Form 61 - Complete Information

Form 61 is a form of declaration that is to be filled out by an individual who receives income solely from agriculture and is not the recipient of any other income that is taxable, with respect to transactions mentioned in Clauses (a) to (h) Rule 114B.

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What is Form 61 used for?

This form is used in the place of a PAN Card with respect to transactions mentioned in Clauses (a) to (h) Rule 114B. These transactions are:

1. Purchase or sale of immovable property that is worth over ₹5,00,000.
2. Purchase or sale of vehicles, other than a two-wheeler.
3. A fixed deposit that exceeds ₹50,000 with any bank.
4. A fixed deposit account that exceeds ₹50,000 with the Post Office.
5. Contract related to purchase or sale of specified securities that exceed ₹10,00,000.
6. This form is required for opening an account with a bank.
7. Applications for installing a telephone connection(includes cellular connection) require this form.
8. Payments that exceed ₹25,000 to restaurants and hotels.
9. Payments to mutual funds for unit purchases.
10. Payment in the form of a life insurance premium.
11. Buying bank drafts or pay orders.
12. Payments for traveling abroad.

1. Payment for stock acquisition.
2. Request for the issuance of a credit or debit card.
3. Payment for the purchase of debentures or bonds.
4. Buying shares in a company.
5. Purchase or remittance payments made outside of India.

In case of minors whose income is not taxed, their father's/mother's/guardian's PAN number should be given.

How to Fill Form 61?

Form 61 can be procured both online as well as offline. Applicants will have to provide certain information that is required. This includes -

1. The name and address of the applicant
2. Particulars or details of the transaction
3. Proof of address
4. Date, place along with the declarant's signature

Applicants will also have to sign the verification mentioned in the form, stating that all information provided is true, to the best of their knowledge. Information regarding date and place should also be provided.

Form 61 will have to be given during the time of transaction to the person handling the transactions, such as a manager at the bank.

The steps to apply for Form 61 online are mentioned below:

Step 1 - Visit the e-filing portal, https://www.incometax.gov.in/iec/foportal/ to register for Income Tax Department Reporting Entity Identification Number (ITDREIN). 

Step 2 - Use the same credentials that you used to file your Income Tax Return.

Step 3 - To register for the first time, select the 'Reporting Portal' link under the 'My Account' tab.

Step 4 - Enter the requested information including the category, the reporting person's address, and the form type.

Step 5 - Enter the Principal Officer's information.

Step 6 - The ITDREIN will be created automatically following submission.

Step 7 - The Principal Officer will be notified via e-mail to their registered e-mail address, as well as SMS to the registered mobile number

Also Check: Form 49A

Documents Required Along with Form 61

While providing Form 61, a supporting document to verify their address will have to be provided by the applicant. Documents counted as valid proof of address are as follows:

1. Aadhaar card
2. EPIC or Electoral Photo Identity Card
3. Ration Card
4. Driving License
5. Passport
6. Identity card issued by an institution, containing the applicant's address
7. Recent utility bills (not older than 3 months)
8. Communication or document issued by the State Government or Central Government containing the applicant's residential address.
9. Other documents that verify the applicant's address provided in the declaration

The document provided by the applicant as proof of address will have to be self-attested.

Difference Between Form 60 and Form 61

A PAN Card is a necessary document that every citizen must have. This document keeps a track of the holder's financial transactions. In case an applicant does not possess PAN number, they will have to submit either Form 60 or Form 61 instead.

Form 60

This declaration form will have to be submitted by an individual who does not hold a PAN number but wishes to enter into transactions mentioned in Rule 114B. Applicants who do not have a General Index Register Number but wish to pay in cash with respect to all transactions mentioned in Clauses (a) to (h) of Rule 114B, will have to submit Form 60.

Form 61

On the other hand, this form will have to be submitted by applicants who have agricultural income but do not receive any other income that is taxable, in case they wish to participate in transactions specified in Clauses (a) to (h) of Rule 114B.

Therefore, based on the applicant's requirements, they will have to decide whether to submit Form 60 or Form 61.

A PAN Card is one document that every Indian citizen must have compulsorily. In case, for some reason this was not possible, then Form 61 can be submitted by those who derive their income from agriculture.

Other PAN Card  Forms

Form49A

Form49AA

Form60