Key Features – File Validation Utility (FVU) version 4.8

♣ Section code 192A:

In addition to Form no. 26Q, this section will also be applicable for Form no. 27Q where the date of payment to deductee is on or after 01/06/2015.

♣ Discontinuation of C9 Correction Statements:

As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Correction Statement(s) has been discontinued.

♣ Removal of nature of remittance (applicable only in case of Form no. 27Q): As directed by ITD, below mentioned nature of remittances has been removed from the list.

  • Commission
  • Payments to sports person & artists
  • Winning from horse races
  • Winning from lotteries, crossword puzzles, card games and other games of any sort

This version of FVU will be applicable with effect from September 29, 2015.

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