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TDS tracing facilitates the connection of all stakeholders engaged in the implementation and administration of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). TDS TRACES helps in viewing and downloading crucial tax documents such as Forms 26AS, 16A, and 16. The TDS TRACES makes it possible to carry out tax-related activities with ease.

TDS Reconciliation Analysis and Correction Enabling System (TRACES) is an Income Tax Department web platform that enables taxpayers to view their TDS payments online to file returns and seek refunds. Taxpayers and deductors can use the TRACES website to view TDS and TCS paid to double-check the details when submitting returns and claiming refunds. TRACES enhance the interaction between the tax deductor, deductee, and income tax department. Tax deductors/collectors, taxpayers, and Pay Account Office use TRACES.

What is TDS?

TDS stands for Tax Deducted at Source. It refers to the amount deducted by a person who is committed to paying another person a specified amount of money, such as a salary, rent, fees, commission, interest, and so on. The deductor remits the TDS so deducted to the Central Government.

What is TCS?

TCS or Tax Collected at Source, is a tax that a seller collects from a customer at the time of sale of goods or products. The vendor deposits the TCS collected into the government account. TCS is levied on goods of a commercial or trading character.

Benefits of TRACES

The goal of TRACES is to allow both TDS payers and deductors to view and reconcile their TDS payments online to file returns and seek refunds. This platform gives the following benefits to taxpayers:

TDS deduction details and payment of taxes (Form 26AS) can be viewed and downloaded.
It can be used to make TDS or TCS Statement changes.
The platform can be used for the verification of the TDS certificate.
Check the status of various tax statements online.
Check challan status.
Online corrections to previously filed TDS returns.
Justification report for TDS defaults details.
Download TDS certificate (Form 16/16A).
Submit refund request.
Download consolidated file for filing correction statement.
OLTAS challan correction.
View and download the AIR for their PAN.

Frequently Asked Questions

How to register for TRACES?

Individual taxpayers who want to view the taxes deducted from their earnings must first register and create an online account. Following these steps one can register for TRACES: • For TRACES registration visit https://contents.tdscpc.gov.in/ • Choose "Register as New User" from the drop-down menu. • Select "Deductor" as the user type. • Click the "Proceed" button. • Enter the deductor's TAN, then enter the "Verification code" and select "Proceed." • Enter the Token number from the Regular (Original) Statement, as well as the CIN/BIN and PAN data for the fiscal year, quarter, and form type. • After the KYC information details are validated, the authentication code is generated. • PAN, personal information, and address should all be updated. • To proceed to Registration, click "Confirm." • The notification "Registration request successfully submitted" will show. • TRACES could be accessed once the account has been activated. You can register for TRACES either online or through Credence Corporate Solutions. We recognize that registering for TRACES may be a challenging task for you, so we have come forward to help you. Please contact our office today and we will be happy to help you out.

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Updating in Traces