Tdscpc to replace tin-nsdl

TDS 2943 views 5 replies

CA Ayush Agarwal

Kolkata-Pune-Mumbai

27349 Points Joined October 2007

TRACES : new TDS web interface from Income-tax Dept.

TRACES stands for TDS Reconciliation Analysis and Correction Enabling System and has been set up by TDS Centralised Processing Cell of the income-tax department.

TRACES will integrate the following components

Tax information Network
Automated TDS Challan Matching
TDS Defaults Processing
IVR/ Call Centre
Web Portal

New Web Portal : https://www.tdscpc.gov.in

The new portal has been created using latest technology to enhance swift interaction between the deductor, deductee, income-tax department and CPC. The following features are/ will be available to deductors and deductees

Dashboard giving summary of Deductors account
Online registration of TAN
Online filing of TDS Statements
Online corrections of TDS statements
Default Resolution
View Form 26AS
Download Form 16/16A/Consolidated TDS File
Grievance registration and resolution

Not all of the above features have been activated so far

NSDL web site V/s TRACES web Site : Current Status

Currently several online services are provided to deductors and deductees on TIN site by NSDL. The following table presents various services at both the sites

Registration at TRACES

Users who have already registered at NSDL TIN site, need not register again on TRACES. Their registration details are migrated and they can login at TRACES with their NSDL-TIN login details
Fresh registrations on NSDL site have been stopped
New registrations can be done at TRACES site and online help is available under the FAQ link

It appears; gradually TRACES will become the only site for deductors and deductees. As more features appear and existing features understood, we will keep sharing the information with you

FastFacts

Replies (5)

CA Ayush Agarwal

Kolkata-Pune-Mumbai

27349 Points Joined October 2007

TRACES : Deductor Registration and Login

The process of registration and login on new web site TRACES is different from the earlier one on TIN web site.

Registration Process for a new User

The five steps required for registration are described below

Step 1

Enter TAN for which registration is required
Enter either Token Number or TAN Registration Number (TRN). Token Number is the receipt number of an accepted regular statement filed on or after 01-04-2010. TRN is what was provided by TIN web site earlier during TAN registration on that site

Step 2

In case Token Number is entered in Step 1 , then you will have to provide File Hash Value or SAM Hash Value. Both are 20 digit number
First 14 characters will be displayed in the text box. You need to complete it by inputting remaining 6 digits

Step 3

In this step the following need to be updated
- PAN of deductor,
- Category
- designation of authorized person
- Address
- Email and Phone numbers
If PAN is available in TAN database, it will be displayed, else it needs to be updated
Name and Father’s Name of Authorised person will be auto populated based on PAN and Date of Birth of authorized person entered in the provided text boxes
Address will be populated from TAN database, but can be modified .
Email and Phone numbers will be stored in TRACES database only. Apart from regular email ID and mobile number, an alternate email ID and mobile number is also to be updated
Any modification in the address etc. will be only stored in TRACES and for permanent change of details , deductor need to request the same on TIN web site

Step 4

In this step, enter a UserID of your choice. Click on “Check Availability” to see if it is available
Enter password of your choice

Step 5

A confirmation screen will show the values entered by you. You can edit if anything is incorrect else click Confirm
On clicking Confirm, the process of registration will be over.

Registration Process for a User already registered on NSDL TIN Site

A user already registered with NSDL TIN site is a migrated user
Such users will have to first time login with user ID and password as used on TIN web site
After successful login a few additional details which are not migrated will have to be updated

Activation

Both new user and migrated user will have to activate the account
Activation email will be sent at the email Id given during registration. An activation code will also be sent through sms on the registered mobile number
The email will contain a link for activation and activation code. Click on the link
An activation screen will appear and you need to enter User ID and activation code as sent through email and sms.
On correct submission of values “Activation Successful” message will appear
The activation must be done within 24 hours of registration. If not then you will have to register all over again

Login

Once activation is successful, you can login anytime with your user Id and password

Precautions

For a smooth and hassle free registration , it is necessary to

provide correct email ID and mobile number
activate within 24 hours

CA Ayush Agarwal

Kolkata-Pune-Mumbai

27349 Points Joined October 2007

FVU 3.6 : Key Changes Effective October 2012

File Validation Utility version 3.6 has been released on Sept 25, 2012.

Effective Date

FVU version 3.6 will be mandatory w.e.f October 16, 2012.
Upto October 15, 2012 FVU version 3.5 and FVU version 3.6 will be applicable.
This means for Q2 of FY 2012-13, both FVU 3.5 and FVU 3.6 will be accepted, if filed on or before October 15, 2012.

