Steps to be followed for registering as a Deductor on TRACES: Click on ‘Register as New User’ in TRACES home page Select ‘Type of User’ as Deductor Enter details from […]
What are the activities that a deductor can perform through TRACES?
Deductors can perform the following activities through TRACES: Registration of Admin User for a TAN Creation of sub-users by Admin User View challan status Download Justification Report Download Form 16 […]
I am a deductor. Why should I register on TRACES?
TRACES enables deductors / collectors to view challan status, download Conso File, Justification Report and Form 16 / 16A, view TDS / TCS credit for a PAN as well as […]
Who can register on TRACES?
As of now, Deductors and Tax Payers can register on TRACES.
What should I do for an error ‘This type of correction can be performed only once for this statement’ at the time of filing correction for change of PAN?
Correction of valid PAN to valid PAN can be performed only once. If you have consumed all your attempts, you need to deposit short deduction default amount and file correction […]
How can I verify the PAN?
Verifyinig the PAN can be easily done by below methods Long Method Know Your PAN Short Method Know Your Jurisdictional A.O. (Professionals,CA use the said link to Find Details about […]
What is PAN verification?
This functionality helps deductor in verifying whether the PAN provided by the deductee (Tax Payer) is valid as per Income Tax Department database. Long Method Know Your PAN Short Method […]
PAN provided by deductee is invalid, Can deductor deduct TDS on higher rate ?
In case of invalid PAN, TDS should be deducted at higher rate.
Can a foreign citizen apply for a PAN? If yes, which form should be used?
Yes. A foreign citizen can apply for a PAN by submitting Form 49AA
What happens if I have quoted incorrect PAN in the tax payment challan used for depositing my advance / self-assessment tax?
In such cases, your tax payment details will not be reflected in Form 26AS. It is important for you to correctly state your PAN in the tax payment challan. For […]