Change in validation of quarterly TDS/TCS statements are as below:
Book entry flag should not be provided in the challan details for nil challan/nil transfer voucher for all the financial years.
In the salary details (Form 24Q Q4-Annexure II), if PAN provided is invalid (i.e. PANNOTAVBL, PANAPPLIED & PANINVALID), then the flag in the column Whether tax deducted at higher rate mandatorily needs to be Yes for TDS statements pertaining to FY 2013-14 onwards.
Mandatory to mention at deductee details Country of Residence of the deductee in TDS statement (Form no. 27Q only-Regular and Correction) pertaining to FY 2013-14 onwards.
Change in name of the field of as below:
In the deductee details (Form 27Q-Annexure I), name of the field Country to which Remittance made has been changed to Country of Residence of the Deductee.
In the deductee details (Form 24Q-Annexure I), name of the field Taxable amount of which tax deducted has been changed to Amount paid/Credited.
FVU version 3.8 and 3.9 are applicable upto August 31, 2013. Further, FVU version 3.9 would be mandatory from September 01, 2013.
