Key Features -File Validation Utility (FVU) version 2.150

  • 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 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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