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What is Form 60 Vahan and How to Download it Easily


Form 60 Vahan Download: Everything You Need to Know




If you are planning to buy a new vehicle or sell your old one, you might have heard about Form 60. Form 60 is a declaration that you have to submit if you do not have a Permanent Account Number (PAN) and you are entering into certain transactions that require PAN. In this article, we will explain what is Form 60, who needs to fill it, what are the transactions that require it, how to download it from Vahan portal, how to fill it online, what are the benefits of filling it online, and what are the documents required for filling it online.


What is Form 60?




Form 60 is a declaration that must be submitted by individuals or persons (not being companies or firms) who do not have a PAN and who enter into certain transactions specified in Rule 114B of the Income Tax Rules, 1962. The purpose of Form 60 is to collect information about the identity and address of the person who is entering into such transactions without PAN. Form 60 also requires the person to state the reason for not having PAN and the estimated total income for the financial year in which the transaction is held.




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Who needs to fill Form 60?




Form 60 is required to be filled by any person who does not have a PAN and who enters into any of the transactions specified in Rule 114B of the Income Tax Rules, 1962. Some of these transactions are:


  • Opening a bank account



  • Applying for a debit or credit card



  • Purchasing or selling a motor vehicle



  • Depositing cash exceeding Rs.50,000 in a bank



  • Paying hotel bills exceeding Rs.50,000



  • Purchasing or selling immovable property exceeding Rs.10 lakh



  • Paying life insurance premium exceeding Rs.50,000



  • Purchasing or selling shares, debentures, bonds, mutual funds exceeding Rs.1 lakh



  • Purchasing or selling goods or services exceeding Rs.2 lakh per transaction



What are the transactions that require Form 60?




The following table shows the list of transactions that require Form 60 as per Rule 114B of the Income Tax Rules, 1962:



S.No.TransactionValue of transaction


1Opening an account (other than a time-deposit) with a banking company or a co-operative bankAll cases


2Opening a demat account with a depository, participant, custodian of securities or any other person registered under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act,1992All cases


3Purchasing or selling of motor vehicles other than two wheeled vehiclesAll cases


4Applying for installation of a telephone connection (including a cellular telephone connection)All cases


5Payment in cash for purchase of bank drafts or pay orders or banker's cheques for an amount aggregating Rs.50,000 or more during any one day.All cases


Payment in cash for purchase of prepaid payment instruments for an amount aggregating Rs.50,000 or more during any one day.All cases


7Payment in cash or by way of a bank draft or pay order or banker's cheque for an amount aggregating Rs.50,000 or more in a financial year for one or more pre-paid payment instruments, as defined in the policy guidelines for issuance and operation of pre-paid payment instruments issued by Reserve Bank of India under section 18 of the Payment and Settlement Systems Act, 2007All cases


8A time deposit with a banking company or a co-operative bank or a Post OfficeRs.50,000 or more, or aggregating to more than Rs.5 lakh during a financial year


9A deposit with Post Office Savings BankExceeding Rs.50,000 during any one day


10A contract for sale or purchase of securities (other than shares) as defined in section 2(h) of the Securities Contracts (Regulation) Act, 1956Valued at Rs.1 lakh or more per transaction


11Opening an account (other than a time-deposit referred to at Sl.No.8 above or a Jandhan / Basic Bank Deposit Account) with a banking company or a co-operative bank to which the Banking Regulation Act, 1949 applies (including any bank or banking institution referred to in section 51 of that Act)All cases


12Making an application for issue of a credit or debit cardAll cases


13Payment of an amount aggregating Rs.50,000 or more in a financial year as life insurance premium to an insurer as defined in clause (9) of section 2 of the Insurance Act, 1938All cases


14A purchase or sale by any person of immovable property valued at Rs.10 lakh or moreAll cases


15A purchase or sale by any person of goods or services of any nature other than those specified at Sl.Nos.1 to 14 above, if any.Rs.2 lakh per transaction.


How to download Form 60 from Vahan portal?




Vahan portal is the official website of the Ministry of Road Transport and Highways that provides various online services related to vehicles and drivers. One of the services offered by Vahan portal is the facility to download Form 60 online for purchasing or selling a motor vehicle without PAN.


Steps to download Form 60 from Vahan portal:




The following are the steps to download Form 60 from Vahan portal:


Visit the Vahan portal at


  • Select the state and RTO where you want to register your vehicle.



  • Select the type of transaction (purchase or sale) and enter the vehicle registration number.



  • Enter your name, address, date of birth, gender, Aadhaar number, mobile number and email id.



  • Select the reason for not having PAN and enter your estimated total income for the financial year.



  • Enter the details of the transaction such as date, amount, mode of payment, name and address of the seller/buyer.



  • Verify the details and click on "Generate Form 60".



  • A PDF file of Form 60 will be generated and downloaded on your device.



  • Print and sign the Form 60 and submit it along with other documents to the RTO office.



How to fill Form 60 online?




and a confirmation email after submitting Form 60 online. You can also track the status of your Form 60 online by entering your acknowledgement number on the Vahan portal.


What are the benefits of filling Form 60 online?




Filling Form 60 online has several benefits over filling it offline. Some of these benefits are:


Faster and easier process




Filling Form 60 online is faster and easier than filling it offline. You do not have to visit any RTO office or bank branch to get the form or submit it. You can fill it online from anywhere and at any time using your computer or mobile device. You can also save your time and money by avoiding the hassle of printing and signing the form.


No need to visit RTO office




Filling Form 60 online eliminates the need to visit RTO office for registering your vehicle or transferring its ownership. You can submit Form 60 online along with other documents such as Aadhaar card, driving license, vehicle registration certificate, insurance certificate, etc. and get your vehicle registered or transferred without any physical visit to the RTO office.


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Avoid penalty for not having PAN card




Filling Form 60 online helps you avoid the penalty for not having PAN card while entering into certain transactions that require PAN. The penalty for not having PAN card is Rs.10,000 as per section 272B of the Income Tax Act, 1961. By filling Form 60 online, you can declare that you do not have PAN card and state the reason for not having it. This way, you can avoid the penalty and comply with the income tax rules.


What are the documents required for filling Form 60 online?




The following are the documents required for filling Form 60 online:


Aadhaar card




Aadhaar card is a mandatory document for filling Form 60 online. You have to enter your Aadhaar number and verify it using an OTP sent to your registered mobile number. Aadhaar card serves as a proof of identity and address for filling Form 60 online


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An Information Technology Executive by profession, Sanjay Mi...
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