TDS registration: How to register on traces as a taxpayer
A summary of the traces registration process
In this post, we will discuss how taxpayers can register on the TRACES portal, along with its purpose and key steps in the new registration process.
Objective of the TRACES Website
Taxpayers and TDS deductors can do several operations on the TDS TRACES website, including but not limited to the following:
- It is possible to see and download Form 26AS.
- Submit a request to have the TDS/TCS statement revised.
- Verify the challan’s status.
- Many tax statements may have their status checked online.
- Make an online refund request.
- Download Forms 16 and 16A (for TDS deductors only), the Justification Report, and the consolidated file.
- Many duties relating to taxes may be easily completed with the help of the online services available on the TRACES website. Earlier paper-based methods, which required a lot more time, have mostly been replaced by this. This web-based rectification tool makes it simple to update PAN data and make challan changes.
- TDS return corrections that have already been submitted must be finished online.
- Correction of OLTAS Challan online.
Important information on Taxpayer Registration
The services provided by TRACES to a registered Taxpayer are:
- Registration.
- View and Download Form 26AS.
- Can download the Form 16B.
- Verify your TDS Certificate.
- View/Download your Aggregated TDS Compliances Report.
- Manage your profile and also change the password.
You can perform 26QB correction.
New Registration Process in TRACES
To file your Correction Statement, TRACES registration is compulsory.
Step 1: Go to the official website and click ‘Register as New User’. Then select ‘Deductor’ and click on ‘Proceed’.
Step 2: Add the TAN of the deductor and enter ‘Verification code’ and click ‘Proceed’.
Step 3: Enter the token number of the regular (original) statement along with the CIN or BIN and PAN details for the same financial year, quarter and form type shown on the screen.
Token Number: For Challan details (CIN), give the challan amount, challan date, BSR code and CD record number (CD record number is optional). If you are a Government deductor, you can just enter the Date of Deposit and the Transfer Voucher amount mentioned in the related statement. For PAN details, you can enter up to 3 valid PANs with their respective amounts. If there are less than 3, then enter all available combinations, whether it is two or only one.
Step 4: After your KYC details are verified, you will get an authentication code. This code will be valid only for that day for the same form type, financial year and quarter. With this code, your TAN and deductor name will already be filled in. You just need to update the PAN, details of the responsible person and the address.
If you are an individual or a proprietor, the PAN of the deductor and the authorized person can be the same. In other cases, they can be different. After that, enter your user ID and password and click on “Create an Account.”
Step 5: On the confirmation page, check all the details carefully. If you need to change anything, click on “Edit.” If everything is correct, click on “Confirm” to proceed with the registration.
Step 6: At the end, you will see the message “Registration request successfully submitted.” An activation link and codes will be sent to your email and mobile number given during registration.
Once your account is activated, your registration is complete and you can log in to TRACES.
We have come to the end of this post on the TDS registration process in TRACES. If you have any queries or opinions please let us know in the comment section below.
