It is a short form used for web-based applications of the Income Tax Department which refers to the TDS Reconciliation, Analysis, and Correction Enabling System, the core motive of this system is to provide an interface to the companies that are connected with TDS-related taxes. With the help of such a system, the company can view challan status, can download the Conso File, Form 16 and 16 A and justification report. Here you get a detailed view of the annual tax credit statement.
Facilities that TRACES provides
- Adding sub-users for a TAN
- Login and registration
- View challan status
- Report justification and Conso File downloading
- Online corrections
- Non-Filing of statement Declaration
- Feedback provisioning
- Forms downloading
- Profile management
- Viewing dashboard
- Refund functions
- Resolution requests
- Deposit Lower TDS declaration
- Downloading Form 16 / 16A / 27D / 16B
- 197 Certificate Validation
