- The PAN of an entity (Central Office, Headquarter etc.), having more than one TAN for its branches, associated with the referenced PAN, can review the ‘Aggregated TDS Compliance’ report on a regular basis for a summary of TDS compliance at organizational level.
- This feature provides a summary of TDS defaults of all respective TAN across all financial years, which assists in effective TDS administration, monitoring, control and compliance at organizational level.
- The feature will be extremely useful for the purpose of complying with the provisions of Section 10(a)(ia) of the Income Tax Act, 1961 by the concerned entity, to ensure that correct information is disclosed in paragraph 21(b) and 34(b) of the Tax Audit Report (Form 3CD /s 44AB the Act)
- To use this feature, the deductor needs to register on the TRACES website with its PAN.