Challan File is now mandatory during validation

Upto FVU version 3.5 , challan file ( with extension .csi ) was optional. With version 3.6 , this file will be mandatory while validating eTDS file
The challan file can be downloaded from TIN web site under the link Challan Status Enquiry
This file will be required only if TDS is deposited through challans. Hence, Govt. deductors who do not use challan for depositing TDS will not be required to provide challan file during validation
Challan file is required for validating regular statements. For correction statements , it is required only when a new challan is added or existing challan is updated

Changes in Form 24Q : TDS on Salaries

For Q4 Salary details are to be provided in Form 24Q.
The exemption limit for senior citizens above age 80 is different from senior citizens above 60 years and upto 80 years.
A separate flag is now to be given for such senior citizens , appropriately termed as “Super Senior Citizens”

Descripttion	Senior Citizen	Super Senior Citizen
Age	Above 60 but upto 79 years	80 years and above
NIL Rate for income upto	Rs. 2,50,000	Rs. 5,00,000
Category of Employee in Form 24Q	S	O

This categorization is applicable from FY 2011-12 onwards. However, since the eTDS Statements for Q4 2011-12 have already been filed upto May 31, 2012, this requirements may be applicable for those filing delayed statement or filing correction statement

Changes in Form 26Q : TDS on other Payments

TDS not deducted on software purchases in terms of Notification 21/2012 is now to be reported separately.
Above notification exempts a deductor from making deduction of tax at source, if software ( without any modifications ) is acquired in a subsequent transfer and tax has been deducted on previous transfer of software. For more details please read https://blog.ffcs.in/2012/08/14/tds-on-purchase-of-standard-software/
For this purpose flag “S” is to be mentioned in the field “Reason for NIL/ Lower deduction” for transactions pertaining to section 194J
This requirement is applicable from FY 2012-13 onwards only

Changes in Form 27Q : Payment to Non – Residents

TDS not deducted on software purchases in terms of Notification 21/2012 is now to be reported separately.
Above notification exempts a deductor from making deduction of tax at source, if software ( without any modifications ) is acquired in a subsequent transfer and tax has been deducted on previous transfer of software. For more details please read https://blog.ffcs.in/2012/08/14/tds-on-purchase-of-standard-software/
For this purpose flag “S” is to be mentioned in the field “Reason for NIL/ Lower deduction” for transactions pertaining to section 195
This requirement is applicable from FY 2012-13 onwards only
Two additional codes are introduced for the following sections

Section code	Section code to be quoted in Quarterly Statement	Applicable from FY	Descripttion
194LB	4LB	2011-12	Interest : infrastructure debt fund
194LC	4LC	2012-13	Interest : foreign currency loans etc

Changes in Form 27EQ : Tax Collection at Source

The following additional codes are prescribed

Section code	Section code to be quoted in Quarterly Statement	Applicable from FY	Descripttion
206CJ	J	2012-13	Minerals
206CK	K	2012-13	Bullion and Jewellery

CA Ayush Agarwal

Kolkata-Pune-Mumbai

27349 Points Joined October 2007

HOW TO REGISTER YOUR TAN AT TRACES:FAQ

TRACES stands for TDS Reconciliation Analysis and Correction Enabling System and has been set up by TDS Centralised Processing Cell of the income-tax department.

TRACES will integrate the following components

Tax information Network\
Automated TDS Challan Matching
TDS Defaults Processing
IVR/ Call Centre
Web Portal

New Web Portal : https://www.tdscpc.gov.in

How to register at TRACES ,FAQ is given below.

1.I am a registered user in TIN. How do I login to TRACES?

If you already have a TAN Account in TIN, you can use the existing User Id and Password as in TIN to login to TRACES. However, if you are not able to register on TRACES using existing User Id and Password, you can register as new user on TRACES.

I am a registered user at TIN but I have forgotten my User Id and / or Password. How do I register on TRACES?

If you are not able to register on TRACES using your TIN User Id and Password (for your TAN Account), please register as a new user. Click on 'Register as New User', select type of user as 'Deductor' and proceed. This will create your new profile as deductor in TRACES and you will be able to login to TRACES after you activate the account.

How do I activate my account?

After completing registration, you will receive an activation link and activation code on your email id registered with TRACES. You will also receive an activation code through SMS on your mobile number registered with TRACES. Click on the activation link and enter User Id and the activation codes received through email and SMS and proceed. After successful activation, you can log in to TRACES. Click here for more details.

When I provide my TAN and Token Number, I get the message 'Invalid details'. Why?

