With effect from February 1, 2014, it is mandatory to submit Form 27A generated by TDS/TCS FVU (File Validation Utility) duly signed, along the TDS/TCS statement/(s).

Any other Form 27A submitted will be treated as invalid submission and the same will be rejected by TIN-FC branches. (27/01/2014).

 

Taking into cognizance slower speed of data servers causing problem & delays in uploading of Returns,

the UPVAT Department has extended the due date for filing of Form 24Q-for the Quarter/Month ending December,2013

upto 31-01-2014; provided the due tax has already been deposited by the assessee within the due time.

The relevant circular is reproduced here for ready reference:

Download (PDF, 167KB)

 

The UP VAT Department has once again extended the last date to file  Annual Return (Form 26) , now up to 29-01-2014.

The relevant circular is reproduced here for ready reference :

Download (PDF, 187KB)

 

 

CBDT vide circular no. 01/2014 dated 13.01.2014 clarified that TDS under Section 194J (chapter XVII-B of the Income Tax Act, 1961) shall be deducted on the amount paid/payable pursuant to the agreement/contract, without considering the Service tax portion.

As a result of the same, if Service tax payable has been shown separately in the invoice, TDS on professionals under Section 194 J shall be deducted only on the amount as agreed in agreement/contract.

Earlier CBDT vide circular no. 04/2008 dated 28.04.2008 had clarified that TDS under Section 194I (chapter XVII-B of the Income Tax Act, 1961) shall be deducted on the amount of the rent paid/payable without considering the Service Tax portion.

Download (PDF, 32KB)

 

TIN-NSDL has released new RPU version 3.8

Key feature of this new RPU version

  • Deletion of deductee record: Feature to delete the deductee record has been discontinued.  In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values.
  • Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q3 of FY 2013-14, then the date of deduction should not be lower than 01/10/2013.
  • Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.
  • Applicability of FVU version: From January 04, 2014 FVUs version 4.1 and 2.137 would be mandatory.
  • Incorporation of latest FVU Version 4.1 and 2.137.
  • Heading of column no. 20 under Challan details has been changed as “Interest to be allocated/apportioned”.

The relevant RPU can be downloaded from the link below :

e-TDS_RPU_3.8.zip

 

 

Tin-NSDL  has released the following new File Validation Utilities on 2nd January, 2014:

•           FVU version 4.1 – For Statements pertaining to FY 2010-11 onwards.

•           FVU version 2.137 – For Statements up to FY 2009-10.

These two FVU versions are mandatory with effect from January 04, 2014.

FVU version 4.0 and FVU Version 2.136 are applicable up to January 03, 2014.

Key feature of new FVU versions 

  • Deletion of deductee record: Feature to delete the deductee record has been discontinued.  In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values.
  • Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q3 of FY 2013-14, then the date of deduction should not be lower than 01/10/2013.
  • Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.
  • Applicability of FVU version: From January 04, 2014 FVUs version 4.1 and 2.137 would be mandatory.

The relevant FVUs can be downloaded from the links below :

FVU_2.137.zip

FVU_4.1.zip

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