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). The Deductor can verify the validity of PAN individually or download a consolidated TAN-PAN file. It is an excel file containing the list of valid PANs for a particular Financial Year, Quarter, and Form Type. This service avoids the mistake of entering invalid PANs while filing a TDS Return i.e. 24Q, 26Q, 27Q, 27EQ, etc.
Steps to verify PAN or Download Consolidated TAN-PAN master from TRACES
- Log in to TRACES
Log in to TRACES – Enter User Id, Password, TAN or PAN and captcha
- Navigate to PAN Verification
Go to Statements / Payments > PAN Verification
- Verify the validity of PAN
Verify the validity of PAN using either of the following options.
- Option 1: Search PAN
You can verify PAN under this option. Enter PAN and select the Form Type – 24Q, 26Q, 27Q, 27EQ. Click on Go. The name of PAN holder and status of PAN will be shown.
- Option 2: Download Consolidated TAN – PAN File
To verify multiple PANs together, you can download a Consolidated TAN-PAN File. Enter Financial Year and select the Form Type – All, 24Q, 26Q, 27Q, 27EQ. Click on Go.
- KYC Validation using DSC
Option 1: KYC Validation using DSC
- KYC validation without using the DSC
Option 2: Complete the KYC validation without using the DSC
- Request to download consolidated TAN-PAN
Once the KYC details are successfully validated, the request to download Consolidated TAN-PAN File is submitted. A unique Request Number is generated.
- Navigtate to requested downloads
Go to Downloads > Requested Downloads
- Request number/date
Enter the Request Number or Request Date or View All. Select the applicable row. 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’
- Download the file
Click on the HTTP Download button to download the file. Consolidated TAN-PAN file is downloaded in excel format
Real Time PAN API for Payment Gateways, NBFCs, Logistics, Banks & E-Commerce Platforms.
PAN Verification API
Real Time PAN API for Payment Gateways, NBFCs, Logistics, Banks & E-Commerce Platforms.
FAQs
Consolidated TAN – PAN file is the master file with details of all the taxpayers related to TAN of the deductor. This file consists of the valid PANs for which the deductor has filed TDS or TCS statements.
Using the PAN Verification service on TRACES, a Deductor can verify whether the PAN provided by the Deductee is valid as per the Income Tax Department database. The Deductor can verify individual PANs or download the Consolidated TAN-PAN File from his account on TRACES. If the PAN is invalid, the Deductor should deduct TDS at a higher rate.
The Deductor should deduct TDS along with surcharge at a higher rate of 20% in the following cases:
1. Deductee has not provided the PAN
2. Deductee has provided an invalid PAN
3. The given PAN belongs to some other assessee
4. Deductee has provided a PAN which is not in the database of the Income Tax Department
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 @Jatin_Sahu
Yes, you can file 26QB correct request with registering a DSC and file te new request.
Here’s a read for your reference on TRACES: Form 26QB Correction DSC/ AO Approval - Learn by Quicko