Key Features – File Validation Utility (FVU) version 5.8 & 2.154

File Validation Utility (FVU) version 5.8

• A new column for “Deduction under Section 16 (ia)” is added under Annexure II
  (i.e. Salary details) for Form 24Q-Q4 :

1. The above referred deduction is applicable for Regular and Correction statements for Form 24Q-Q4.
2. Deduction under Section 16 (ia) will be applicable for statements pertaining to F.Y. 2018-19 onwards.

• Introduction of new remark code for Form 26Q

1. A new remark code “R” is introduced under field “Remarks” in Annexure I (i.e. deductee details) for deduction on interest income for Senior Citizens.
2. This will be applicable only for section code 194A (i.e. interest other than interest on securities).
3. Same will be applicable for Regular and Correction statements pertaining to Form 26Q from F.Y. 2018-19 onwards.

File Validation Utility (FVU) version 2.154

• There is no change from the previous version 2.153

These versions of FVU is applicable with effect from June 29, 2018.