Form No. 97 & 98 (Old Form No. 60 & 61) | Non-PAN Declarations & Reporting | Income Tax Rules 2026

In this episode of the Samvaad Series on the new Income Tax Forms, Ms. Ritu Singh Sharma, Additional Director General, Directorate of Public Relations, Publications and Publicity, CBDT, New Delhi, interacts with Shri Anurag Sharma, Commissioner of Income Tax (OSD – Investigation), CBDT, Delhi. As part of commitment towards enhancing ease of compliance and streamlining processes, the Income Tax Department has introduced simplified Forms under the Income Tax Rules, 2026, effective from 01.04.2026. This episode focuses on two important Forms: • Form No. 60 – Declaration to be filed by persons not possessing PAN for specified transactions • Form No. 61 – Statement to be filed by reporting entities for reporting such declarations Key highlights covered in this video: • Objective behind simplification of Forms under Income Tax Rules, 2026 • Restriction of non-PAN facility to limited transactions • Transactions where PAN is now mandatory • Filing process, periodicity, and due dates • Integration with KYC/PMLA framework to avoid duplication • Significant reduction (80–85%) in non-PAN declarations • Key benefits for declarants and reporting entities The re-engineered Forms aim to reduce compliance burden, eliminate duplication, improve data quality, and promote a more efficient and transparent tax ecosystem aligned with the vision of Viksit Bharat 2047. #IncomeTax #Form60 #Form61 #CBDT #EASETax #TaxCompliance #Samvaad