1. File Validation Utility (FVU) version 7.1 for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards

Key Features

1) Addition of new field under Annexure II of Form 24Q-Q4:-

  • New field “Whether opting for taxation u/s 115BAC [Yes/No]” is added under Annexure II (Salary details) for Form 24Q-Q4.
  • If value present under this field is ‘Yes’, then 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)]

  • If value present under this field is ‘No’, then all existing validations of Annexure II will be applicable.
  • 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’ in Form 27Q 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 F.Y. 2020-21 Q3 onwards.

3) This version of FVU is applicable with effect from April 2, 2021.

2. File Validation Utility (FVU) version 2.167 for quarterly e-TDS/TCS statement up to FY 2009-10

Key Features –

  • This version of FVU is applicable with effect from April 2, 2021.

3. e-TDS/TCS Return Preparation Utility Ver. 3.6 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08

Key Features

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 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 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 F.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.

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