From 60
Form 60 – Overview
| Form Type | Government documents |
| Form Name | Form 60 |
| Type | |
| Issue Authority | Central Government |
| Uses | Various purposes mentioned above |
Form 60 Usage
| Nature of Transaction | Value of Transaction |
|---|---|
| Sale or purchase of Motor Vehicle [other than two-wheeled vehicles] | Irrespective of value / Any Value |
| Opening a Bank account | Irrespective of value |
| Getting a new Debit or Credit card | Irrespective of value |
| Opening D- MAT account | Irrespective of value |
| Payment to hotel or restaurant at one time | Cash payments exceeding Rs 50,000 |
| Traveling expenses to a foreign country or buying foreign currency at one time | Cash payments exceeding Rs 50,000 |
| Buying Mutual funds | Amount exceeding Rs 50,000 |
| Acquiring bonds or debentures | Amount exceeding Rs 50,000 |
| Acquiring bonds issued by RBI | Amount exceeding Rs 50,000 |
| Depositing money with (a) Bank (b) Post Office | Cash exceeding Rs 50,000 in one day |
| Purchasing Bank Draft/ pay order/ banker’s cheque | Cash exceeding Rs 50,000 in one day |
| Time deposit (FD) with (a) Bank (b) Post Office (c) NBFC (d) Nidhi company | Exceeding Rs 50,000 at a time or Rs 5,00,000 in a financial year |
| Life Insurance Premium | If the amount exceeds Rs 50,000 in an FY |
| Trading in securities | Amount Exceeding Rs 1,00,000 per transaction |
| Trading in shares of the unlisted company | Amount Exceeding Rs 1,00,000 per transaction |
| Sale or purchase of any immovable property | If the amount of registered value exceeds Rs 10,00,000 |
| Buying and selling of goods and services | Rs 2,00,000 per transaction |