e-TDS TCS RPU Version 3.5, FVU 2.166 & FUV 7.0 wef 01.01.2020

A. e-TDS/TCS RPU version 3.5 for Statement(s) from FY 2007-08 onwards is released (01/01/2021).

Key Features – Return Preparation Utility (RPU) version 3.5

1. Addition of Section code 1940 for Form 26Q:-

• 1940 – TDS on e-Commerce transactions

This section will be applicable for regular and correction statements pertaining to FY 2020-21 for quarter 3 onwards.

2. Addition of Section codes 206C-0, 206C-P, 206C-Q and 206C-R for Form 27EQ:-

• 206C-0 – Collection at source on remittance under LRS for purchase of overseas tour program package
• 206C-P – Collection at source on remittance under LRS for educational loan taken from financial institution mentioned in section 80E
• 206C-Q – Collection at source on remittance under LRS for purpose other than for purchase of overseas tour package or for educational loan taken from financial institution
• 206C-R – Collection at source on sale of goods

These sections will be applicable for regular and correction statements pertaining to FY 2020-21 for quarter 3 onwards.

3. Addition of three new columns for Form 27EQ

New columns “Whether the payment by collectee is liable to TDS as per clause (a) of the fifth proviso to sub-section (1G) or second proviso to sub-section (1H) and whether TDS has been deducted from such payment (if either “F” or “G”” selected in 680)”

AND

“Challan Number”

AND

“Date of payment of TDS to Central Government” will be added under Annexure I (Deductee details)

The above will be applicable for regular and correction statements pertaining to FY 2020­21 for quarter 3 onwards.

4. Addition of new remark value ‘IV for section code 206CQ of Form 27EQ

• D – “No collection is on account of the first proviso to sub-section (1G) of section 206C”

The above will be applicable for regular and correction statements pertaining to FY 2020-21

5. Addition of new remark value ‘E’ for section code ‘206C0’, ‘206CP’ and ‘206CQ’ of Form 27EQ

• E – “No collection is on account of the fourth proviso to sub-section (1G) of section 206C”

The above will be applicable for regular and correction statements pertaining to FY 2020-21

6. Addition of new remark value ‘F’ for section code ‘206C0’, ‘206CP’ and ‘206CQ’ of Form 27EQ

• F – “No collection is on account clause (i) or clause (ii) of the fifth proviso to sub-section (1G) or in view of notification issued under the clause (ii)”

The above will be applicable for regular and correction statements pertaining to FY 2020-21.

7. Addition of new remark value ‘G’ for section code 206CR of Form 27EQ

• G – “No collection is on account of the second proviso to sub-section (IH) of section 206C“

The above will be applicable for regular and correction statements pertaining to FY 2020-21

8. Addition of new remark value ‘H’ for section code 206CR of Form 27EQ

• H – “No collection is on account of sub-clause (A) or sub-clause (B) or sub-clause (C), or in view of notification issued under sub-clause (c), of clause (a) of the Explanation”

The above will be applicable for regular and correction statements pertaining to FY 2020-21.

9. Merger of Union territories “Dadra & Nagar Haveli” and “Diu Daman”

Union Territories of “Dadra & Nagar Haveli” and “Daman and Diu” have been merged with name “Dadra and Nagar Haveli and Daman and Diu”.

Incorporation of latest File Validation Utility (FVU) version 7.0 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.166 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).

This version of RPU is applicable with effect from January 2, 2021

Download e-TDS/TCS Return Preparation Utility Ver. 3.5 for Regular & Correction Statement(s) from FY 2007-08 onwards.

B. TDS/TCS File validation utility (FVU) versions 2.166 for FY 2007-08 to FY 2009-10  are released (01/01/2021).

Key Features — File Validation Utility (FVU) version 2.166

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

Download e-TDS/TCS FVU.exe (Version 2.166) 

C. TDS/TCS File validation utility (FVU) versions 7.0 for FY 2010-11 onwards are released (01/01/2021).

Key Features — File Validation Utility (FVU) version 7.0

1. Addition of Section code 1940 for Form 26Q:-

• 1940 – TDS on e-Commerce transactions

This section will be applicable for regular and correction statements pertaining to FY 2020-21 for quarter 3 onwards.

2. Addition of Section codes 206C-0, 206C-P, 206C-Q and 206C-R for Form 27EQ:-

• 206C-0 – Collection at source on remittance under LRS for purchase of overseas tour program package
• 206C-P – Collection at source on remittance under LRS for educational loan taken from financial institution mentioned in section 80E
• 206C-Q – Collection at source on remittance under LRS for purpose other than for purchase of overseas tour package or for educational loan taken from financial institution
• 206C-R – Collection at source on sale of goods

These sections will be applicable for regular and correction statements pertaining to FY 2020-21 for quarter 3 onwards.

3. Addition of three new columns for Form 27EQ

New columns “Whether the payment by collectee is liable to TDS as per clause (a) of the fifth proviso to sub-section (1G) or second proviso to sub-section (1H) and whether TDS has been deducted from such payment (if either “F” or “G”” selected in 680)”

AND

“Challan Number”

AND

“Date of payment of TDS to Central Government” will be added under Annexure I (Deductee details)

The above will be applicable for regular and correction statements pertaining to FY 2020­21 for quarter 3 onwards.

4. Addition of new remark value ‘IV for section code 206CQ of Form 27EQ

• D – “No collection is on account of the first proviso to sub-section (1G) of section 206C”

The above will be applicable for regular and correction statements pertaining to FY 2020-21

5. Addition of new remark value ‘E’ for section code ‘206C0’, ‘206CP’ and ‘206CQ’ of Form 27EQ

• E – “No collection is on account of the fourth proviso to sub-section (1G) of section 206C”

The above will be applicable for regular and correction statements pertaining to FY 2020-21

6. Addition of new remark value ‘F’ for section code ‘206C0’, ‘206CP’ and ‘206CQ’ of Form 27EQ

• F – “No collection is on account clause (i) or clause (ii) of the fifth proviso to sub-section (1G) or in view of notification issued under the clause (ii)”

The above will be applicable for regular and correction statements pertaining to FY 2020-21

7. Addition of new remark value ‘G’ for section code 206CR of Form 27EQ

• G – “No collection is on account of the second proviso to sub-section (IH) of section 206C”

The above will be applicable for regular and correction statements pertaining to FY 2020-21

8. Addition of new remark value ‘H’ for section code 206CR of Form 27EQ

• H – “No collection is on account of sub-clause (A) or sub-clause (B) or sub-clause (C), or in view of notification issued under sub-clause (c), of clause (a) of the Explanation”

The above will be applicable for regular and correction statements pertaining to FY 2020-21

9. Merger of Union territories “Dadra & Nagar Haveli” and “Diu Daman”

Union Territories of “Dadra & Nagar Haveli” and “Daman and Diu” have been merged with name “Dadra and Nagar Haveli and Daman and Diu”.

This version of FVU is applicable with effect from January 2, 2021

Download e-TDS/TCS FVU.exe (Version 7.0)

(Republished with Amendments)