, PAN Card Registration is mandatory to carry out certain financial transactions. Serving as a tool for the Income Tax Department, to keep track in case of tax evasions or fraudulent activities. However, there are some individuals, or non-individuals, who may not have a PAN card, and still may want to undertake some such transactions. For these users, the Government has provided some relaxation. They can submit Form 60 to the concerned authority to avail of the transaction. It applies to a particular class of transactions, in certain situations only. And [...]