Key Features – File Validation Utility (FVU) version 4.7

  • Incorporation section code 192A and 194LBB:

“192A” & “194LBB” have been added for below forms which will be applicable for statements pertain to FY 2015-16 & Q1 onwards.

Section code 192A will be applicable for Form 26Q.

Section code 194LBB will be applicable only for Form 26Q and 27Q.

For section code “192A”, select “92D” from the dropdown of section code column in Annexure I sheet.

For section code “194LBB”, select “LBB” from the dropdown of section code column in Annexure I sheet.

  • Total Tax deducted amount should be equal to Total Tax Deposited under Deductee details (i.e. Annexure I).
  • Quoting of lower/non deduction certificate number under Deductee details (Annexure I) will be applicable only for below mentioned Section codes:-

192, 193, 194, 194A, 194C, 194D, 194G, 194H, 194-I, 194J, 194LA, 195 and 206C for the statements pertaining to FY 2013-14 onwards.

  • Validations with respect to remark C under deductee details (Annexure I) has been relaxed for section 194LC for the statements pertains to FY 2012-13 onwards (said validation will be applicable only for Form 27Q).
  • This version of FVU will be applicable with effect from June 20, 2015

Key Features – File Validation Utility (FVU) version 2.143

  • Remark “T” (i.e. for transporter transaction and valid PAN is provided) under deductee details (Annexure I) will be applicable from Q3 of FY 2009-10 onwards.
  • (Said validation will be applicable only for Form 26Q).
  • Total Tax deducted amount should be equal to Total Tax Deposited under Deductee details (i.e. Annexure I).
  • This version of FVU will be applicable with effect from June 20, 2015.
 

Considering the consecutive holidays owing to the festive season and weekend, CBDT has  extended the due date for deposit of TDS for month of September, 2014 extended to October 10, 2014.

during the first week in the month of October, 2014, the Central Board of Direct Taxes has issued an order to extend the last date of deposit of tax deducted at source/tax collected at source during the month of September, 2014 from 7th   October, 2014 to 10th October, 2014 without entailing any consequential interest.

However, the due date for filing of TDS/TCS statements for the 2nd Quarter of the F.Y. 2014-15 shall remain the same.

The relevant press release is reproduced here for ready reference:

Download (PDF, 5KB)

 

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

 

TIN-NSDL  has released  new Return Preparation Utilitiy- RPU 4.0 for incorporating  latest FVU Versions

•           FVU version 4.3 – For Statements pertaining to FY 2010-11 onwards.

•           FVU version 2.139 – For Statements up to FY 2009-10.

Key features of RPU 4.0

  • Addition of State “TELANGANA”

New State “TELANGANA” has been added.

  • Incorporation of latest FVU Version 4.3 and 2.139.

The file can be downloaded from the link below:

RPU 4.0

 

 

TIN-NSDL  has released the following new File Validation Utilities

•           FVU version 4.3 – For Statements pertaining to FY 2010-11 onwards.

•           FVU version 2.139 – For Statements up to FY 2009-10.

These two FVU versions are mandatory with effect from June  28, 2014.

Key feature of new FVU versions

  • New State Code “36” for “TELANGANA” has been added in these latest versions.

The FVUs are attached here for ready reference:

FVU 2.139

FVU 4.3

 

With effect from June 1, 2014, Deductors/Collectors need not submit copy of Provisional Receipt of original statement and Statement Statistics Report (SSR) for furnishing e-TDS/TCS correction statement.

 

TIN-NSDL  has released  new Return Preparation Utilitiy- RPU 3.9 for incorporating  latest FVU Versions

•           FVU version 4.2 – For Statements pertaining to FY 2010-11 onwards.

•           FVU version 2.138 – For Statements up to FY 2009-10.

Key features of RPU 3.9

  • “Particulars of the Person Responsible for Deduction of tax” option under “Form” page of RPU:

“Same as above” check box has been provided under “Particulars of the Person Responsible for Deduction of tax” option of “Form” page. On selecting this, fields such as Flat No., Area/Location, Name of Premises/Building, Road/Street/Lane, Town/City/District, State and Pincode will be auto-populate.

The said option is available for Regular TDS/TCS statements only.

  • While saving TDS/TCS file through RPU, file name will auto populate in predetermined format (Example: While saving a Regular file for Form 24Q Q4 through RPU, file name “24QRQ4” will auto populate under saving option. Similarly, while saving a Correction file for Form 26Q Q4, file name “26QCQ4” will auto populate under saving option.
  • Addition of deductee records for Regular TDS/TCS statements in RPU:

New window has been provided for addition of deductee records for Regular TDS/TCS statements in RPU. With the use of this, user can map corresponding deductee record to the respective challan. Those users who don’t want to use this option may proceed by clicking on “Skip this step” button.

  • Error message for negative values in RPU:

Error message will populate for any negative values present under amount fields of Challan as well as Annexure I (Deductee details) of RPU.

  • Challan balance as per consolidated file downloaded from TRACES:

New column i.e. “Challan balance as per consolidated file” (No. 23 under “Challan” details) has been added in RPU which will reflect unutilized balance available in challan based on consolidated file downloaded from TRACES.

  • Incorporation of latest FVU Version 4.2 and 2.138.

 

The relevant RPU can be downloaded from the link below:

e-TDS-RPU 3.9

 

 

Tin-NSDL  has released the following new File Validation Utilities on April 26, 2014:

•           FVU version 4.2 – For Statements pertaining to FY 2010-11 onwards.

•           FVU version 2.138 – For Statements up to FY 2009-10.

These two FVU versions are mandatory with effect from April  26, 2014.

Key feature of new FVU versions

  • Nil challans in TDS/TCS Statements will be permitted with no deductee records for Form 24Q Q4: The validations with respect to Nil challan statements have been relaxed for Form 24Q Q4 for all financial years. Deductors will be permitted to submit Form 24Q Q4 for all Financial Years with NIL challans and no corresponding deductee records.
  • Validation for TDS amounts in case of higher deduction flag for Form 24Q pertaining to FY 2010-11 onwards: In case deductor has provided flag for higher rate of deduction i.e., “C” in the TDS statement Form 24Q, the TDS amount for such deductee records should not be less than 20% of the amount paid/credited. This validation is also applicable for correction statement wherein new records are added. The same will not apply for those correction statements where deductee records are being updated.
  • Validation for field “Form 15CA Unique Acknowledgement Number (if available)” in Annexure I of Form 27Q applicable for FY 2013-14 onwards: Validation for the field “Unique acknowledgement of the corresponding Form no 15CA (if available)” in Annexure I has been modified to permit any alpha-numeric value between 12 to 15 characters in the Form 27Q statement.

 

The relevant FVUs can be downloaded from the links below :

FVU 4-2

FVU 2.138

 

 

The Income Tax Department has extended the due date of filing of TDS/TCS Statements for the Q-2,3,4 of FY 2012-13 & Q-1,2,3 of FY 2013-14 for Govt Deductors and mapped to a valid AIN.

The relevant circular is reproduced here for ready reference:

Download (PDF, 25KB)

 

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).

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