Key feature of FVU version 4.0
FVU for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards
• Change in validation of Section code 194LC:
o Section code 194LC will be applicable only for deductor category (as per the statement) “Company” and “Branch of Company”.
o This validation will apply for regular and correction statements.
• Incorporation of new section code 194LD: This Section code will be applicable for:
o Regular and correction statements pertaining to FY 2013-14 and onwards.
o Statement pertaining to Form no. 27Q.
• Nil challans/transfer vouchers with deductee record: Validation as below will be applicable:
o Nil challans/transfer vouchers need to mandatorily have deductee records.
o In deductee records, flag in the remarks for lower or non-deduction should be “A”, “B”, “Y”, “S”, “T” or “Z” (as applicable).
o This validation will apply for regular and correction statements.
• Last provisional receipt number to be quoted in regular TDS/TCS statements: Deductors are require to mandatorily quote the last accepted provisional receipt number of the regular quarterly TDS/TCS statement.
• Date of deposit of Non-nil Challan: Validation for Date of deposit of non-nil challan has been relaxed. This date can pertain to immediate previous financial year of the statement.
• FVU version 3.9 and 4.0 are applicable upto September 30, 2013. Further, FVU version 4.0 would be mandatory from October 01, 2013.
Download FVU 4.0 for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards
