The Income Tax Department has released the following new File Validation Utilities on 2nd January, 2014:

• FVU version 4.1 – For Statements pertaining to FY 2010-11 onwards.

• FVU version 2.137 – For Statements upto FY 2009-10.

These two FVU versions are mandatory with effect from January 01, 2014. FVU version 4.0 and FVU Version 2.136 are applicable upto January 03, 2014.

Key feature of FVU version 4.1

Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values.
Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q3 of FY 2013-14, then the date of deduction should not be lower than 01/10/2013.
Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.
Applicability of FVU version: FVU version 4.0 is applicable upto December 31, 2013 and from January 01, 2014 FVU version 4.1 would be mandatory.

Key feature of FVU version 2.137

Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values.
Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q2 of FY 2009-10, then the date of deduction should not be lower than 01/10/2009.
Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.
Applicability of FVU version: FVU version 2.136 and 2.137 are applicable upto December 31, 2013 and from January 01, 2014 it would be mandatory to validate the TDS/TCS statements using FVU version 2.137.