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What can be seen in traces?

Ashim kr Ray (social service) (1695 Points)

04 August 2016

Sir, Please tell me in what purpose the Trace is useful. What can i see through using thee Trace.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177869 Points)
Replied 04 August 2016

TRACES is a web-based application of the Income Tax Department that provides an interface to all stakeholders associated with TDS administration. It enables viewing of challan status, downloading of Conso File, Justification Report and Form 16 / 16A as well as viewing of annual tax credit statements (Form 26AS).

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Ashim kr Ray (social service) (1695 Points)
Replied 05 August 2016

sir,

what is the process of deducted TDS in the arrear salary?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177869 Points)
Replied 05 August 2016

TDS deducted gets reflected in 26AS (available with TRACES), and its the assessees' capital, which he/she can claim against its tax liability. If no tax liability, it can be claimed as refund.