1. PAN Registration:

Eligibility:

Any individual, firm, company, trust, or other legal entities engaged in financial transactions or earning taxable income in India is eligible for PAN.

Application Process:

The application for PAN can be made online through the NSDL (National Securities Depository Limited) or UTIITSL (UTI Infrastructure Technology and Services Limited) portals, or offline by submitting Form 49A (for individuals) or Form 49B (for entities) to authorized PAN centers.

The application form must be duly filled out with accurate details such as name, address, date of birth/incorporation, etc.

Supporting documents such as proof of identity, address, and date of birth/incorporation must be submitted along with the application.

Once the application is submitted, a unique 10-digit PAN number is allotted by the Income Tax Department.

Fees:

The fee for PAN application varies based on the communication address (within India or outside India) and mode of delivery (physical card or e-PAN).

Delivery of PAN Card:

If the applicant opts for a physical PAN card, it will be delivered to the address mentioned in the application form. Alternatively, e-PAN (electronic PAN) can be downloaded from the NSDL or UTIITSL portal once the PAN is allotted.

2. TAN Registration:

Eligibility:

TAN is required for entities and individuals who are liable to deduct tax at source (TDS) or collect tax at source (TCS) on certain payments as per the Income Tax Act, 1961.

Application Process:

TAN application can be made online through the NSDL-TIN (Tax Information Network) website or offline by submitting Form 49B to authorized TAN facilitation centers. Similar to PAN application, accurate details such as name, address, and other relevant information must be provided in the application form. Proof of identity and address documents must be submitted along with the application. Once the application is processed, a unique 10-digit TAN number is allotted by the Income Tax Department.

Fees: 

The fee for TAN application is nominal and can be paid online or through demand draft.

Delivery of TAN:

After processing the application, the TAN number is communicated to the applicant via email.

No physical TAN card is issued; the TAN certificate mentioning the allotted TAN number is provided.

Compliance:

Both PAN and TAN holders are required to comply with the provisions of the Income Tax Act, including filing tax returns, deducting/collecting TDS/TCS, and maintaining proper records.