Features of TRACES
FAQs on TRACES Registration
TRACES offers a range of features to help users manage their TDS/TCS obligations effectively.
View and Download Form 26AS
Form 26AS is a consolidated tax statement that provides details of tax deducted, collected, and paid.
Access detailed TDS/TCS credit information.
Verify tax payments and refunds.
Ensure accuracy of tax data for filing ITR.
Request TDS/TCS Statement Correction
Correct errors in TDS/TCS statements to ensure compliance.
Submit correction requests online.
Track status of correction requests.
Receive notifications on corrections.
Challan Status Inquiry
Check the status of challans used for TDS/TCS payments.
Verify challan details with BSR code.
Ensure correct application of payments.
Resolve discrepancies in challan data.
Download Justification Report
Access reports that justify TDS demands raised by the department.
Understand reasons for TDS demands.
Take corrective actions based on report insights.
Improve future compliance with detailed analysis.
Generate Form 16 and 16A
Generate TDS certificates for employees and vendors.
Automate the generation of Form 16 for employees.
Generate Form 16A for non-salary payments.
Ensure timely issuance of TDS certificates.
What is TRACES?
TRACES (TDS Reconciliation Analysis and Correction Enabling System) is an online portal by the Income Tax Department for managing TDS/TCS.
How do I register on TRACES?
To register, visit the TRACES portal, select 'Register as New User', choose 'Deductor', and follow the steps to complete registration using your TAN and other details.
What documents are required for TRACES registration?
You need your TAN, PAN, and details of the last TDS statement filed, including the token number and challan details.
Can I correct TDS statements on TRACES?
Yes, TRACES allows you to submit correction requests for TDS/TCS statements online, ensuring accurate tax records.
How can I download Form 16 from TRACES?
Log in to TRACES, navigate to the 'Downloads' section, and select 'Form 16'. Follow the prompts to download the form.
What is the deadline for filing TDS returns?
TDS returns must be filed quarterly. For FY 2025-26, the deadlines are 31st July, 31st October, 31st January, and 31st May.
Is there a fee for using TRACES?
No, accessing TRACES and its basic features is free of charge for registered users.
How do I reset my TRACES password?
Visit the TRACES login page, click on 'Forgot Password', and follow the instructions to reset your password using your registered email or mobile number.
What should I do if I encounter an error on TRACES?
If you encounter an error, check the FAQs on the TRACES portal or contact the TRACES helpdesk for assistance.
Can I access TRACES on mobile devices?
Yes, the TRACES portal is mobile-friendly, allowing you to access its features from smartphones and tablets.