TRACES : Download Form 26QC Justification Report

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Sakshi Shah

Form 26QC
TDS
TRACES
TRACES Login

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). When a tenant pays rent exceeding Rs. 50,000 per month to the landlord, he/she deducts TDS u/s 194IB. The tenant files Form 26QC and issues Form 16C to the landlord. The TDS Return i.e. Form 26QC is processed by CPC-TDS. If the Statement Status of Form 26QC is ‘Processed with Default’, the buyer can submit a request to download ‘Form 26QC – Justification Report’ from their registered account on TRACES. The ‘Form 26QC – Justification Report’ is available AY 2018-19 onwards and consists of the detailed information of defaults or errors while processing the TDS Return filed. Once the taxpayer views the errors, he/she should file a correction TDS return to rectify the same.

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Steps to Download Form 26QB Justification Report from TRACES

  1. Log in to TRACES

    Log in to TRACES – Enter User Id, Password, PAN and captchaTRACES - Login Page for Taxpayers

  2. Navigate to Justification report download

    Go to Statements / Forms > Request for Justification Report DownloadTRACES - Form 26QB / 26QC Justification Report - Navigate

  3. Form 26QC

    Select Form Type – 26QC to submit the request for Justification ReportTRACES - Form 26QC Justification Report - Select Form Type

  4. Enter the required details

    Select the ‘Financial Year’ from the drop-down list. Enter ‘Acknowledgement Number‘ and ‘PAN of Landlord‘. Click on ‘ProceedTRACES - Form 26QC Justification Report - Enter Financial Year, Acknowledgement Number and PAN of Landlord

  5. Enter the Challan details

    Enter Challan details as per Form 26QC statement filed for Acknowledgement Number, PAN of Tenant, and PAN of Landlord. Click on ‘Proceed’
    1. BSR Code i.e. Bank Branch Code
    2. Date of Deposit – date on which tax is deposited. Enter in dd-mm-yyyy format eg: 10-Jan-2019
    3. Challan Serial Number – 5 digit number eg: 00025
    4. Challan Deposit Amount – enter the amount with decimal places eg: 1569.00TRACES - Form 26QC Justification Report - Enter Challan Details

  6. Success message

    Success page will appear on the screen. A Request Number is generated. You can download the file from tab ‘Downloads’TRACES - Form 26QB / 26QC Justification Report - Request Number

  7. Navigate to requested downloads

    Go to Downloads > Requested Downloads

  8. Enter the request number/date

    Enter the Request Number or Request Date or View All. Click on ‘View Request’. A list of requests pertaining to the search criteria will appear. Select the relevant row and if the status is ‘Available‘, click on the download button.
    Note: If the status is ‘Submitted’, please wait for 24 to 48 hours for the status to change to ‘Available’TRACES - Form 26QC Justification Report - Search using Request Number

  9. Download the file

    Click on the HTTP Download button to download the file. A zip file is downloaded. Password to open ‘Form 26QC – Justification Report’ Zip file is ‘PAN of Tenant‘of the property in capital letters. E.g. AABPA1212ATRACES - Form 26QC Justification Report - Download zip file and Enter Password

FAQs

What are the different ‘Request Status‘ to download the ‘Form 26QC – Justification Report’ on TRACES?

1. Submitted – The taxpayer has submitted a request
2. Available – The system has processed the request. The taxpayer can download the Justification Report
3. Failed – The request has not been processed due to a technical issue. The taxpayer should submit the request once again or contact CPC(TDS)

What is the password to open ‘Form 26QC – Justification Report’ downloaded from TRACES?

The taxpayer can download the ‘Form 26QC – Justification Report’ in a zip file. The Password to open ‘Form 26QC – Justification Report’ zip file is ‘PAN of Tenant’ of the property in capital letters. E.g. AABPA1212A

What is Form 26QC?

Under section 194IB of the income tax act, if any individual or HUF to whom tax audit is not applicable makes payment of rent to a resident landlord exceeding INR 50,000 per month, then he/she needs to deduct TDS from rent and needs to file Form 26QC. TAN is not compulsory for filing Form 26QC. PAN of the tenant and PAN of the landlord is compulsory. 

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