TDSMAN updated with FVU ver. 6.1 & FVU ver. 2.157

TDSMAN has been updated for the following newly released File Validation Utilities:

FVU ver. 6.1 – For statement pertaining to FY 2010-11 onwards
FVU ver. 2.157 – For statement up to FY 2009-10

To update TDSMAN – Click on: Utilities – Update Software

Click here to view the key features of FVU version 6.1 & FVU 2.157

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FVU 6.1 & FVU 2.157 released by NSDL

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The Income Tax Department has released today (12th April 2019), the following new File Validation Utilities:

  • FVU version 6.1 – For statement pertaining to FY 2010-11 onwards
  • FVU version 2.157 – For statement up to FY 2009-10

Click here to view the key features of FVU version 6.1 & FVU 2.157

TDSMAN will incorporate new FVU versions and will be released by today (12th April 2019).

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Key Features – File Validation Utility (FVU) version 6.1 & 2.157

File Validation Utility (FVU) version 6.1

  • Changes in field level validations for field “Deduction under section 16 (ia)” under Annexure II (Salary Details) of Form 24Q-Q4
    1. In case section ID “16 (ia)” mentioned under field no. 6 of Section16 records (i.e. S16 records as per file format of Form 24Q-Q4), then “Total Deduction under Section 16” should not be allowed to enter value more than Rs. 40,000.00
    2. This validation will be applicable for regular as well as correction statements (C4 type correction)

File Validation Utility (FVU) version 2.157

  • There is no change from the previous version 2.156

These versions of FVU is applicable with effect from April 12, 2019.

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TDS statement should be filed after payment of interest for delay in payment of TDS to avoid demand notice

Every deductor has to furnish quarterly statement in respect of tax deducted by him i.e., TDS return. As per section 201(1A), interest for delay in payment of TDS should be paid before filing the TDS return to avoid the demand notice at a later date.

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