TRACES means TDS Reconciliation Analysis and Correction Enabling System. It is the online portal for administration and implementation of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source). Once the Deductor files the TDS Return, it is processed by TDS-CPC. If any sum is payable, the TDS department issues a TDS Notice or Demand Notice to the Deductor. The Deductor can view the total outstanding demand in the TRACES account.
- To know the reasons for the issue of Demand Notice – Download Justification Report
- Pay outstanding demand through Challan No. ITNS 281 – How to pay TDS / TCS Challan online?
- To make corrections and changes in the data of TDS Return – Download a Conso File
- File a ‘Correction Statement’ to rectify the errors in TDS / TCS Return
Steps to check Outstanding Demand on TRACES
- Log in to TRACES
Log in to TRACES – Enter User Id, Password, TAN or PAN and captcha
- Outstanding demand
Under ‘Dashboard’, there is a tab of Outstanding Demand. The amount represents outstanding demand across all the financial years. Click on the Amount
- Demand table
The demand table will appear on the screen with details of Financial Year, Manual Demand and Processed Demand
1. Click on ‘Prior Years’ hyperlink to view previous years demand
2. Manual Demand – Click on the amount to close the demand with the option of Tag Challan and navigate to ‘Tag/ Replace Challan’
3. Processed Demand – Click on the Financial Year against Processed Demand to view demand details and navigate to ‘Default Summary’
- Challan details
Under the tab, ‘Defaults’, you can go to ‘Tag / Replace Challan‘. Select the row and click on ‘View’ to view the challan details. Click on ‘Tag Challan’ to tag a new challan. Use ‘Replace Challan’ to edit the already tagged challans.
- Default summary
Under the tab ‘Defaults’, you can view the ‘Default Summary’ to view the details of default. Select the Financial Year and Quarter. Click on ‘Go’. Click on the hyperlink under the Quarter column to view the detailed default summary. You can click on ‘Request for Correction’ to submit a correction request
FAQs
Deductor can check the total Outstanding Demand from the account on TRACES. To pay the outstanding demand, go to TIN-NSDL website to pay Challan No. ITNS 281. Refer to the stepwise process to pay the challan online.
1. Go to https://incometaxindiaefiling.gov.in/ and login to the portal
2. Go to My Account tab and click on view Form 26AS (Tax Credit)
3. Select the year and PDF format to download the file and proceed further.
4. Open the downloaded file.
5. The password to open this file is your date of birth mentioned on you PAN, e.g. if your birth date is 1st January 1990 then your password will be 01011990
6. After opening Form 26AS you will get information regarding total income on which TDS is deducted and TDS credited to your account
7. If you have an internet banking facility and your PAN is linked to it, then you can use your bank’s net banking portal to check your TDS online.
Hey @HarishMehta
Taxpayers or deductee cannot directly download form 16/form16A, the option to download Form 16/ 16A has been given to the Deductor. So, if you need Form 16 / 16A for TDS deducted by your current or previous employer or deductor you will have to contact them for the same. There is no option available on TRACES whereby you can download it yourself.
Hope this helps!
Hey @Dia_malhotra
Yes, individuals can still register as a taxpayer on TRACES even if they do not have TAN of the deductor by providing:
• Assessment Year
• Challan Serial Number and
• Amount of tax you have paid
Hope this helps!
In my Justification Report it shows an interest payable error whereas I’ve already paid the interest for that particular month According to the regulations what could be the reason for this?
Hi @saad,
According to regulations, interest payment default/errors may arise due to error in challan details , short deduction, short payment, late deposit of TDS amount. Here, you can file correction statement and revise the return.
Hope this helps!
@AkashJhaveri @Saad_C @Kaushal_Soni @Divya_Singhvi @Laxmi_Navlani can you help with this?
Hey @raopreetham, the first thing I would recommend you to do is to run the Emsigner as an administrator. Also, if it still does not seem to work, install the below mentioned JAVA fixer software and run it as an administrator and hopefully this would resolve your issue.
https://johann.loefflmann.net/downloads/jarfix.exe
The USB e-pass 2003 token device is particular type of a DSC.
hello, i want to cancel the TDS on sale of property (26QB) which i created in hurry. i have made login and tried the TRACES refund option. But the total amount of TDS is “Consumed” and Max refund amount is zero.
What is my option now? TDS was paid on 16th Oct ( 6 days back). Hoping for a solution on this.
Hi @nisshant
26QB is the challan cum return statement. As soon as you file the form, TDS amount paid by you gets utilized. There are few corrections that are allowed in form 26QB. You can refer to the article below. You cannot get the refund of the taxes paid through an online method. You can contact concerned Assessing Officer (AO) of the Income Tax Department (ITD).
You can also contact Aaykar Sampark Kendra (ASK) on Toll Free No. 1800-180-1961 to ask for help.
Hope this helps!
Hi,
I had raised a form26-QB correction request, but since the correction request also had some errors, I requested the AO officer to cancel the correction request.
Now as the old request has been closed, I would like to file a new correction request. Can I register DSC and file this new request for auto approval?