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As you are aware that a policyholder is required to submit Form No. 60 in absence of PAN for depositing premium exceeding Rs.50,000/-. In this respect, this is to inform you that Form No. 60 has been replaced by Form No. 97 (copy enclosed) by Income Tax Act’2025 which is applicable w.e.f. 01.04.2026.
You are hereby advised to instruct all the offices under your jurisdiction to accept only Form 97 instead of Form No. 60.
