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Smart & Easy TDS Software for Preparing TDS Returns

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FVU version 5.0 and FVU version 2.146 released by NSDL

The Income Tax Department has released today (13th April, 2016), the following new File Validation Utilities:

  • FVU version 5.0 – For statement pertaining to FY 2010-11 onwards
  • FVU version 2.146 – For statement up to FY 2009-10

Click here to view the key features of FVU version 5.0

Click here to view the key features of FVU version 2.146

TDSMAN will incorporate new FVU versions and will be released latest by 14th April, 2016.

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Key Features of File Validation Utility (FVU) version 2.146

The key features of File Validation Utility (FVU) version 2.146 has been given below:

  • Incorporation of TAN and TAN name in the Challan Status Inquiry (i.e. .CSI) file and verification with the TDS/TCS statement during the time of validation through the FVU.
    • TAN: In case, the TAN of the Deductor/Collector as per .CSI file does not match with the TAN as per the TDS/TCS statement, FVU will reject the TDS/TCS file and appropriate error message (Mismatch in present in the statement and .CSI file imported, kindly provide valid TAN) will be displayed to the user on validating the file through FVU.
    • TAN Name: In case, the TAN Name (i.e. Name of Deductor/Collector) as per .CSI file does not match with the name as per the TDS/TCS statement, FVU will generate a displayed popup message as “Name of deductor in the statement should exactly match the Name of deductor as per TAN Master Database of ITD.”
  • Mandatory to mention Email IDs of deductor/collector and responsible person in TDS/TCS Statement.
    • One of e-mail ids of Deductor/Collector or responsible person is required to be provided in the statement.
  • Change of State name from “ORISSA” to “ODISHA”.
  • This version of FVU is applicable with effect from April 13, 2016.
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Key Features of File Validation Utility (FVU) version 5.0

The key features of File Validation Utility (FVU) version 5.0 has been given below:

  • Remark ‘B’ is made applicable for Section code 192A (Payment of accumulated balance due to an employee) for Form 26Q.
  • New Section code 194IA (Payment on transfer of certain immovable property other than agricultural land) has been added under list of sections available under Form 26Q.
  • Incorporation of TAN and TAN name in the Challan Status Inquiry (i.e. .CSI) file and verification with the TDS/TCS statement during the time of validation through the FVU.
    • TAN: In case, the TAN of the Deductor/Collector as per .CSI file does not match with the TAN as per the TDS/TCS statement, FVU will reject the TDS/TCS file and appropriate error message (Mismatch in present in the statement and .CSI file imported, kindly provide valid TAN) will be displayed to the user on validating the file through FVU.
    • TAN Name: In case, the TAN Name (i.e. Name of Deductor/Collector) as per .CSI file does not match with the name as per the TDS/TCS statement, FVU will generate a displayed popup message as “Name of deductor in the statement should exactly match the Name of deductor as per TAN Master Database of ITD.”
  • Mandatory to mention Email ID and mobile number of deductor/collector and responsible person in TDS/TCS Statement.
    • One of e-mail ids of Deductor/Collector or responsible person is required to be provided in the statement.
    • The value in the field ‘Mobile Number of responsible person’ is mandatory.
  • Change of State name from “ORISSA” to “ODISHA”.
  • This version of FVU is applicable with effect from April 8, 2016.
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CPC(TDS) Advisory for Deposit of Tax deducted and Demand for TDS Defaults with respect to Purchase of Immovable Property

CPC(TDS) has issued an advisory for deposit of tax deducted and demand for TDS defaults with respect to purchase of immovable property (26QB Statement-cum-challan).

The issued advisory has been given below:

The Centralized Processing Cell (TDS) provides important tips, for the convenience of Taxpayers, who have executed any transaction for Purchase of Immovable Property exceeding Rs. 50 Lakhs (Rupees Fifty Lakhs). Please take note of the following key details for Payments associated with filing of 26QB Statements-cum-challan and TDS Defaults, if any:

Filing of 26QB Statement-cum-Challan:

1. 26QB Statement-cum-challan can be filed (along with payment of tax), under “Form 26QB” in “TDS on Sale of Property”on the payment portal of NSDL.

Filing of 26QB Statement-cum-Challan

2. The tax to be deposited only through the Statement-cum-Challan mode (Form 26QB). No other challan, viz. Demand Payment, 280/ 281 etc. to be used for the same.

Payment against TDS Defaults:

1. On receipt of Default Intimations from CPC(TDS), the Payment against demand raised should be made through the Demand Payment link at NSDL portal, as follows:

Payment against TDS Defaults

2. The payment of Demand for closure of Defaults has to be made only through the above online mode. No other challan, viz. 280/ 281 etc. should be used for payment of demand.

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

CPC (TDS) TEAM

Source: TRACES

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