Token Number (Provisional Receipt Number) provided must be of any accepted Regular statement filed by you on or after April 1, 2010 or of any accepted Correction statement filed by you from April 1, 2010 to October 15, 2012.

What are the details that I need to enter in the registration form?

For Deductors

Step–1
- TAN of Deductor
- Token Number of any accepted Regular statement filed by you on or after April 1, 2010 or of any accepted Correction statement filed by you from April 1, 2010 to October 15, 2012
Step–2
Token Number of the regular statement corresponding to the Financial Year, Quarter and Form Type displayed on screen
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
PAN of Deductor
PAN of Authorised Person (person responsible for deduction of tax at source)
Date of Birth of Responsible Person as in PAN database
Designation of Responsible Person
Communication Address
Mobile Number
Email Id
Step–3

For Tax Payers

Step–1
- PAN of Tax Payer
- Date of Birth as on PAN Card
- Name as in PAN database
  - 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
  - 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
Communication Address
Mobile Number
Email Id

The Token Number that I have provided on Step-1 is different from the Token Number which appears on Step–2 of registration process. Why is it so?

Token Number (Provisional Receipt Number) that is displayed on Step–2 is for the last accepted regular statement.

In Step–1, you can enter Token Number of any accepted Regular statement filed by you on or after April 1, 2010 or of anyaccepted Correction statement filed by you from April 1, 2010 to October 15, 2012.

Hence, Token Numbers in Step–1 and Step–2 are not required to be same.

I have entered incorrect communication details (Email Id or Mobile Number) during registration. What should I do now as I am not able to activate / login to my TRACES account?

Please wait for 24 hours for your account to be deactivated and try again.

Your registration process is valid only for 24 hours and you must activate your account within this time using the activation codes sent through Email and SMS.

During registration, please ensure to verify your details in the Confirmation Screen (Step–5). In case of any incorrect details, click on 'Edit' to change your details.

How can I ensure that I have entered correct communication details (Email Id or Mobile Number) during registration? Can I edit this information before submitting my registration form?

During registration, please ensure to verify your details in the Confirmation Screen (Step–5). In case of any incorrect details, click on 'Edit' to change your details.

What is Authentication Code?

Authentication code is generated when you clear validation details for a statement for certain functionalities such as Download Form 16 / 16A, Download NSDL Conso File, Download Justification Report, etc. Authentication code generated for a particular statement will be valid for the calendar day (i.e., an authentication code generated on 10-Dec-2012 can be used only on 10-Dec-2012 to clear validation details for the same statement. It will not be valid the next day).

Why does TRACES have different types of Authentication Codes?

There are two types of validations after which Authentication Code will be generated.

Statement Specific Validation – On this screen, details about a particular statement will be asked.

For e.g., If you want to download NSDL Conso File for Financial Year 2010-11, Quarter 2 and Form Type 24Q, you have to provide challan details and PAN-Amount details for this statement. The Authentication Code generated will be for that particular statement

Generic Validation – On this screen, details about a generic statement will be asked.

For e.g., If you want to update your profile, you have to provide challan details and PAN-Amount details about a generic statement will be asked. The Authentication Code generated will be for the FY, Quarter and Form Type displayed on the validation screen

It is advised to copy and save the Authentication Code so that you can reuse it for that day for the same statement.

Should I enter Authentication Code if I am trying to clear validation details for the first time during a day?

No. While trying to clear validation details for first time, you will not have the Authentication Code, hence you are not required to enter this value. You can proceed by entering other details for validation on this screen (i.e., Token Number, CIN / BIN Details and PAN-Amount). On completion of validation, Authentication Code will be generated and displayed when you proceed to next page.

Is it mandatory to enter Authentication Code?

No. If Authentication Code has been generated for the statement for which you are filling up validation details, you can enter it in the field provided for the same. It will facilitate users to avoid filling up validation details repeatedly in case user logs in again at different time of the day. If it has not been generated or if you have not saved it, you can proceed by entering other details on this screen (i.e., Token Number, CIN / BIN Details and PAN-Amount).

What is the advantage of Authentication Code?

Authentication Code is generated to facilitate users to avoid filling up of validation details repeatedly in case user logs in again at different time of the day.

Can I download NSDL Conso File for a quarter for which correction statement has been filed after 18-Oct-2012?

No. Such Conso file will not be available presently. Communication regarding the same will be published on TRACES once the Conso file will be available.

I am not able to download Justification Report. Why?

Justification Reports can be downloaded till Financial Year 2011-12. Justification report will not be available if your statement has no defaults.