File Validation Utility (FVU 3.8) Released – Major changes announced

The Income Tax Department through NSDL has released the latest File Validation Utility (FVU) Ver. 3.8 on 29/06/2013 which would be applicable from 01/07/2013. Both regular returns and correction statements will have to be validated through this new FVU.

There are a quite a few significant changes in the procedure of preparing the eTDS Returns from financial year 2013-14 which are summarized as under:

  • Provision has been for an alternate contact detail (email and phone no.) of the Deductor and its Responsible Person.
  • TAN Registration No. (if any) as provided by TIN may be quoted.
  • Section Code has been removed from Challan and shifted to Deductee / Collectee Details – this implies that one can now deposit TDS against different sections through one Challan instead of separate Challans for each Section.
  • Cheque detail is no more required in the Challan details.
  • Minor Head Code to be provided in Challan details – This code will differentiate between the payment against self-assessed TDS / TCS and demand raised by Income Tax authorities.
  • Introduction of Late Fee in Challans – As per the recently introduced Section 234E there is now a provision for Late Fee for delay in filing of TDS / TCS returns. Now the Challan will include the additional column for this Late Fee.
  • In Form 24Q (Salary Returns), a new Section 92C has been added which is for payment made to Union Government employees.
  • In Form 26Q (Non-Salary Returns), the existing Section 194I (Rent Payment) has been split into two sections 194I(a) and 194I(b).
  • For deductees wherein Lower Deduction / No Deduction are applicable, the Certificate No. now has to be entered in the Deductee details.
  • For certain specified payments to Scheduled Banks where tax is not to be deducted under Section 197A(1F), the same needs to be specified under Remarks in the Deductee Details.
  • In the annual salary details (Applicable in Form 24Q – Q4), now there is a provision for breakup of salary paid and tax deducted by the current employer and previous employers during the current financial year.
  • Further, in the annual salary details (Applicable in Form 24Q – Q4), records are to be highlighted whether tax has been deducted at a higher rate owing to the non-availability of PAN of the employee.
  • In Form 27Q (Non-Salary Foreign Remittances), new columns has been added in the Deductee details as under:
    1. Nature of remittance to be specified which is to be selected from a list as provided.
    2.  To specify if the TDS rate is as per Income Tax (IT) Act or as per Double Taxation Avoidance Agreement (DTAA).
    3. To provide details of the unique acknowledgement of the corresponding Form No. 15CA (if applicable) pertaining to the foreign remittance.
    4.  Country of Remittance to be selected from the list of countries as provided.
  • The system of cancelling a Regular Return (‘Y’ type Correction Statement) is being discontinued.

Issues pertaining FY:12-13 and earlier years

  • Introduction of Late Fee in Challans – As per the recently introduced Section 234E there is now a provision for Late Fee for delay in filing of TDS / TCS returns. Now the Challan will include the additional column for this Late Fee. This is also applicable for FY:12-13.
  • FVU Ver. 3.8 is applicable to FY: 2010-11 onwards only.

FVU (Ver. 2.134) released on 29/06/2013 – applicable for FY: 2007-08 to 2009-10

  • FVU (Ver. 2.134) is to be used for validation of Regular Returns and Correction Statements pertaining to financial years 2007-08, 2008-09 & 2009-10.
  • Now eTDS returns (including Corrections) for financial year 2006-07 and earlier years will not be acceptable.

Link to download – Key Features of FVU 2.134

New File Validation Utilities (FVU) released

The Income Tax Department has released the following new File Validation Utilities on 29thJune 2013 which would be applicable from 1st July 2013: 

  • FVU Ver. 3.8 – Applicable from FY: 2010-11 onwards
  • FVU Ver 2.134 – Applicable from FY: 2007-08 till FY: 2009-10 

Link to download – FVU 3.8

Link to download – FVU 2.134

Link to download – Key Features of FVU 3.8

Link to download – Key Features of FVU 2.134

One of the significant features is that now the Deductor / Employer will need to include payment of Late Fee under section 234E for delay in submission of TDS returns. If not paid with the regular return, it needs to be rectified by filing a Correction Statement.

Key features of FVU version 3.8

  • Change in data structure of quarterly TDS/TCS statement pertaining to FY 2013-14 onwards as below:
    • Alternate contact details like e-mail and contact no. of the deductor and responsible person may be provided.
    • Quoting of TAN registration no. (if any) as provided by TIN.
    • Minor head code is to be provided in challan details.
    •  Late fee is to be provided in challan details applicable from FY 2012-13 onwards.
    • No details to be provided for cheque no. and section code in the challan details.
    • Section code to be provided in deductee/collectee details.
    • Introduction of new section code Form no. 24Q: Section 92C has been added which is applicable in case payment is made to Union Govt. employees.
    • Section 194I has been bifurcated as below:
      • Select value 4IA from the section code drop down where tax has been deducted under section 194I (a)
      • Select value 4IB from the section code drop down where tax has been deducted under section 194I (b)
    • Lower/ No deduction certificate no. to be provided in the deductee details.
    • In the annual salary details (24Q, Q4 – Annexure II) break up to be provided for the salary paid and the tax deducted by the current employer and previous employer during the current Financial Year.
    • Introduction of fields for quoting foreign remittance details in Form no. 27Q as belowIntroduction of value “Z” in the field Remarks for lower or no deduction. Applicable in case of no deduction on account of payment under section 197A (1F).
      • Nature of remittance
      • Whether TDS rate of TDS is IT act (a) and DTAA (b)
      • Unique acknowledgement of the corresponding form no 15CA (if available)
      • Country to which remittance is made
    • Introduction of value “Z” in the field Remarks for lower or no deduction. Applicable in case of no deduction on account of payment under section 197A (1F).
    • In the annual salary details (24Q Q4 – Annexure II) records to be highlighted whether the tax has been deducted at higher rate.
  • Discontinuation of “Y” type of correction statement.
  • FVU version 3.8 is applicable w.e.f 01/07/2013.

