Form 60 for JK Bank - Brief Information and Procedure for Use
Form 60 Overview:
Form 60 is a statutory document issued by the Income Tax Department of India. It is primarily used for individuals who do not have a Permanent Account Number (PAN) and are involved in financial transactions where PAN is usually required. JK Bank, like other banks in India, may require customers to submit Form 60 when conducting certain transactions or opening accounts if they do not possess a PAN card.
**Procedure for Use:**
Here's a brief procedure for using Form 60 with JK Bank:
**Step 1: Obtain Form 60:**
- You can obtain Form 60 from your nearest JK Bank branch or download it from the official JK Bank website if it is available for download.
**Step 2: Fill Out the Form:**
- Complete the Form 60 with accurate and legible information. You will need to provide details such as your name, address, date of birth, occupation, reason for not having a PAN, and other required information.
**Step 3: Supporting Documents:**
- In some cases, JK Bank may request supporting documents along with Form 60. These documents may include identity proof, address proof, and other documents that help establish your identity and the legitimacy of your financial transactions.
**Step 4: Submission:**
- Submit the filled-out Form 60 along with any requested documents to your nearest JK Bank branch. Ensure that the information provided is accurate and matches the details you have provided to the bank.
**Step 5: Verification:**
- The bank will verify the information provided in Form 60 and the accompanying documents. This may take some time, depending on the complexity of the verification process.
**Step 6: Transaction or Account Opening:**
- Once the bank completes the verification process and is satisfied with the information provided, you will be able to proceed with the intended transaction or account opening.
**Step 7: Compliance with Tax Laws:**
- It's important to note that while Form 60 allows individuals without PAN cards to conduct financial transactions, it does not absolve individuals from their tax obligations. Ensure that you comply with all relevant tax laws and regulations.
🔊 Note
- Keep a copy of the filled-out Form 60 for your records, as it may be required for future reference or audits.
Please be aware that the specific requirements and procedures may vary depending on JK Bank's policies and the nature of the financial transaction. Always consult with JK Bank and follow their instructions to ensure compliance with their processes and any relevant tax regulations.
FORM 60 FOR J&K BANK CLICK HERE TO DOWNLOAD PDF FILE
2nd form pdf click here to download
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