Form 60 is an important document that is submitted when an individual does not have a permanent account number and enters into certain transactions specified in Rule 114B of the Income-tax Rules, 1962.
Before entering any trasaction specified in Rule 114B of Income Tax Rules, 1962.
PAN is Permanent Account Number.
TAN is Tax Deduction and Collection Account Number.
ITR is nothing but Income Tax Return.
This form is issued by the employer to the employee, it contains the details of tax deducted form salary income.
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