TDSMAN Blog

Smart & Easy TDS Software for Preparing TDS Returns

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

CPC (TDS) reminder to Deductors for Closure of Taxpayer Grievance Tickets in their Inboxes

Date of communication: 20/08/2016

Dear Deductor,(TAN:XXXXXXXXXXXX)

The Centralized Processing Cell (TDS) has provided an integrated platform for taxpayers, deductors & assessing officer. The objective of the functionality is to provide the taxpaying citizen to report missing TDS credits in their 26AS account directly to the deductors and assessing officers for its quick resolution.

As a key stakeholder to TDS administration, the onus to provide resolution to the aggrieved taxpayer, lies with the Tax Deductor in case of anyissue regarding Tax Credits in 26AS or timely issuance of correct & valid TDS Certificates. Deductors are advised to constantly monitor the tickets raised by their deductees (taxpayers) to address their grievances at the earliest.

It has been observed that tickets raised by the Taxpayers are pending with you for closure and the details are as follows:

Ticket Number PAN TAN Ticket Creation Date Aging

Attention: For closure of the above ticket(s) , you are requested to Login to TRACES , Navigate to “Communications” menu and view the tickets as follows:

communication_imginbox

communication_imgopenticket

communication_imgcomments

You may file correction statement/original statement, as the case may be, to ensure complete and correct reporting in respect of aggrieved taxpayers. In case, you have not entered into any transaction with the concerned taxpayer, you may report the same in the “provide clarification” column. Your co-operation with respect to the above will be highly appreciated. CPC (TDS) will be glad to provide you any assistance in closure of tickets and you can write to Contactus@tdscpc.gov.in or call our toll-free number 1800 103 0344.

CPC (TDS) is committed to provide best possible services to you.

CPC (TDS) TEAM

 Source: TRACES

facebooktwittergoogle_plusredditpinterestlinkedinmail

FVU 5.2 & FVU 2.148 released by NSDL

The Income Tax Department has released today (17th September, 2016), the following new File Validation Utilities:

  • FVU version 5.2 – For statement pertaining to FY 2010-11 onwards
  • FVU version 2.148 – For statement up to FY 2009-10

Click here to view the key features of FVU version 5.2

Click here to view the key features of FVU version 2.148

TDSMAN will incorporate new FVU versions and will be released latest by 20th September, 2016.

facebooktwittergoogle_plusredditpinterestlinkedinmail

Key Features – File Validation Utility (FVU) version 2.148

  • Changes in Form 27A generated from File Validation Utility.

The Quarter of the statement is made available in Form 27A as generated from FVU.

Example: if the statement is validated from FVU pertaining to FY 2016-17 of the second quarter (i.e. July 1, 2016 to September 30, 2016), in such case, Form 27A will have the following statement ‘Form for furnishing information with the statement of Deduction / collection of tax at source (tick whichever is applicable) filed on computer media for the period Q2’

  • This version of FVU is applicable with effect from September 17, 2016.
facebooktwittergoogle_plusredditpinterestlinkedinmail

Key Features – File Validation Utility (FVU) version 5.2

  • Addition of new fields for Form 24Q-Q4 under Annexure ll (i.e. salary details) as below:
  1. Aggregate rent payment exceeds rupees one lakh during the previous year:

– The above is applicable for regular as well as correction statements pertaining to FY 2016-17 onwards.

– If the rent payment exceeds rupees one lakh, in such case, flag value ‘Yes’ is to be mentioned under the above referred field, else flag value ‘No’ is to be mentioned.

– If the flag value is ‘Yes’, in such case, PAN and Name of the landlord is to be mandatorily mentioned. The details (i.e. PAN and Name) of maximum to four landlords can be mentioned.

  1. Deduction of interest under the head ‘Income from house property’ (which is paid to the lender):

– The above is applicable for regular as well as correction statements pertaining to FY 2016-17 onwards.

– If the interest is paid to the lender, in such case, flag value ‘Yes’ is to be mentioned under the above referred field, else flag value ‘No’ is to be mentioned.

– If the flag value is ‘Yes’, in such case, PAN and Name of the lender is to be mandatorily mentioned. The details (i.e. PAN and Name) of maximum to four lenders can be mentioned.

  1. Deduction of tax from contributions paid by the trustees of an approved superannuation fund:

– The above is applicable for regular as well as correction statements pertaining to FY 2013-14 onwards.

– If the contribution is paid by the trustee, in such case, flag value ‘Yes’ is to be mentioned under the above referred field, else flag value ‘No’ is to be mentioned.

– If the flag value is ‘Yes’, in such case, below fields are applicable and values in all these fields is to be mandatorily mentioned.

o Name of the superannuation fund

o Date from which the employee has contributed to the superannuation fund

o Date to which the employee has contributed to the superannuation fund

o The amount of contribution repaid on account of principal and interest

o The average rate of deduction of tax during the preceding three years

o The amount of tax deducted on repayment

o Gross total income including contribution repaid on account of principal and interest from superannuation fund.

  • Addition of new fields for Form 27Q under Annexure l (i.e. deductee details) as below:
  1. The following new fields have been incorporated:
  • Email ID of the deductee
  • Contact number of deductee
  • Address of deductee in country of residence
  • Tax Identification Number/ Unique Identification Number of deductee
  1. The above is applicable for regular as well as correction statements pertaining to FY 2016-17 onwards.
  2. The values in all the above new fields will be mandatory, if all the below conditions are fulfilled else the values in these fields are optional.
  • Value in the field no. 10 i.e. “PAN of the deductee” from deductee details record is PANINVALID or PANAPPLIED or PANNOTAVBL and
  • Value in the field no. 26 i.e. “Rate at which Tax Deducted” from deductee
  • details record is less than 20% and
  • Value in the field no. 30 i.e. “Remarks 1” from deductee details record is “C”
  • Changes in Form 27A generated from File Validation Utility.

The Quarter of the statement is made available in Form 27A as generated from FVU.

Example: if the statement is validated from FVU pertaining to FY 2016-17 of the second quarter (i.e. July 1, 2016 to September 30, 2016), in such case, Form 27A will have the following statement ‘Form for furnishing information with the statement of Deduction / collection of tax at source (tick whichever is applicable) filed on computer media for the period Q2’

  • This version of FVU is applicable with effect from September 17, 2016.
facebooktwittergoogle_plusredditpinterestlinkedinmail
  • RSS
  • Facebook

Subscribe to get Latest Updates


Save your time and get all new posts and updates delivered to you in your Mailbox