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. Important PointsPAN card helps in the identification of taxpayers and provides information about them such as total taxes paid, pending taxes, refunds issued, etc. The Government of India has also made it mandatory to provide a Permanent Account Number (PAN) for a variety of transactions. This helps them in tracking tax evasions, tax frauds, and illegal transactions. In certain situations, the individuals involved in the transactions specified in Rule 114B, may not have a PAN card and in such situations, they will need to provide a filled and duly signed copy of Form 60 along with other supporting documents.