Key Features of New TDS / TCS Return Preparation / File Validation Utility

Key Features — Return Preparation Utility (RPU) version 2.3

♥ A new column for ‘Deduction under Section 16 (ia)’ is added under Annexure II (i.e. Salary details) for Form 24Q-Q4

• The above referred deduction is applicable for Regular and Correction statements for Form 24Q-Q4.
• Deduction under Section 16 (ia) will be applicable for statements pertaining to F.Y. 2018-19 onwards.

♥ Introduction of new remark code for Form 26Q

• A new remark code “R” is introduced under field “Remarks” in Annexure I (i.e. deductee details) for deduction on interest income for Senior Citizens.
• This will be applicable only for section code 194A (i.e. interest other than interest on securities).

• Same will be applicable for Regular and Correction statements pertaining to Form 26Q from F.Y. 2018-19 onwards.

♥ Incorporation of latest File Validation Utility (FVU) version 5.8 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.3 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).

♥ This version of FVU is applicable with effect from June 29, 2018.

Download e-TDS/TCS Return Preparation Utility Ver. 2.3 for Regular & Correction Statement(s) from FY 2007-08 onwards.

Key Features — File Validation Utility (FVU) version 5.8

♥ A new column for “Deduction under Section 16 (ia)” is added under Annexure II (i.e. Salary details) for Form 24Q-Q4

• The above referred deduction is applicable for Regular and Correction statements for Form 24Q-Q4.
• Deduction under Section 16 (ia) will be applicable for statements pertaining to F.Y. 2018-19 onwards.

♥ Introduction of new remark code for Form 26Q

• A new remark code “R” is introduced under field “Remarks” in Annexure I
  (i.e. deductee details) for deduction on interest income for Senior Citizens.
• This will be applicable only for section code 194A (i.e. interest other than interest on securities).
• Same will be applicable for Regular and Correction statements pertaining to Form 26Q from F.Y. 2018-19 onwards.

♥ This version of FVU is applicable with effect from June 29, 2018.

Download e-TDS/TCS FVU.exe (Version 5.8)