1. Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q3 of FY 2013-14, then the date of deduction should not be lower than 01/10/2013.
Analysis: In a deductee record there are two dates-Date of Deduction and Date of Payment (this is the date when payment is made to the deductee / employee / collectee and should not be confused with the date of challan payment). Now, it is mandatory that the Date of Deduction should fall within the quarter for which the return is being filed and not for any earlier period.
2. Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.
Analysis: This is an interesting feature added to the File Validation Utility (FVU) wherein immediately after the text file is successfully validated, Form 27A / 27B would be automatically generated as a PDF file. Although it is not clear, but it is quite apparent that it would be mandatory to provide a print copy of this PDF file when submitting TDS / TCS returns through the TIN-FCs. The PDF file contains a bar code and hash value which may be validated with the electronic copy of the .FVU file to avoid any inconsistency.
The earlier system of hand written or third party software generated Form 27A / 27B in all probability has been or will be discontinued.
3. Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to 0 (zero) and add new record with updated values.
Analysis: Many Deductors were fling TDS returns with incorrect deductee details and subsequently were preparing Correction Statements to rectify it by deleting these incorrect deductee records and adding the correct ones, if required. In view of the Department, this facility was being misused and to keep a control on this, now instead of deleting the incorrect deductee details, now, one will have to nullify it by updating the relevant fields to 0 (zero). New records are to be added as usual.
4. Applicability of FVU version: FVU version 4.0 and 4.1 are applicable upto January 03, 2014 and from January 04, 2014 FVU version 4.1 would be mandatory.
Analysis: The new versions of the FVU (4.1 & 2.137) would be compulsorily applicable from 4th January 2014. The earlier version would be applicable only till 3rd January 2014.
If i want to file the tds return of previous quarter then what should i do?