TRACES (TDS Reconciliation Analysis and Correction Enabling System) // General Question and Answer Of Taxpayers // SUNIL RAJAI // MONARCH

TRACES (TDS Reconciliation Analysis and Correction Enabling System)
General Question and Answer Of Taxpayers

Question (1) : Who can register on TRACES?
Answer : As of now, Deductors and Tax Payers can register on TRACES.

Question (2) : I am a Tax Payer. Why should I register on TRACES?
Answer : Tax Payers can view their annual tax statement (Form 26AS) by register on TRACES.

Question (3) : What are the activities that a Tax Payer can perform through TRACES?
Answer : Tax Payer can perform the following activities through TRACES:
• Registration and Login
• View Form 26AS
• View and edit profile
• Provide Feedback

Question (4) : What are the functionalities that a Tax Payer can access after logging into their account on TRACES?
Answer : The following functionalities are available to a Tax Payer after logging in to TRACES:
• Landing page
• View Form 26AS
• Manage Profile

Question (5) : What are the details that I need to enter in the registration form?
Answer : For Deductors
• Step–1
1) TAN of Deductor
• Step–2
1) Token Number of the regular statement corresponding to the Financial Year, Quarter and Form Type displayed on screen
2) Challan details of one particular CIN which has been mapped to at least three deductee rows. If there is no such challan, please enter details of challan having maximum number of deductee rows
• Step–3
1) PAN of Deductor
2) PAN of Authorised Person (person responsible for deduction of tax at source)
3) Date of Birth of Responsible Person as in PAN database
4) Designation of Responsible Person
5) Communication Address
6) Mobile Number
7) Email Id
For Tax Payers
• Step–1
1) PAN of Tax Payer
2) Date of Birth as on PAN Card
3) Name as in PAN database
4) Option 1 – Details from Form 26AS or salary slip (in case of salaried persons). Provide TAN of deductor who has deducted TDS / TCS, month & year of deduction and amount of tax deducted
5) Option 2 – Details of any tax paid by you. Provide Assessment Year for which payment was made by you, Challan Serial Number of the challan using which payment was made and amount as per the challan
• Step–2
1) Communication Address
2) Mobile Number
3) Email Id

Question (6) : How do I register as a Tax payer on TRACES?
Answer :
Steps to be followed for registering on TRACES as a Tax Payer:
• Click on 'Register as New User' in TRACES home page
• Select 'Type of User' as 'Tax Payer' from drop-down and proceed
• Enter details from Step-1 to Step-3 and proceed
• Confirm details in confirmation screen
• On successful registration, activation link will be sent to registered email id and separate activation codes will be sent to registered email id and mobile number
• Click on activation link and enter User Id and activation codes
• After activation, user can login to TRACES

Question (7) : I have registered as a Tax Payer on TIN. Do I need to register again on TRACES?
Answer : Yes. Tax Payers registered on TIN must register as new user on TRACES. They cannot login to TRACES using their User Id and Password as in TIN.

SOURCE : TDSCPC
Best Regards,
- SUNIL RAJAI