New Delhi, Oct. 8 -- Tax deducted at source (TDS) and tax collected at source (TCS) statements can now be filed directly online through the TRACES portal from Tax Year 2026-27, which started on 1 April 2026.

A deductor is a person or entity that deducts TDS from a payment before making it to the recipient.

The facility eliminates the earlier process of filing the statement through the Income Tax portal and waiting for it to be transferred to TRACES for further processing. Here's what you need to know.

Siddharth Maurya, Founder and Managing Director, Vibhvangal Anukulara, said the change is part of the alignment of the TRACES ecosystem with the Income-tax Act, 2025 and the new Income-tax Rules, 2026.

According to him, deductors now hav...