Every prescribed person (as defined in Rule 36/ 36A of Income Tax rules) as per Section 206 of the Income Tax Act, 1961 is required to furnish the returns in a manner specified or prescribed from time to time and to verify the same in a manner prescribed.
How to register on TRACES and download TDS Certificate
The person responsible for deducting the tax at source is required to submit their return of TDS on the TRACES website, where the deductor can file their TDS return, revise their TDS return, Issue a TDS Certificate, refund request, and associated functionalities. After obtaining the TAN, the deductor is required to register their TAN on TRACES as well as on the Income Tax Portal.
All about TDS – Tax Deducted at Source
The person filing their first-ever TDS return may face difficulty while registering their TAN on the TRACES portal. The following error may occur while registering on the TRACES portal:
- You have not filed any statement for the mentioned TAN
- All the statements filed for Financial Year 2009-10 and onwards are in cancelled state
- All the statements filed for Financial Year 2009-10 and onwards are NIL statements (having all challans with Zero amount)
For registering on the TRACES portal, the deductor needs to file their first TDS return, and to file their first TDS return, the deductor is required to register their TAN on the New Income Tax portal.
In the above-mentioned cases, the TDS CPC portal will redirect the prescribed person to the e-filing Income Tax portal for registration of TAN on the IT portal.
Deductor has to approve the pending request for successful registration of TAN on the New Income Tax portal.
After approving the pending request and successful registration of TAN on the New Income Tax portal, the deductor can now file their First TDS return on the New Income Tax portal and after 4 to 5 working days, they can register their TAN on the TRACES portal.
