The relationship with CPC (TDS) extends to over 19.33 Lakh Registered Deductors and over 5.28 Crore Taxpayers of our country, who are constantly availing the services offered by our web-portal TRACES. We owe our success to your consistent engagement with us and look forward to strengthening this with our constant endeavour to provide you with technology-driven, user-friendly and useful utilities at TRACES.

We have traversed a noteworthy journey so far, however, there are many miles to go towards complete TDS Compliance. The essence of your partnership can never be over emphasized in this regard. Your support is solicited in achieving our objectives by way of adherence to the following basic principles of TDS Compliance:

• Deduction/ Collection of Tax at Correct Rates
• Timely Deposit of Tax Deducted at Source
• Accurate Reporting of data related to tax deductions/ collections made
• Submission of TDS Statements within the due dates
• Verification and Issuance of TDS Certificates within time

During the past year, CPC (TDS) released a host of useful utilities at TRACES, including the following, that we feel would be helpful in our journey together towards achieving default-free TDS Compliance:


• CPC (TDS) is now sending "Intermediate Default Communication" for PAN Errors and Short Payments, which can be corrected during the interim period of a week of filing TDS Statements, before CPC (TDS) proceeds with computing Defaults for the relevant statement.
• User-friendly Online Correction facility can be used for Correction of Deductees, Tagging Unmatched Challans and Payment of Fees/ Interest. (Please navigate to Defaults tab to locate Request for Correction from the drop-down menu. For any assistance, please refer to the e-tutorials available on TRACES).
• Aggregated TDS Compliance Report assists the PAN of the Deductor to administer TDS Defaults for associated TANs and to take appropriate action
• The Deductor's Dashboard provides you all necessary information to assist you in "Compliance Self-Assessment" and to take appropriate action.
• Non-filing Self-declaration can be made by navigating to Statements / Payments menu and submit details under Declaration for Non-Filing of Statements.
• PAN Verification and Consolidated TAN - PAN File facility on TRACES can be used for verifying the deductees.
• The Conso Files and Justification Reports downloaded from TRACES help you to identify errors in submission of revised Quarterly TDS Statements.

You can support CPC (TDS) in the Green Initiative by opting out of paper intimations. This can help in saving scarce green resources of the country.

CPC (TDS) consistently reaches out to you with Communications. You can refer them to keep yourself abreast with updates.

Your actions have a far-reaching effect touching the lives of all the citizens of our country in multiple ways. Let us, therefore, commit ourselves to build a compliant environment in the New Year in our endeavor to improve the tax regime in national interest.

CPC (TDS) team wishes you a "TDS Compliant" New Year.

Notes:

• Please maintain updated email address and Contact Number on TRACES to receive regular periodic updates and guidelines from TRACES.
• Please refer to our FAQs and e-tutorials for detailed screen-driven assistance, before seeking further help.