Category Archives: TCS certificates

Discontinuation of Nil returns in TDS returns

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Deductors will not be able to file nil-returns after new File Validation Utilities (FVU 4.0 & FVU 2.136) are made applicable. This is because it is clearly stated in the… Read more »

FVU 4.0 and FVU 2.136 released by NSDL

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The Income Tax Department has released the following new File Validation Utilities on 26 September, 2013 which would be mandatory from October 01, 2013: FVU version 4.0 – For Statements… Read more »

Key features of FVU version 4.0

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Change in validation of Section code 194LC: Section code 194LC will be applicable only for deductor category (as per the statement) Company and Branch of Company. This validation will apply… Read more »

Key features of FVU version 2.136

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Nil challans/transfer vouchers with deductee record: Validation as below is applicable: Nil challans/transfer vouchers need to mandatorily have deductee records. In deductee records, flag in the remarks for lower or non-deduction… Read more »