TDS Reconciliation Analysis and Correction Enabling System are referred to as TRACES. The Income Tax Department created this online tool to make it easier to correct TDS returns that had already been submitted. This eliminates the need to file updated returns, which is time-consuming and a hassle.
This site is available for access to taxpayers and deductors, where they may view TDS, and TCS paid, correct details when submitting returns, if required, and also claim refunds. As a taxpayer, deductor, or Pay and Accounts Office, a person can register with TRACES.
Also, See: Employees Provident Fund (EPF)
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