Key Features of File Validation Utility (FVU) version 4.6

  • Quoting of PAN of responsible person for deducting/ collecting tax.
  • Quoting of AIN mandatory only if the TDS/TCS has been deposited by book entry i.e.,through transfer voucher.
  • Quoting of BIN details mandatory only for the statements pertaining to FY 2013-14 onwards.
  • Update of tax deposit amount in deductee details enabled for the deductee records where tax has been deducted at higher rate.
  • Reduction in the applicable list of Nature of Remittances (Applicable in case of Form no. 27Q).
  • Enhancement of deduction allowed under section 80CCE from Rs. 1,00,000/- to Rs. 1,50,000/-.
  • This version of FVU will be applicable with effect from April 21, 2015.

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