e-TDS/TCS RPU (version 3.1) for statements from FY 2007-08

e-TDS/TCS Return Preparation Utility Ver. 3.1 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08

Key Features – Return Preparation Utility (RPU) version 3.1

1. Addition of new column in Form 26Q & 27Q

New column “Amount of cash withdrawal in excess of Rs. 1 crore as referred to in section 194N” is added under Annexure I (Deductee details) in Form 26Q and 27Q.
Newly added column will be applicable for statements pertains to FY 2019-20 and quarter 2 onwards.

2. Addition of new remark value as “N” for Section code “194N”

New remark value as “N” is added under dropdown list of “Remarks (Reason for non-deduction/lower deduction/higher deduction/threshold)” for Section 194N.
Description of newly added remark value would be “No deduction on account of payment made to a person referred to in clause (iii) or clause (iv) of the provision to section 194N or on account of notification issued under clause (v) of the proviso to section 194N”.
Newly added dropdown value will be applicable only for below scenario:
- Form is 26Q or 27Q
- Section “194N” is selected
- Financial year 2019-20 and quarter 2 onwards selected
- TDS amount is zero
This version of RPU is applicable with effect from February 28, 2020.