Master in Accounts & high court Advocate
9615 Points
Posted on 03 December 2024
If TRACES (TDS Reconciliation Analysis and Correction Enabling System) shows a default on TDS, you'll need to pay the due amount to avoid further action.
Here's a step-by-step guide:
1. Log in to the TRACES portal (www.tdscpc.gov.in) with your credentials.
2. Navigate to the "Default" or "Outstanding Demand" section.
3. Select the relevant assessment year and default type (TDS).
4. Verify the details and amount payable.
5. Click on "Pay Online" and select the payment option (e.g., Net Banking, Debit/Credit Card).
6. Make the payment and note the challan number.
7. Confirm the payment on the TRACES portal.
Regarding the income tax portal, an outstanding demand may appear under the "TDS Defaults" or "Outstanding Demands" section.
To resolve this: 1. Log in to the Income