This is to inform you that NSDL has developed a new RPU version 3.6 which can be freely downloadable from NSDL’s website. The same utility can be used to prepare regular as well as correction e-TDS/TCS statements for Quarter 4. As Per CBDT notification No. 15/2021 dated 11th March 2021, NSDL added a new feature in this utility for Form 24Q-Q4 statement under annexure II (salary details) as mentioned below.
New column “Whether opting for taxation u/s 115BAC [Yes/No]” is added under Annexure II (Salary details) for Form 24Q-Q4 .So while filing the e-TDS Statement, the deductor need to raise either Y flag if deductee choose new tax regime or raise N flag if deductee choose old tax regime.
If user selects ‘Yes’, below mentioned deductions will not be allowed under Annexure II.
- Deductions under section 16.
- Deductions under Chapter VI-A (except for deduction under 80CCD(2)).
- Travel concession or assistance [section 10(5)].
- House Rent Allowance [Section 10(13A)].
- Values in newly added field will be allowed only when financial year of statement is 2020-21 and Quarter 4 onwards is selected. For all the prior Financial Years and Quarters, this field is not applicable.
Key Features – Return Preparation Utility (RPU) version 3.6
1) Addition of new column for Form 24Q-Q4:-
♦ New column “Whether opting for taxation u/s 115BAC [Yes/No]” is added under Annexure II (Salary details) for Form 24Q-Q4.
♦ If user selects ‘Yes’, below mentioned deductions will not be allowed under Annexure II
-
- Deductions under section 16
- Deductions under Chapter VI-A (except for dedeuction under 80CCD(2))
- Travel concession or assistance [section 10(5)]
- House Rent Allowance [Section 10(13A)]
♦ Values in newly added field will be allowed only when financial year of statement is 2020-21 and Quarter 4 onwards is selected. For rest all prior FYs and quarters, this field is not applicable.
♦ Same will be applicable for regular as well as correction statements.
2) Addition of validation in form 27Q:-
♦ If “Dividend” is present in field Nature of Remittances then Fields in the form 27Q i.e. ‘Email ID of deductee’, ‘Contact Number of the deductee’, ‘Address of deductee in country of residence’ & ‘Tax identification number / Unique identification number’ are mandatory only in case of below conditions are satisfied:
-
- If rate of deduction is less than 20%
- Remark value as ‘C’
- PAN of the deductee is not available (i.e. ‘PANNOTAVBL’, ‘PANAPPLIED’ or ‘PANINVALID’)
- Value under field no. 36 (i.e. Nature of remittances) is Interest payment, Royalty, Fees for technical services/ fees for included services, short term capital gains or Long term capital gains and Dividend
♦ Same will be applicable for regular as well as correction (C3 correction) statements pertaining to Y. 2020-21 Q3 onwards.
Incorporation of latest File Validation Utility (FVU) version 7.1 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.167 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).
This version of RPU is applicable with effect from April 2, 2021.
