- Validation for non-update of Deductee/Collectee records from Annexure I and Annexure ll in TDS/TCS correction statements when Form 26A/27BA has been generated.
- Deductee/Collectee against which Form 26A/27BA has been generated at Income Tax Department where update will not be allowed on certain fields in Annexure I of Form 24Q, 26Q and 27EQ while submitting correction statement.
The certain fields are as below:-
(1) PAN of Deductee/Collectee
(2) Amount of Payment/Credit
(3) Total tax Deducted (Tax + Surcharge + Education cess)
(4) Section code
- Deductee/Collectee against which Form 26A/27BA has been generated at Income Tax Department where update will not be allowed on certain fields in Annexure I of Form 24Q, 26Q and 27EQ while submitting correction statement.
- Deductee against which Form 26A/27BA has been generated at Income Tax
Department where no update or deletion of record will be allowed in Annexure ll of Form 24Q while submitting correction statement. - Such Deuctee/Collectee records will be present in the TDS/TCS consolidated file
with a flag value ‘F’ against the field ‘Mode’ as per specified file format. - This is applicable from Financial Year 2007-08 onwards.
- e-TDS/TCS correction statements received with the changes not desired as per
above, will be rejected at TDS CPC of Income Tax Department. - This version of FVU is applicable with effect from February 23, 2017.
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