Tds

The concept of TDS was introduced with an aim to collect tax
from the very source of income.

As per this concept, a person (deductor) who is liable to make
payment of specified nature to any other person (deductee)
shall deduct tax at source and remit the same into the account
of the Central Government.
The deductee from whose income tax has been deducted at
source would be entitled to get credit of the amount so
deducted on the basis of Form 26AS or TDS certificate issued by
the deductor.
T R
A C
E S
This is the official website of Centralized Processing Cell (TDS),
Directorate of Income Tax (Systems), Central Board of Direct
Taxes (CBDT), Department of Revenue, Ministry of Finance,
Government of India.
 CPC(TDS) is a technology-driven transformation initiative for
TDS administration that provides a comprehensive solution
through its portal Tax Deduction, Reconciliation, Analysis and
Correction Enabling System (TRACES).
The Portal has been developed under the National E-
Governance Plan of the Government.
The following web-enabled services are available on this portal
1. Registration for tax-deductors and taxpayers
Deductors and Taxpayers will be able to register on TRACES. This will
enable them to create their own account profile and perform / view
the activities under the respective TAN/PAN. After successful
registration on the website, user will be able to login into their
account.
2. Electronic filing of TDS Statements - Original and Corrections

Original & Correction filing of TDS statements electronically available at
E-Filing website through upload functionality.
3. View Statement Processing Status and TDS Defaults

After a statement has been filed, deductor can view status of
statements, if a statement has been processed with defaults. User can
download intimation sent by TDS CPC for the statements having
defaults.
4.View Tax Credit Statement (26AS) of taxpayers
View Tax Credit Statement (26AS) helps taxpayers to view TDS
Deductions details and payment of taxes.
5.Digital TDS Certificates - Forms 16/16A/16B in reconciliation with

26AS
Deductor download TDS certificates after processing of TDS statement
and provide to taxpayers about TDS deductios and those deductions
also reflect in 26AS of taxpayers for claiming deductions in Income Tax
Return.
6.Justification Report for details of TDS Defaults

Justification report provides a consolidated report of defaults for a
statement. Once a return has been processed with defaults, a
Justification Report is prepared for the deductor to view the default
justifications. This assists the deductor in filing of the correction
statement for rectification of the identified defaults.
7.Online TDS Statement Corrections
Online Correction statement available on TRACES for deductors for fast
submission and processing of the statements.
8.Secured Integration with corporate Tax-deductors

A cost effective, secured and authentic access to TRACES portal by the
banks/corporates having multiple branches for ease of use for TRACES
by relaxed KYC to eliminate risk of unauthorized access.
9.TDS Refunds
Deductors will be able to submit their refund requests through TRACES.
A refund request can be submitted for a maximum of five challans.
Form 26AS gives an overall view of your income tax
deducted in a particular financial year at various
sources of income like tax deducted on commission
income, tax deduction on interest received from
Fixed deposits, tax deducted on salary, etc.
How to download form 26AS?

Any tax payer can download his form 26AS with a valid PAN number. To
do this you need to login at Income Tax Department's website. From this
website you will be redirected to another website – traces. From traces
you can download 26 AS
Form 16 is the TDS certificate that an employer issues to you
when TDS is deducted by them. When an employer deducts
TDS on salaries, the income tax act requires that a certificate
must be issued by the employer, where the details of tax
deducted and deposited is certified.
How can I get Form 16?

If the employer does not issue Form-16 then you may refer to
your Form 26AS. This form contains details of tax deducted from your
payments and deposited in the government account. If, however you
cannot access this or it does not reflect any TDS payments then you
must demand your Form 16 from your employer
In this simplified example below, apple product sells for $1,000
and costs $500 to produce. The taxes in the U.S. would be $175.
But if the cost to produce it can be inflated to $600 and
recognition of the sale and the cost transferred to a lower-tax
country such as Ireland, $175 in taxes are saved.
us Ireland
More than 700 American companies site international headquarters in

Ireland because it has a 12.5 percent tax rate compared to much higher
rates in the U.S. and Europe, according to the Guardian.

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Tds

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The concept of TDS was introduced with an aim to collect tax

from the very source of income.

2. Electronic filing of TDS Statements - Original and Corrections

3. View Statement Processing Status and TDS Defaults

5.Digital TDS Certificates - Forms 16/16A/16B in reconciliation with

6.Justification Report for details of TDS Defaults

8.Secured Integration with corporate Tax-deductors

How to download form 26AS?

How can I get Form 16?

More than 700 American companies site international headquarters in

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