Key features of FVU version 4.5

  • Incorporation of section 194LBA (Certain income from units of a business trust):
    • Section 194LBA is applicable for Form no. 26Q and 27Q
    • Section 194LBA is applicable for statements pertaining to Q3 of FY 2014-15 onwards
    • For resident deductees the TDS rate is 10% & for non resident deductees the rate is 5%
  • Incorporation of section 194DA (Payment in respect of life insurance policy):
    • Section 194DA is applicable for Form no. 26Q only
    • Section 194DA is applicable for statements pertaining to Q3 of FY 2014-15 onwards
    • TDS rate for this section is 2%

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