Deductor
The Income Tax Act, 1961 contains the provisions for Tax Deduction at Source. A Deductor is a person responsible for tax deduction at source on specified types of payments made by it. The tax so deducted has to be deposited in the government account. Deductor also has to report the tax deducted in a statement within the prescribed time.
It is mandatory to file an electronic TDS statement for the following categories of Deductors:
- Offices of the Government
- Companies
- Persons required to get their accounts audited u/s 44AB of the Income Tax Act, 1961
- Deductors reporting more than 20 deductee records for any quarter in the financial year
TRACES is an integrated platform for providing various services to deductors.
TRACES enables deductors / collectors to view status of challans and TDS-TCS credit for a PAN. They can also download Conso File, Form 16 / 16A and Justification Report after logging in to their account on TRACES.
View more to download Challan Status Inquiry (.csi) file.
View more to download Conso File Error Code List for FVU.
View more to know your TAN details.
View more to view BIN details.
Functionalities for Deductors through TRACES
- Registration and Login
- Add sub-users for a TAN
- View Challan Status / Statement Status / Default Summary
- Download Conso File / Justification Report
- PAN Verification / Download Consolidated TAN PAN File
- 197 Certificate Validation
- Online Correction
- Declaration for Non Filing of Statement
