Validation for non-update of Deductee/Collectee records from Annexure I and Annexure ll in TDS/TCS correction statements when Form 26A/27BA has been generated.
Deductee/Collectee against which Form 26A/27BA has been generated at Income Tax Department where update will not be allowed on certain fields in Annexure I of Form 24Q, 26Q and 27EQ while submitting correction statement.
The certain fields are as below:-
1. PAN of Deductee/Collectee
2. Amount of Payment/Credit
3. Total tax Deducted (Tax + Surcharge + Education cess)
4. Section code
Deductee against which Form 26A/27BA has been generated at Income Tax Department where no update or deletion of record will be allowed in Annexure ll of Form 24Q while submitting correction statement.
Such Deuctee/Collectee records will be present in the TDS/TCS consolidated file with a flag value F against the field Mode as per specified file format.
This is applicable from Financial Year 2007-08 onwards.
e-TDS/TCS correction statements received with the changes not desired as per above, will be rejected at TDS CPC of Income Tax Department.
This version of FVU is applicable with effect from February 23, 2017.