Key features of FVU version 2.134

  • Addition of filler fields in:
    • Deductor details (BH record)
    • Challan details (CD record)
    • Deductee details (DD record)
    • Salary details (SD record). Applicable in case of 24Q, Q4.
  • Quarterly TDS/TCS statement (regular and correction) can be validated for statements pertaining to FY 2007-08 onwards.
  • Discontinuation of “Y” type of correction statement.
  • FVU version 2.134 is applicable w.e.f 01/07/2013.

e-TDS/TCS RPU 3.5 & FVU 3.8 (Ver.) for A.Y. 2014-15 applicable w.e.f. 01.07.2013.

TDS Deductors, New RPU 3.5 (Ver.) and New FVU 3.8 (Ver) for submission of TDS Quarterly Statement has been launched by TIN-NSDL for Asstt. Year 2014-15. This RPU and FVU is applicable w.e.f. 01.07.2013 with lot of amendments. In the below Key Features shows all these new amendments to clarify TDS/TCS Deductors difficulties. Therefore, TDS/TCS Deductor read carefully all these amendments features regarding filing of Quarterly Statement for Asstt. Year 2014-15. 

Key features of RPU 3.5

Addition/ deactivation of fields Change in quarterly TDS/TCS statement pertaining to FY 2013-14 onwards as below: Alternate contact details like e-mail and contact no. of the deductor and responsible person may be provided. Quoting of TAN registration no. (if any) as provided by TIN. Minor head code is to be provided in challan details for tax deposited through challan. Late fee is to be provided in challan details applicable from FY 2012-13 onwards. No details to be provided for cheque no. and section code in the challan details. Section code to be provided in deductee/collectee details. Introduction of new section code Form no. 24Q: Section 92C has been added which is applicable in case payment is made to Union Govt. employees. Section 194I has been bifurcated as below: Select value 4IA from the section code drop down where tax has been deducted under section 194I (a) Select value 4IB from the section code drop down where tax has been deducted under section 194I (b) Lower/ No deduction certificate no. to be provided in the deductee details. In the annual salary details (24Q, Q4 – Annexure II) break up to be provided for the salary paid and the tax deducted by the current employer and previous employer during the current Financial Year. Introduction of fields for quoting foreign remittance details in Form no. 27Q as below: Nature of remittance Whether TDS rate of TDS is IT act (a) and DTAA (b) Unique acknowledgement of the corresponding form no 15CA (if available) Country to which remittance is made Introduction of value “Z” in the field Remarks for lower or no deduction. Applicable in case of no deduction on account of payment under section 197A (1F). In the annual salary details (24Q Q4 – Annexure II) records to be highlighted whether the tax has been deducted at higher rate. Quarterly TDS/TCS statement (regular and correction) can be filed only for FY 2007-08 onwards. Discontinuation of “Y” type of correction statement. RPU version 3.5 is applicable w.e.f 01/07/2013.

Free Download New RPU 3.5 Ver. For Asstt. Year. (Click Here)

Key feature of FVU version 3.8

Change in data structure of quarterly TDS/TCS statement pertaining to FY 2013-14 onwards as below: Alternate contact details like e-mail and contact no. of the deductor and responsible person may be provided. Quoting of TAN registration no. (if any) as provided by TIN. Minor head code is to be provided in challan details. Late fee is to be provided in challan details applicable from FY 2012-13 onwards. No details to be provided for cheque no. and section code in the challan details. Section code to be provided in deductee/collectee details. Introduction of new section code Form no. 24Q: Section 92C has been added which is applicable in case payment is made to Union Govt. employees. Section 194I has been bifurcated as below: Select value 4IA from the section code drop down where tax has been deducted under section 194I (a) Select value 4IB from the section code drop down where tax has been deducted under section 194I (b) Lower/ No deduction certificate no. to be provided in the deductee details. In the annual salary details (24Q, Q4 – Annexure II) break up to be provided for the salary paid and the tax deducted by the current employer and previous employer during the current Financial Year. Introduction of fields for quoting foreign remittance details in Form no. 27Q as below Nature of remittance Whether TDS rate of TDS is IT act (a) and DTAA (b) Unique acknowledgement of the corresponding form no 15CA (if available) Country to which remittance is made Introduction of value “Z” in the field Remarks for lower or no deduction. Applicable in case of no deduction on account of payment under section 197A (1F). In the annual salary details (24Q Q4 – Annexure II) records to be highlighted whether the tax has been deducted at higher rate. Discontinuation of “Y” type ofcorrection statement. FVU version 3.8 is applicable w.e.f 01/07/2013.