Key Features – File Validation Utility (FVU) version 6.6 & 2.162

File Validation Utility (FVU) version 6.6

Addition of new column in Form 26Q & 27Q

  • New column “Amount of cash withdrawal in excess of Rs. 1 crore as referred to in section 194N” is added under Annexure I (Deductee details) in Form 26Q and 27Q.
  • Newly added column will be applicable for statements pertains to FY 2019-20 and quarter 2 onwards.

Addition of new remark value as “N” for Section code “194N”

    • New remark value as “N” is added under dropdown list of “Remarks (Reason for non-deduction/lower deduction/higher deduction/threshold)” for Section 194N.
    • Description of newly added remark value would be “No deduction on account of payment made to a person referred to in clause (iii) or clause (iv) of the provision to section 194N or on account of notification issued under clause (v) of the proviso to section 194N”.
    • Newly added dropdown value will be applicable only for below scenario:
      – Form is 26Q or 27Q
      – Section “194N” is selected
      – Financial year 2019-20 and quarter 2 onwards selected
      – TDS amount is zero

File Validation Utility (FVU) version 2.162

  • There is no change from the previous version 2.161

This version of FVU is applicable with effect from February 28, 2020.

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