The Income Tax Department has released the following new File Validation Utilities:
- FVU version 4.8 – For statement pertaining to FY 2010-11 onwards.
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.
- FVU version 2.144 – For statement pertaining to FY 2007-08 to FY 2009-10.
Key Features – File Validation Utility (FVU) version 2.144
- 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.
- This version of FVU will be applicable with effect from September 29, 2015.