CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Is your Credit Score >750?
However, in some cases, PAN cards are not available with every citizen and in this case Form 61 can be used by them.
About Form 61
This form is a declaration by an individual that all the income that is earned is under the heading of agricultural income and no other forms of income are earned by the above person. This is with respect to transactions mentioned in clauses (a) to (h) under Rule 114B.
The declaration is as below
The form can be used instead of a PAN card under rule 114B. The following transactions can be made using form 61
For the offline application for form 61, the applicant can avail the form from the bank and fill up the details in the form correctly. The supporting documents are to be enclosed with the application form.
The following instructions should be kept in mind before filling up the Form 61.
Form 61A has two parts:
1. Part B (Reporting of aggregated financial transactions by the person)
2. Part C (Reporting of bank accounts)
3. Part D (Reporting of immovable property transactions)
Form 61 has to be received from 1st April to 30th September; the due date for the declaration is 31st October of the same year. If Form 61 is received from 1st October to 31st March the due date for the declaration is 30th April of the following financial year in which Form 61 is received.
Form 60 is the official document issued by the Income Tax Department for those individuals who don't possess a PAN Card but wish to enter into a financial transaction under rule 114B. Applicants who do not have a General Index Register Number but are willing to transact in cash will have to submit Form 60. Form 61 should be submitted by an individual whose income is only obtained by the agricultural department or from any employment and who does not earn any kind of income taxable. Income holders from the agricultural department who are willing to participate in the financial transaction are mandated to submit Form 61 under rule 114B.
Form 61 has to be furnished to the Joint Director of Income Tax Department or Director of Income Tax Department through online submission of electronic data on the server that is specified for this purpose. From 9th April 2018, the registration process and the filing have been transferred to the portal.
ITDREIN stands for Income Tax Department Reporting Entity Identification Number and is used by the department to identify individuals who file such returns. Once the number is generated, it cannot be deactivated. The ITDREIN consists of 16 characters and is of the following format;
*********** YZNNN wherein,
* stands for the individual’s PAN or TAN number
Y stands for form Code
Z stands for reporting entity category, and
N stands for sequence number of the Code
A PAN card is necessary to keep track of all financial transactions. If one doesn't possess a PAN number, they can declare Form 61 to make lump sum transactions. However, Form 61 can be filled by a candidate who earns only from the agricultural sector and has no other medium to taxable income. Provisioning online and offline submissions, the Income Tax Department has made it easy for individuals to declare Form 61.
1. Can an individual without an Adhar card can submit Form 61?
Yes, it is possible to submit form 61 without an Adhar Card. Other documents such as PAN cards and voting cards can be used for the purpose of identification.
2. What happens if Form 61 has been filled with incorrect information?
If the form has been filled incorrectly, then The Income Tax AUthority has to be informed within 10 days of submission of the form. The government provides 30 days from the day of submission to rectify the details of the form.
3. Who can file form 61?
An individual who does not have a PAN card and has an agricultural income is expected to file form 61
Alteration Of Name In PAN Card After Marriage
Bulk PAN Verification
Documents Required For PAN Card
Download E PAN
Duplicate PAN Card Or Reprint PAN Card
Fees And Charges For PAN Card
Form 60 PAN Card Not Available For Rule 114b Transactions
How Is PAN Verification Done
How To Check PAN Card Delivery Status
How To Check Tds Status Through PAN Card
How To Check Your PAN Aadhaar Linking Status
How To Link Aadhaar Card And PAN Card
How To Link PAN Card To Axis Bank Account
How To Link PAN Card To Canara Bank Account
How To Link Pan Card To HDFC Bank Account
How To Link Pan Card To ICICI Bank Account
How To Link PAN Card To Kotak Mahindra Bank Account
How To Link PAN Card To Paypal Account
How To Link Pan Card To PNB Account
How To Link Pan Card With SBI Account
How To Link Pan Card With UCO Bank Account
How To Link PAN With Epf Account
How To Link PAN With Your Bank Account
How To Track PAN Card Status
Instant PAN Using Aadhaar
Know Your PAN
Know Your Tan
Lost PAN Reapply
PAN Card Application
PAN Card Customer Care Number
PAN Card Details
PAN Card Eligibility
PAN Form 49a
PAN Form 49aa
PAN Number For Income Tax
Permanent Account Number PAN Form
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application