It is proposed to release new version of NSDL Return Preparation Utility (RPU) and File Validation Utility (FVU) incorporating the below features:

Features of NSDL RPU

  • Allow update in field in Form no. 27Q ‘Whether TDS rate of TDS is IT act (a) and DTAA (b)’ where the tax has been deducted at higher rate.
  • Incorporation section code:

o   “194LBA” & “194DA” have been added for below forms which will be applicable for a statement pertaining to FY 2014-15 & Q3 onwards.

o   Section code 194LBA will be applicable for Form 26Q and 27Q.

o   Section code 194DA will be applicable only for Form 26Q.

o   For section code “194LBA”, select “4BA” from the dropdown of section code column in Annexure I sheet.

o   For section code “194DA”, select “4DA” from the dropdown of section code column in Annexure I sheet.

  • Latest FVU versions incorporating latest validations.

Features of FVU

  • Incorporation section code“194LBA” & “194DA” for Form 26Q
  • The said section codes will be applicable for TDS statement pertaining to FY 2014-15 (Q3 onwards).

Utilities incorporating the above features will be available for download at TIN website (www.tin-nsdl.com) from download section on December 20, 2014.

More Under Income Tax

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Category : Income Tax (25361)
Type : Featured (4126) News (12705)
Tags : nsdl (111) tcs (183) TDS (908) tin nsdl (48)

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