FVU version 3.1 and 2.130 released by NSDL having Amended file format and applicable to e-TDS/TCS statement pertaining to FY 2010-11 and onwards

Key features of File Validation Utility (FVU) version 3.1

• FVU 3.1 will be applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards and will be mandatory w.e.f April 01, 2011.
• Mandatory to quote Mobile No. in quarterly TDS/TCS statements for deductor category other than Central govt. and State Govt.
• Re-introduction of PAN reference no. field in deductee/ collectee details.
  • Provision to quote the deduction under section 80CCF in salary details (applicable for 24Q Q4).
• Total deduction under chapter VI A to include:
  o Deduction under section 80CCE
  o Deduction under section 80CCF
  o Deduction under other sections of chapter VI A
• ‘Surcharge’ amount in salary details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
• ‘Education cess’ amount in salary details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
• ‘Net Income tax payable’ amount in salary details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
• Highlight transaction where tax has not been deducted as threshold limit is not exceeded (as per the provisions of Income Tax Act). in the first quarter (s) but in subsequent quarter has exceeded the threshold limit.
• Guidelines for reporting such transactions is given at the link given below:-:

  Guidelines for reporting TDS transactions where amount paid to deductee has not exceeded the threshold limit in the first quarter but in subsequent quarters has exceeded threshold limit (as issued by the Directorate of Income Tax – Systems)

• For validating e-TDS/TCS statement (regular and correction) for FY 2010-11 and onwards refer the table below:

FVU version of  e-TDS/TCS Regular statement  submitted

Key features of File Validation Utility (FVU) version 2.130

• Applicable for quarterly e-TDS/TCS statement (regular and correction) upto F.Y. 2009-10
• Rupee symbol incorporated for amount fields in FVU statement statistic report.
• For validating e-TDS/TCS statement upto FY 2009-10 refer the table below:

FVU for quarterly e-TDS/TCS statement pertaining to FY 2010-11

• e-TDS/TCS FVU.exe (Version 3.1) New features/Validation
• e-TDS/TCS FVU.exe (Version 3.0)

FVU for quarterly e-TDS/TCS statement up to FY 2009-10

• e-TDS/TCS FVU.exe (Version 2.130) New features/Validation
• e-TDS/TCS FVU.exe (Version 2.129)

Instructions for extracting the files are given in:

• e-TDS FVU Extract

Extraction of e-TDS/TCS FVU:

1. To extract these files, double-click on ‘e-TDS FVU.exe’.
2. A ‘WinZip Self-Extractor – e-TDS FVU.exe’ will open.
3. By default, the path selected for extraction of the three files will be ‘C:e-TDS FVU’.
4. The files can also be extracted in any other location (other than C:e-TDS FVU). In that case, the appropriate path has to be defined by clicking the ‘Browse’ button where the three files should be extracted.
5. Thereafter, click on ‘Unzip’ button.
6. On clicking the ‘Unzip’ button, the three files mentioned above will get extracted to the specified path (i.e. in folder ‘C: e-TDS FVU’ by default or at the specified path).

Installation of e-TDS/TCS FVU:

The e-TDS/TCS FVU can be setup as per the procedure mentioned in the ‘e-TDS FVU Readme.rtf’ file (one of the three files extracted).

Running the FVU:

The procedure to run FVU is given in the Readme button on the window opened by clicking e-TDS/TCS FVU icon.