(Q1.)What is Authentication Code?
- Authentication code is generated after validation of KYC details, which will remain valid for same calendar day for same Financial Year, Quarter and Form Type. (For e.g., an authentication code generated on 10-Dec-2012 can be used only on 10-Dec-2012 to clear validation details for the same statement. It will not be valid for the next day) and can be used to access following functionalities available on TRACES such as:
Download Form 16 / 16A / 27D
Download NSDL Conso File,
Download Justification Report,
Online Correction etc. (Q2.)Should I enter Authentication Code if I am trying to clear validation details for the first time during a day?
- No. While trying to clear validation details for first time, you will not have the Authentication Code; hence you are not required to enter this value. You can proceed by entering other details for validation on this screen (i.e., Token Number, CIN / BIN Details and PAN-Amount). On completion of validation, Authentication Code will be generated and displayed when you proceed to next page.
