Monthly Archives: September 2016

FVU 5.2 & FVU 2.148 released by NSDL

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The Income Tax Department has released today (17th September, 2016), the following new File Validation Utilities: FVU version 5.2-For statement pertaining to FY 2010-11 onwards FVU version 2.148-For statement up… Read more »

Key Features -File Validation Utility (FVU) version 2.148

Changes in Form 27A generated from File Validation Utility. The Quarter of the statement is made available in Form 27A as generated from FVU. Example: if the statement is validated… Read more »

Key Features -File Validation Utility (FVU) version 5.2

Addition of new fields for Form 24Q-Q4 under Annexure ll (i.e. salary details) as below: Aggregate rent payment exceeds rupees one lakh during the previous year: – The above is… Read more »

Avail the Benefit of CPC (TDS) Analytics for Correction of PANs in your TDS Statements

Date of Communication: 13/08/2016 Dear Deductor, TAN (XXXXXXXXXX) Centralized Processing Cell (TDS) has observed from its records that you have reported “Structurally Correct, however Invalid PANs” in your TDS Statement… Read more »

CPC Defaults in Quarterly TDS Statements exceeding Rs.10 Crore from FY 2007-08 to Q1, FY 2016-17

CPC (TDS) has issued a communication regarding outstanding defaults in quarterly TDS returns exceeding Rs.10 Crore from Financial Year 2007-08 to Quarter 1, Financial Year 2016-17. The issued communication has… Read more »

Closure of defaults in Quarterly TDS Statements from FY 2007-08 to FY 2016-17 Q1

CPC (TDS) has issued a reminder communication to the banks regarding closure of defaults in quarterly TDS Statements from Financial Year 2007-08 to Financial Year 2016-17 of quarter 1. The… Read more »