What this covers
Form 60 is the familiar no-PAN declaration for specified transactions. If Form 97 is notified or shown in the 2026 form set, collectors should verify the live rule and reporting statement before changing workflows.
Situations this page is built for
- Bank or institution collecting no-PAN declarations.
- Property transaction without PAN.
- Vehicle or high-value purchase.
- CA advising cash or no-PAN transaction.
Documents and details to keep ready
- Identity proof.
- Address proof.
- Transaction details.
- PAN application status.
- Collector reporting records.
Process
Confirm applicability
Identify the exact tax year, financial year, state, portal, form, registration status, threshold, notice section or transaction type.
Reconcile records
Match portal data with books, invoices, challans, certificates, bank entries, payroll, AIS/Form 26AS, GSTR-2B or other source records.
Prepare the filing or response
Draft the return, declaration, registration, correction, computation, notice response or project scope with supporting evidence.
Track acknowledgement
Download acknowledgements, orders, certificates, challans, UDIN, ARN/SRN and follow-up communications for future audit trail.
Common mistakes
- Using no-PAN declaration as a substitute for obtaining PAN.
- Ignoring higher TDS rules.
- No half-yearly statement where required.
- Poor storage of declarations.
Form 97 Replacing Form 60: year and source check
Last fact-checked: 25 May 2026.
AY 2026-27 means FY 2025-26 income under the Income-tax Act, 1961. Tax Year 2026-27 means FY 2026-27 income under the Income Tax Act, 2025. Do not mix the two labels.
For new form-number claims, confirm whether the page relates to AY 2026-27 under the 1961 Act or Tax Year 2026-27 under the 2025 Act.
Use official portal pages, CBDT notifications, the supplied Act PDF and ICAI material before making a filing, payroll, TDS/TCS or rebate decision.
FAQs
Which year should I use for Form 97 Replacing Form 60?
Use AY 2026-27 for FY 2025-26 income under the Income-tax Act, 1961. Use Tax Year 2026-27 for FY 2026-27 income under the Income Tax Act, 2025.
What documents should I share with a tax expert?
Share the portal screenshot, exact year, income breakup, certificates, AIS/Form 26AS, notices, challans and any computation already prepared.
Can WorkIndex help me find a specialist?
Yes. Post a requirement with the legal year, records and deadline so experts can quote on the real issue instead of a generic page title.
Form 97 Replacing Form 60: year and source check
Last fact-checked: 25 May 2026.
AY 2026-27 means FY 2025-26 income under the Income-tax Act, 1961. Tax Year 2026-27 means FY 2026-27 income under the Income Tax Act, 2025. Do not mix the two labels.
For new form-number claims, confirm whether the page relates to AY 2026-27 under the 1961 Act or Tax Year 2026-27 under the 2025 Act.
Use official portal pages, CBDT notifications, the supplied Act PDF and ICAI material before making a filing, payroll, TDS/TCS or rebate decision.
What to verify for Form 97 Replacing Form 60
- Correct financial year, assessment year or tax year.
- Taxpayer type, age category, residential status and business/profession status.
- Exact income heads, including salary, house property, business/profession, capital gains, VDA and other sources.
- AIS/TIS, Form 26AS, TDS/TCS certificates, challans and portal pre-fill.
- Deductions/exemptions allowed in the selected regime and current ITR utility validation rules.
- Whether the issue is a calculation, filing, notice response, rectification, appeal or advisory position.
Form 97 Replacing Form 60: year and source check
Last fact-checked: 25 May 2026.
AY 2026-27 means FY 2025-26 income under the Income-tax Act, 1961. Tax Year 2026-27 means FY 2026-27 income under the Income Tax Act, 2025. Do not mix the two labels.
For new form-number claims, confirm whether the page relates to AY 2026-27 under the 1961 Act or Tax Year 2026-27 under the 2025 Act.
Use official portal pages, CBDT notifications, the supplied Act PDF and ICAI material before making a filing, payroll, TDS/TCS or rebate decision.
What to verify for Form 97 Replacing Form 60
- Correct financial year, assessment year or tax year.
- Taxpayer type, age category, residential status and business/profession status.
- Exact income heads, including salary, house property, business/profession, capital gains, VDA and other sources.
- AIS/TIS, Form 26AS, TDS/TCS certificates, challans and portal pre-fill.
- Deductions/exemptions allowed in the selected regime and current ITR utility validation rules.
- Whether the issue is a calculation, filing, notice response, rectification, appeal or advisory position.