In the realm of banking and financial transactions in India, the Form 60 plays a crucial role for individuals who do not possess a Permanent Account Number (PAN). This form serves as a declaration for those engaging in transactions that are outlined under rule 114B, allowing them to proceed without a PAN. The Form 60 requires detailed information from the declarant, including their full name, address, and specifics about the transaction such as its nature and amount. Moreover, it inquires about the declarant's tax status and, if they are assessed to tax, the form asks for information regarding the Ward/Circle/Range where their last income tax return was filed. Reasons for not having a PAN are also sought. The form mandates the submission of documents supporting the address provided by the declarant. A significant aspect of this declaration is the acknowledgment of the conditions under which Tax Deduction at Source (TDS) certificates in Form 16 A will be generated for the customer, explicitly linking the generation of these certificates to the updating of the PAN with Citibank N.A. and outlining the implications of not doing so. By completing Form 60, individuals affirm their understanding and acceptance of these conditions, acknowledging the bank's limitations in providing certain services or documents until a PAN is updated. The most recent modification of the form was recorded on January 11, 2016, signaling ongoing adjustments to ensure its relevance and utility in the financial ecosystem.
| Question | Answer |
|---|---|
| Form Name | Form 60 Citibank |
| Form Length | 3 pages |
| Fillable? | Yes |
| Fillable fields | 50 |
| Avg. time to fill out | 10 min 49 sec |
| Other names | citibankform60, form 60, citibank nri form 60 fillable form, citibank form60 |
FORM 60
Form of declaration to be filed by a person who does not have a permanent account
number and who enters into any transaction specified in rule 114B
1.Full name and Address of the declarant _____________________________________________
________________________________________________________________________________
________________________________________________________________________________
2.Particulars of the Transaction ______________________________________________________
3.Amount of the Transaction ________________________________________________________
4.Are you assessed to tax? Yes No
5.If yes,
i.Details of Ward/Circle/Range where the last return of the income was filed.
_____________________________________________________________________________
ii.Reasons for not having Permanent Account Number
_____________________________________________________________________________
6.Details of the document being produced in support of address in column (1)
________________________________________________________________________________
Verification
I, _________________________________do hereby declare that what is stated above is true to
the best of my knowledge and belief.
Date ________________________ Place _________________________
Signature of the declarant ____________________________________
DECLARATION
I am aware that as per the CBDT circular no. 03/2011, TDS certificates in Form 16 A will be generated only from the Tax Information Network (TIN) website for customers who have updated their Permanent Account Number (PAN) with the Bank. I understand, agree and accept that until I update my Permanent Account Number (PAN) with Citibank N.A; my TDS certificates shall not be generated from the TIN website. I further agree and confirm that I shall not hold the bank liable/responsible in any manner including issuance of any TDS certificate or for rectification thereof during this period.
Customer name : ______________________
Signature of the declarant : ______________________
FORM
MODIFIED DATE: