TDS FAQ's

FAQ's

1What is TRACES?

TDS Reconciliation Analysis and Correction Enabling System helps the deductors and the deductees by efficient and effective administration of the taxation system. It aims at improving the end-user satisfaction by providing timely and appropriate web services.

2How should a deductor register and login on TRACES?
4Information about all types of Forms
6TCS Rates from FY 2012-13 to 2017-18
9Due dates for filing TDS/TCS for all forms
Form 24Q, Form 26Q, Form 27Q, Form 27EQ
Quarter Period TDS for Government/Non-Government Deductors TCS
Q1 1 Apr - 30 June 31st July 15th July
Q2 1 July - 30 Sept 31st Oct 15th Oct
Q3 1 Oct - 31 Dec 31st Jan 15th Jan
Q4 1 Jan - 31 Mar 15th May 15th May
10Penalty for delay or non-filing of TDS

Delay in filing TDS:

As per section 234E w.e.f. July 1, 2012, if a person fails to submit TDS return on the due date, then a penalty of Rs. 200/- per day is charged till the default continues. However, the amount should not exceed the total tax amount.

Non-filing of TDS/Furnishing incorrect info:

Penalty is also levied in case of non-filing or if some incorrect information has been furnished. The amount should not be less than Rs. 10,000/- and not more than Rs. 1,00,000/- u/s 271H of the IT Act, 1961.

11Forgot your password?
  • Password for Form 16/16A, transaction based report and Form 27D zip files is TAN of deductor.
  • Password for conso file is ‘TAN_’ (eg. ABCD12345E_67890). Request number should be of one of the requests submitted.
  • Password to unzip Justification Report is ‘JR__
    __’, eg. JR_AAAAA1235A_24Q_Q3_2010-11.
12Vital information for Deductors
TRACES WebSocket ESigner UtilityV2.0 is required for digital signatures through Chrome and Firefox browser.
13How to convert Justification Report into excel file?
  • Download the zip file from ‘Requested Downloads’ screen and save it in your system.
  • Unzip the file using Winzip. Password to unzip is ‘JR____’, eg. JR_AAAAA1235A_24Q_Q3_2010-11. This will save the justification report as an excel file.
  • Download the macro utility for Justification Report from the screen.
  • Double-click on utility, excel sheet will open.
  • Click on enable content in the warning message to enable macros.
  • Select the Justification Report text file and the folder to save the output excel file and click on the button ‘Generate TDS CPC Justification Report’.
  • The text file will be converted into excel spreadsheet and saved in the selected folder.
  • Open the Justification Report excel file from the concerned folder.
15How to convert offline correction file into excel file?
  • Download the file from ‘Requested Downloads’ screen and save it in your system.
  • Download the macro utility for Offline correction from the screen.
  • Double-click on utility, excel sheet will open.
  • Click on enable content in the warning message to enable macros.
  • Select the Offline correction text file and the folder to save the output excel file and click on the button ‘Generate’.
  • Browse the location where unzip installed location in case winzip is not located in default location.
  • The text file will be converted into excel spreadsheet and saved in the selected folder.
  • Open the Offline correction excel file from the concerned folder.
16As per Fourth Character, identify the right status by collecting the PAN for Assessee
S.NO FOURTH CHARACTER of PAN STATUS OF ASSESSEE
1   P INDIVIDUALS
2 H HINDU UNDIVIDED FAMILY
3 F FIRMS
4 C COMPANY
5 T TRUSTS
6 A ASSOCIATION OF PERSONS
7 B BODY OF INDIVIDUALS
8 L LOCAL AUTHORITY
9 J ARTIFICIAL JUDICIAL PERSON
10 G GOVERNMENT
   

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