New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released on 5th January 2022.
The key features of this FVU is summarized as under:
File Validation Utility (FVU):
FVU Version 7.4 – Applicable for quarterly TDS/TCS statement pertaining to FY 2010-11 onwards.
FVU Version 2.170 – Applicable for quarterly TDS/TCS statements from FY 2007-08 up to FY 2009-10.
The summary of changes in this new release is as under:
- Changes in validations for Section 194A
Remark value ‘Z’ will be applicable to Section 194A, only when ‘Date on which Amount paid / Credited’ to deductee is on or after 17th September, 2021. This is ‘No Deduction’ u/s 194A on Interest Payment to a member of Scheduled Tribe of Specified Areas u/s 10(26) as per Notification No. 110/2021/F.275/27/2021-IT(B) dated 17th September 2021.
- Changes in validation for Section 194Q
This section will be applicable for statements pertains to FY 2021-22 and Q2, where ‘Date on which Amount paid / Credited’ is on or after 1st July, 2021.
- This version of FVU is applicable with effect from January 05, 2022 onwards.
TDSMAN has been fully updated with newly released File Validation Utilities
To update TDSMAN – Click on Utilities > Update Software
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