TDSMAN Blog

Smart & Easy TDS Software for Preparing TDS Returns

TDSMAN Blog - Smart & Easy TDS Software for Preparing TDS Returns

Key features of FVU version 2.135

  • Change in validation of quarterly TDS/TCS statement wherein “Book entry flag” should not be provided in the challan details in case of nil challan\nil transfer voucher.
  • Change in name of the field of as below:
    • In the deductee details (Form 27Q – Annexure I), name of the field “Country to which Remittance made” has been changed to “Country of Residence of the Deductee”.
    • In the deductee details (Form 24Q – Annexure I), name of the field “Taxable amount of which tax deducted” has been changed to “Amount paid/Credited”.
  • FVU Version 2.134 and 2.135 are applicable upto August 31, 2013. Further, FVU Version 2.135 would be mandatory from September 01, 2013.
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Key features of FVU version 3.9

  • Change in validation of quarterly TDS/TCS statements are as below:
    • Book entry flag should not be provided in the challan details for nil challan/nil transfer voucher for all the financial years.
    • In the salary details (Form 24Q Q4 – Annexure II), if PAN provided is invalid (i.e. PANNOTAVBL, PANAPPLIED & PANINVALID), then the flag in the column “Whether tax deducted at higher rate” mandatorily needs to be “Yes” for TDS statements pertaining to FY 2013-14 onwards.
    • Mandatory to mention at deductee details “Country of Residence of the deductee” in TDS statement (Form no. 27Q only – Regular and Correction) pertaining to FY 2013-14 onwards.
  • Change in name of the field of as below:
    • In the deductee details (Form 27Q – Annexure I), name of the field “Country to which Remittance made” has been changed to “Country of Residence of the Deductee”.
    • In the deductee details (Form 24Q – Annexure I), name of the field “Taxable amount of which tax deducted” has been changed to “Amount paid/Credited”.
  • FVU version 3.8 and 3.9 are applicable upto August 31, 2013. Further, FVU version 3.9 would be mandatory from September 01, 2013.
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New File Validation Utilities (FVU 3.9 and FVU 2.135) released by NSDL

The Income Tax Department has released the following new File Validation Utilities on 12 August 2013 which would be mandatory from September 01, 2013:

FVU version 2.135 up to FY 2009-10.
FVU version 3.9 for FY 2010-11 and onwards.

FVU version 3.8 and FVU Version 2.134 are applicable upto August 31, 2013.

Click here to view the key features of FVU version 3.9

Click here to view the key features of FVU version 2.135

TDSMAN would be updated for the new FVU versions and would be released much before the end of August. Meanwhile, the earlier versions (FVU 3.8 and FVU 2.134) are still applicable for preparing and filing returns.

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