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TDS compliance portal in India?

Difference between ITR and TDS

 

TDS Compliance

 

 

Here are some key features and services offered by the TDS compliance portal in India:

1.TDS Statement Filing:

Taxpayers can file their TDS statements, including Form 24Q, 26Q, 27Q, and 27EQ, electronically through the TRACES portal. These statements contain details of tax deducted and deposited by the deductor.

2.TAN Registration:

Deductors can register their Tax Deduction and Collection Account Number (TAN) on the portal, which is required for TDS compliance. The portal allows for TAN registration, modification, and deactivation.

3.Online Challan Verification:

The TRACES portal provides an option to verify the status of TDS payments made by the deductor. Deductors can check whether their TDS payments have been match with the relevant deductee’s records.

4.TDS Certificate Generation:

Deductors can generate TDS certificates, such as Form 16 and Form 16A, through the TRACES portal. These certificates provide details of tax deducted at source and are issue to the deductees.

5.Demand and Refund Status:

The portal allows taxpayers to view the status of demand and refund relate to TDS. Users can check whether any demand has been raised by the tax autho Browse revisions rities or if they are eligible for a refund.

6.Annual Information Return (AIR) Filing:

The TRACES portal facilitates the filing of the AIR, which is a statement containing high-value transactions made by taxpayers. This helps in tracking and monitoring financial transactions for taxation purposes.

7.Online Correction Facility:

can make corrections to TDS statements file earlier through the portal’s online correction facility. It allows for rectifying errors, updating details, or adding missing information in the TDS statements.

 

To access the TDS compliance portal in India, users need to register on the TRACES portal and obtain their user ID and password. It is recommend to refer to the official TRACES portal (https://www.tdscpc.gov.in) for detailed instructions, guidelines, and updates regarding TDS compliance in India.

FAQs:

 

To visit https://www.incometax.gov.in

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