e Validation Utility (FVU) version 2.138 (for statements pertaining to FY 2007-08 to FY 2009-10) and FVU version 4.2 (for statements pertaining to FY 2010-11 onwards) are available for download from TIN website and the same is mandatory with effect from April 26, 2014.    

e-TDS/TCS RPU (Version 3.9) for Statements from FY 2007-08 is available for download from TIN website (applicable from April 26, 2014).    

Key feature of FVU version 4.2 – FVU for quarterly e-TDS/TCS statement up to FY 2009-10

Nil challans in TDS/TCS Statements will be permitted with no deductee records for Form 24Q Q4:

The validations with respect to Nil challan statements have been relaxed for Form 24Q Q4 for all financial years. Deductors will be permitted to submit Form 24Q Q4 for all Financial Years with NIL challans and no corresponding deductee records.

Validation for TDS amounts in case of higher deduction flag for Form 24Q pertaining to FY 2010-11 onwards:

In case deductor has provided flag for higher rate of deduction i.e., “C” in the TDS statement Form 24Q, the TDS amount for such deductee records should not be less than 20% of the amount paid/credited. This validation is also applicable for correction statement wherein new records are added. The same will not apply for those correction statements where deductee records are being updated.

Example: In case the deductor has provided higher deduction flag as “C” due to non-availability of PAN and the amount paid/credited is `10,000/-, the corresponding TDS amount deducted for this record should not be less than Rs. 2,000/ (20% of Rs. 10,000).

Validation for field “Form 15CA Unique Acknowledgement Number (if available)” in Annexure I of Form 27Q applicable for FY 2013-14 onwards:

Validation for the field “Unique acknowledgement of the corresponding Form no 15CA (if available)” in Annexure I has been modified to permit any alpha-numeric value between 12 to 15 characters in the Form 27Q statement.

Applicability of FVU version:

From April 26, 2014, FVU version 4.2 would be mandatory for statements pertain to FY 2010-11 onwards.

Download e-TDS/TCS FVU.exe (Version 4.2) (applicable from April 26, 2014)

Key feature of FVU version 2.138 –  Mandatory for statements pertain to FY 2007-08 to FY 2009-10.

Nil challans in TDS/TCS Statements will be permitted with no deductee records for Form 24Q Q4:

The validations with respect to Nil challan statements have been relaxed for Form 24Q Q4 for all financial years. Deductors will be permitted to submit Form 24Q Q4 for all Financial Years with NIL challans and no corresponding deductee records.

Applicability of FVU version:

From April 26, 2014, FVU version 2.138 would be mandatory for statements pertain to FY 2007-08 to FY 2009-10.

Download e-TDS/TCS FVU.exe (Version 2.138) (applicable from April 26, 2014)

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Category : Income Tax (25347)
Type : News (12701)
Tags : tcs (183) TDS (907)

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