Temporary Downtime of TRACES Website
The TDS Reconciliation Analysis and Correction Enabling System (TRACES) website will undergo planned technical upgradation on January 30, 2025, from 09:00 PM to 11:59 PM.
Impact on Users:
- During this period, all TRACES services including TDS statement filing, correction requests, and Form-16/Form-26AS downloads will be temporarily unavailable.
- Tax deductors and taxpayers are advised to plan their activities accordingly to avoid any inconvenience.
- After the maintenance window, TRACES is expected to offer enhanced performance and system stability.
Release of New Utility Version 1.6 for Form-16 Part-B Generation
A new utility version 1.6 has been rolled out for generating Form-16 Part-B. Employers and tax deductors must download and use this latest version to generate Form-16 Part-B for the Financial Year 2023-24 (Assessment Year 2024-25).
Key Updates in Form-16 Part-B Utility Version 1.6:
✅ Updated Features for accuracy in tax computations.
✅ Bug Fixes & Performance Enhancements for seamless form generation.
✅ Mandatory Compliance: Only the latest utility version must be used for Form-16 Part-B requests.
Action Required:
- Employers/Deductors must update their Form-16 Part-B utility before generating and issuing TDS certificates to employees.
- The updated utility can be downloaded from the TRACES portal.
- Employees should ensure their employers use the latest version to avoid discrepancies in tax records.
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