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Form 61 Filing

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Form 61 Filing

If you’ve accepted high-value cash transactions where the customer does not have a PAN, you are legally required to collect and report Form 60 declarations, and then file Form 61 with the Income Tax Department. At Compliance Baba, we help you stay fully compliant by preparing and filing Form 61 correctly and on time — avoiding penalties and scrutiny from the Income Tax authorities.

Original price was: ₹10,000.00.Current price is: ₹7,500.00.
✅ What is Form 61?

Form 61 is a mandatory e-filing report under Rule 114D of the Income Tax Rules, used to declare instances where Form 60 was collected in place of a PAN.

This applies to businesses or individuals accepting specified financial transactions (like high-value deposits, property sales, or cash payments) from people who do not have a PAN.

It must be filed with the Income Tax Department twice a year.

📋 What’s Included in Our Form 61 Filing Service

  • 📄 Validation of collected Form 60 declarations

  • 🗂️ Preparation of required XML data file for upload

  • 🔒 Error check against Income Tax utility rules

  • 💻 Filing of Form 61 on e-Filing Portal (using PAN login)

  • 📥 Acknowledgement receipt & filing summary shared

  • 📞 Reminder service for next due date

🏢 Who Needs to File Form 61?

Any person (individual or entity) who receives Form 60 instead of PAN for certain financial transactions like:

  • Cash deposits exceeding ₹50,000

  • Sale or purchase of goods or services over ₹2 lakh

  • Sale or purchase of immovable property

  • Opening a bank or Demat account

  • Fixed deposits above threshold limits

  • Vehicle sales or insurance payments

📄 Documents Required

  • Copy of each Form 60 collected

  • Transaction details (amount, date, type of transaction)

  • Customer identity details (as per Form 60)

  • PAN login credentials for the Income Tax portal

  • TAN (if available — optional)

📆 Filing Due Dates

Form 61 must be filed bi-annually:

Reporting Period Filing Deadline
April 1 – September 30 October 31
October 1 – March 31 April 30

Late filing can result in penalties under Section 272B.

💡 Why File with Compliance Baba?

  • ✅ 100% accurate XML preparation and validation

  • ⚖️ Expert knowledge of Rule 114D and PAN exemption rules

  • 📲 On-time filing with alerts for future periods

  • 🔐 PAN login handled securely

  • 💰 Affordable pricing with no hidden charges

  • 🧑‍💼 Ideal for real estate agents, car dealers, gold merchants, banks, NBFCs

📞 Avoid Penalties — File Form 61 the Right Way

If you’ve accepted cash or high-value transactions without a PAN, let Compliance Baba file your Form 61 quickly and correctly — keeping your business compliant and penalty-free.

📩 Book your free consultation or call us

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