Form 61: Authorisation for deduction of payment to a financial institution in a notified jurisdictional area
Source checked 21 October 2026 · Original author: Finin2min Editorial Desk
Purpose, person and period
Authorisation for deduction of payment to a financial institution in a notified jurisdictional area.
The account holder gives the prescribed irrevocable authorisation for the deduction condition relating to payments to a financial institution in a notified jurisdictional area. Current Form 61 has no connection with the current Form 97/98 PAN-declaration workflow.
Period gate: This numbered form belongs to the Income-tax Rules, 2026, effective 1 April 2026. The predecessor 10FC is a concordance, not permission to change an earlier-year filing into a new-law form. For earlier periods, use the applicable 1961 Act form and saved procedure.
Controlling rule and source pages
Rule 125; Section 176, Section 176(3). Physical PDF pp 485-486; printed Gazette pp 2017-2018.
Rule 125 — connected rule text
125. Furnishing of authorisation and maintenance of documents, etc. for the purposes of section 176. — (1) For the purposes of section 176(3)(a), the authorisation to be submitted by the assessee, shall be in Form No. 61. (2) The assessee shall cause the first co py of the filled up Form No. 61 to be deposited with or transmitted to the financial institution referred in section 176(3)(a). (3) The second copy of the filled up Form No. 61 along with the evidence of the first copy of said form having been deposited or transmitted to the financial institution shall be submitted by the assessee to the Assessing Officer having jurisdiction over him. (4) For the purposes of ensuring that the authorisation in Form No. 61 is legally enforceable, the assessee shall take all necessary steps as are required under any law in force in India or outside India. (5) For the purposes of section 176(3)(b), the assessee who has entered into a transaction with a person located in a notified jurisdictional area (herein referred to as th e specified person) shall, in addition to information and documents referred to in rule 84(1), keep and maintain the following information and documents, namely: — (a) a description of the ownership structure of the specified person, including name and add ress of individuals or other entities, whether located in the notified jurisdictional area or outside, having directly or indirectly more than 10% shareholding or ownership interests; (b) a profile of the multinational group of which the specified person is a part along with the name, address, legal status and country of tax residence of each of the enterprises comprised in the group with whom the assessee has entered into a transaction, and ownership linkage among them; (c) a broad description of the business of the specified person and the industry it operates in; (d) any other information, data or document, which may be relevant for the transaction with the specified person. (6) The information and documents specified in sub -rule (5) shall be for the period upto the due date of filing of return of income under section 263(1) (7) The information and documents specified in sub -rule (5) shall be kept and maintained for a period of eight years from the end of the financial year succeeding the relevant tax year. [PDF PAGE 100] 1632 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
Completed field illustration
Fictional data, not for filing. A hypothetical account holder demonstrates the authorisation wording relating to a financial institution assumed to be in a notified jurisdictional area.
| Form field / block | Completed fictional entry |
|---|---|
| Part A: financial institution / address / PAN / contact | Example Offshore Bank / 10 Model Bank Street, fictional notified-area location / PAN not available / bank@example.invalid, +00 0000000000 |
| Authorising account holder | Priya Arun Sharma / synthetic identity; acting on own behalf |
| Financial institution / account concerned | Example Offshore Bank / MODEL-ACCT-061 |
| Authority authorised to obtain records | CBDT or specified Joint Secretary (FT&TR), acting for CBDT, as prescribed |
| Period of records | Period specified in a lawful written notice; not restricted by this model to a selected statement |
| Records covered | Identity/beneficial-owner documents, account opening records, correspondence, statements and assets |
| Waiver / irrevocability paragraph | Prescribed authorisation includes waiver of secrecy/privacy protections and is irrevocable; this model does not execute any waiver |
| Place / date / signature | Pune / 21 October 2026 / NOT SIGNED |
This illustrates the named fields, not every possible schedule. Use the complete official extract for additional applicable fields, annexures and verification. “Not signed” means no professional certification or authority action has occurred.
Reconcile the example
- This is current Form 61 under Rule 125; it is not the old PAN-declaration statement formerly numbered 61.
A real notified-area status, deduction and execution require the actual statute and facts. The fictitious bank location is not a representation that a named country is currently notified.
Prepare, furnish and retain
- Use the form identity and period above, then determine the person who prepares, issues or verifies it from Rule 125. An authority-issued order is not an applicant filing.
- Collect the records that support the actual fields in the example; keep any mandatory schedules and annexures specified in the complete source form.
- Reconcile dates, amounts, units and identifiers to the underlying records. Preserve the applicable rule version and any later correcting notification.
- Where the rule prescribes electronic furnishing, use the current official utility/schema and authorised verification. A local PDF does not produce a portal acknowledgement.
- Retain the submitted version, supporting schedules and actual acknowledgement or issued certificate/order, as applicable. This fictional model supplies none of those evidential outcomes.
Download the correct documents
Official Form 61 source extract Filled sample — fictional field illustration
The official extract preserves source pages; later amendments are supplied with affected forms. Read the April corrigendum where its printed-page corrections apply. The filled field illustration is an educational model and cannot be filed.
Primary sources
Questions readers ask
Does this sample prove approval, filing or a professional conclusion?
No. It completes the named fields using synthetic facts. It has no real signature, DSC, approval or acknowledgement.
Can I use the legacy form number for a current tax-year obligation?
Establish the governing period first. A predecessor number is a cross-reference; earlier-year procedures and current-year forms must be kept distinct.