TRACES stands for TDS Reconciliation Analysis and Correction Enabling System and has been set up by TDS Centralised Processing Cell of the income-tax department.
TRACES will integrate the following components:
- Tax information Network
- Automated TDS Challan Matching
- TDS Defaults Processing
- IVR/ Call Centre
- Web Portal
New Web Portal: https://www.tdscpc.gov.in
The new portal has been created using latest technology to enhance swift interaction between the deductor, deductee, income-tax department and CPC.
The following features are/will be available to deductors and deductees:
- Dashboard giving summary of Deductors account
- Online registration of TAN
- Online filing of TDS Statements
- Online corrections of TDS statements
- Default Resolution
- View Form 26AS
- Download Form 16/16A/Consolidated TDS File
- Grievance registration and resolution
Not all of the above features have been activated so far.
NSDL web site V/s TRACES website: Current Status
Currently several online services are provided to deductors and deductees on TIN site by NSDL.
The following table presents various services at both the sites:
Registration at TRACES:
Users who have already registered at NSDL TIN site, need not register again on TRACES. Their registration details are migrated and they can login at TRACES with their NSDL-TIN login details. However Tin Login details will work at TRACES only single time and you will be asked to create new id immediaely. Fresh registrations on NSDL site have been stopped
New registrations can be done at TRACES site and online help is available under the FAQ link. Click here