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Smart & Easy TDS Software for Preparing TDS Returns

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TDSMAN updated with FVU ver. 5.4 & FVU ver. 2.150

TDSMAN has been updated for the following newly released File Validation Utilities:
FVU ver. 5.4 – For statement pertaining to FY 2010-11 onwards
FVU ver. 2.150 – For statement up to FY 2009-10

Please click on “Update Software” in “Utilities” menu to update software and FVU ver. 5.4 & FVU ver. 2.150 utilities.

Click here to view the key features of FVU ver. 5.4
Click here to view the key features of FVU ver. 2.150

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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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Key Features – File Validation Utility (FVU) version 5.4

  • Validation for “PAN of Landlord” field has been revised for form 24Q-Q4 under Annexure II (i.e. Salary details) from F.Y. 2016-17 onwards.

Existing Validation of structurally valid PAN (for field no. 41, 43, 45 and 47 as per data structure) has been relaxed. These fields may contain any value from the below mentioned when the landlord does not have PAN.
1. GOVERNMENT : This is applicable when landlords are Government organizations (i.e. Central or State).
2. NONRESDENT : This is applicable when the landlords are Non-Residents.
3. OTHERVALUE : This is applicable when the landlords are other than Government organization and Non-Residents.

  • 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.
  • Incorporation of latest File Validation Utility (FVU) version 5.4 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.150 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).
  • This version of FVU is applicable with effect from February 23, 2017.

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NSDL Email – Last date of TCS Returns

This post is NULLIFIED – based on the rejoinder email of NSDL (tin_returns@nsdl.co.in) dated 19th July, 2016 which can be accessed as under:

http://blog.tdsman.com/2016/07/rejoinder-email-dated-19th-july-2016-change-tcs-return-filing-dates/

After the release of the new File Validation Utility (FVU Ver 5.1 & FVU Ver. 2.147) on  28th June 2016, NSDL (tin_returns@nsdl.co.in), through an email has informed Tax Deductors / Collectors about this release.

Apart from explaining the key features of the new release, it has mentioned that the due date for filing Quarterly TDS/TCS statement for Q1 (April to June) of FY 2016-17 is July 31, 2016 for all categories of Deductors / Collectors.

It clears the doubt on the due date for TCS Returns which has been also revised similar to TDS Returns (there had been confusion over the CBDT Notification dated 29th April 2016).

Based on this email from NSDL, the due dates for TDS / TCS Return filing from FY: 2016-17 onwards is summarized as under:

Q1 (Apr – Jun)   :               31st July
Q2 (Jul – Sep)    :               31st October
Q3 (Oct – Dec)   :               31st January
Q4 (Jan – Mar)  :               31st May

Note: The above is based on NSDL’s email and no official notification / clarification has been issued by CBDT.

The text of NSDL’s email is as under:

 

From: tin_returns@nsdl.co.in [mailto:tin_returns@nsdl.co.in]
Sent: 28 June, 2016 4:00 PM
To: info@pdsinfotech.com
Subject: Intimation about the release of new TDS/TCS RPU and FVU versions at NSDL e-Gov.

 

Dear Deductor/Collector,

This is to inform you that due date for filing Quarterly TDS/TCS statement for Q1(April to June) of FY 2016-17 is July 31, 2016 for all the categories of Deductors/Collectors. Do submit quarterly TDS/TCS statement on or before due date to avoid late filing fee under section 234E of Income Tax Act.

In order to locate the nearest TIN Facilitation Centers (TIN-FC) for furnishing of quarterly TDS/TCS statement(s), please click here https://www.tin-nsdl.com/tin-facilities.php

New versions of e-TDS/TCS Return Preparation Utility (RPU) and File Validation Utilities (FVUs) have been made available at TIN website applicable from June28, 2016 at the following URL https://www.tin-nsdl.com/etds-etcs/eTDS-download-regular.php. These RPU and FVUs are freely downloadable utilities and can be used for preparation of e-TDS/TCS statement(s) pertains to Financial Year 2007-08 onwards.

  • RPU Version 1.6 (Java based): This is used for preparing and validating e-TDS/TCS Statement(s) and also contains inbuilt FVUs.
  • FVU Version 5.1 : Applicable for quarterly e-TDS/TCS Statement(s) pertaining to FY 2010-11 onwards.
  • FVU Version 2.147 : Applicable for quarterly e-TDS/TCS Statement(s) from FY 2007-08 upto FY 2009-10.

Key features of new version of RPU and FVUs are as given below:-

  1. Addition of new section codes applicable for Financial Year 2016-17 onwards for statements pertaining to Form 26Q, 27Q and 27EQ (Regular and Correction):

                  a. Section Code 194LBC (Income in respect of investment in securitization trust):

                         (i) This section code is applicable for Form 26Q and 27Q.
                         (ii) The value to be quoted in TDS/TCS statement is ‘LBC’.

                 b. Section Code 206CL (Tax Collection at Source (TCS) on sale of Motor vehicle):

                          (i) This section code is applicable for Form 27EQ.
                          (ii) The value to be quoted in TDS/TCS statement is ‘L’

                c. Section Code 206CM (TCS on sale in cash of any goods other than                     bullion/Jewellery):

                          (i) This section code is applicable for Form 27EQ.
                          (ii) The value to be quoted in TDS/TCS statement is ‘M’

              d. Section Code 206CN (TCS on providing of any services other than                    Chapter-XVII-B):

                          (i) This section code is applicable for Form 27EQ.
                          (ii) The value to be quoted in TDS/TCS statement is ‘N’.

For and on behalf of Tax Information Network

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