Tax Preparation | Financial Management
TRACES Reconciliation
TRACES challan-status, deductee-default and 26AS extracts parsed automatically. Matched against your deduction register. Variances surface for action. Correction returns drafted before TRACES issues a default notice.
What it does
Inside TRACES Reconciliation.
Connect one TAN, free. The system pulls the latest TRACES extracts and reconciles against your books. Variances, defaults and pending corrections surface by morning.
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TRACES extracts
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Match engine
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Default surfacing
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Correction draft
Where it sits
Part of Tax Preparation.
TDS Auto-Deduction Section, rate, threshold and PAN-based logic applied at the line item. Vendor PAN verified live. PAN Verification Live PAN status check with CBDT. Active / inactive / not registered. Section 206AA on invalid PAN. TDS Challan Payment Generate challans, pay via Connected Banking, CIN captured automatically. TDS Challan Reconciliation Challans paid through your bank auto-matched against deductions. Mismatches surfaced. Quarterly TDS Returns 24Q, 26Q and 27Q drafted from deduction history. Reconciled against TRACES, signed off, filed. Vendor TDS Tracking Per-vendor cumulative TDS, threshold breach alerts, 194Q vs 206C(1H) decisioning at the bill. 194Q vs 206C(1H) Decisioning Buyer/seller turnover thresholds tracked per relationship. Right side computed at posting. Section 197 LDC Upload, validity window, rate override, auto-expiry. Section 197 lower-deduction certificates honoured. Form 16 Generation Annual Form 16 drafted, DSC-signed, emailed in bulk to employees. Form 16A Generation Quarterly Form 16A drafted, DSC-signed, emailed to vendors. TCS Collection TCS at sale (206C) and 1% TCS on goods sale (206C(1H)) computed automatically.
Run TRACES Reconciliation against your books.
A working session on your structure and a month of your documents.