Finally after being directed by various high courts, CBDT extends the due date of filing of income tax returns from 30-09-2014 to 30-11-2014.

The relevant order is reproduced here for ready reference:

 

Download (PDF, 284KB)

 

Key feature of FVU version 4.4

  • Lower/ Non-deduction Certificate number issued by Assessing Officer (in deductee details): Length of field “Certificate number issued by the Assessing Officer u/s 197 for non-deduction/lower deduction” under deductee details (i.e. in Annexure I) has been restricted to 10 digits. Certificate number to be quoted only in case of lower deduction/no deduction. This validation is applicable to regular and correction (C3 & C9) statements pertaining to FY 2013-14 and onwards.
  • Amount paid/ credited (in deductee details): Value in field “Amount paid/ Credited” to the deductee in case of Form no. 24Q should be less than or equal to 999999999.00. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.
  • Total Taxable income (in salary details – Annexure II): Value in field “Total Taxable Income” to the deductee in case of Form no. 24Q-Q4 should be less than or equal to 999999999.00. This validation is applicable to regular and C4 correction statements pertaining to all FYs.
  • Deductee reference number and Employee serial number (in deductee details): It is mandatory to quote in the field “Deductee reference no.” (In case of Form no. 26Q) and “Employee serial no.” (In case of Form no. 24Q), where PAN of the deductee is invalid. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.
  • Total tax deducted amount (in deductee details): In case of Form no. 24Q, value quoted in field “Total Tax deducted amount” should be less than or equal to value quoted in field “Amount paid/ credited” under deductee details. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.
  • Accounts Office Identification Number (AIN): It is mandatory to quote the AIN in case of Form no. 24Q and 26Q for deductor category “Central Government” & “State Government”. This validation is applicable to regular and correction (C1 & C2, C3 (if deductor details are updated)) statements pertaining to FY 2013-14 onwards.
  • Collection code “J” (Sale of certain Minerals) and “K” (Cash case of Bullion and Jewellary): Collection code “J” and “K” is applicable only for TCS (Form no. 27EQ)regular and C9 correction statements pertaining to Q2 of FY 2012-13 onwards.
  • Remarks for higher deduction (in deductee details): Remarks for higher deduction in deductee details i.e., flag “C” to be mentioned only if the deductee PAN is structurally invalid. This validation is applicable to regular statement and correction (C3 & C9) statements pertaining to FY 2010-11 onwards
  • Country name (in deductee details): In case of Form no. 27Q, the country name “MEXICO” has been updated to “UNITED MEXICAN STATES”. This change is applicable to regular and correction (C3 & C9) statements pertaining to FY 2013-14 onwards.
  • Applicability of FVU version: From September 23, 2014, FVU version 4.4 would be mandatory for statements pertain to FY 2010-11 onwards.

 

Key feature of FVU version 2.140

  • Amount paid/ credited (in deductee details): Value in field “Amount paid/ Credited” to the deductee in case of Form no. 24Q should be less than or equal to 999999999.00. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.
  • Total Taxable income (in salary details – Annexure II): Value in field “Total Taxable Income” to the deductee in case of Form no. 24Q-Q4 should be less than or equal to 999999999.00. This validation is applicable to regular and C4 correction statements pertaining to all FYs.
  • Deductee reference number and Employee serial number (in deductee details): It is mandatory to quote in the field “Deductee reference no.” (In case of Form no. 26Q) and “Employee serial no.” (In case of Form no. 24Q), where PAN of the deductee is invalid. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.
  • Total tax deducted amount (in deductee details): In case of Form no. 24Q, value quoted in field “Total Tax deducted amount” should be less than or equal to value quoted in field “Amount paid/ credited” under deductee details. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.
  • Applicability of FVU version: From September 23, 2014, FVU version 2.140 would be mandatory for statements pertain to FY 2007-08 to FY 2009-10.

The relevant FVUs can be downloaded from the links below :

FVU 4.4

FVU 2.140

 
squareimageofgnew

DUE DATES – SEPTEMBER,  2014

05-09-2014 – (if payment done online then 06-09-2014) – Service Tax / Excise Monthly Payment.

07-09-2014 – TDS / TCS payment.

10-09-2014 – Excise Monthly Return.

15-09-2014 – PF Monthly Payment.

15-09-2014 – Advance Tax (2nd Installment for Corporate Entities and 1st for others)

20-09-2014 – VAT / CST Monthly Payment and Monthly Return.

21-09-2014 – ESI Monthly Payment.

25-09-2014 – PF Monthly Return.

30-09-2014 – Income tax returns for Tax Audit Assessees and Companies other then Transfer Pricing Audits.

The same dates can also be viewed on our website

 “www.godhwanni.in” 

throughout the month.

© 2012 GODHWANI LAW CO.