The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This updated version would address the following:
Correction Statement Restrictions
- No TDS / TCS correction statement will be allowed after the expiry of two years from the end of financial year in which the original statement was filed.
- For quarter 1, 2 and 3, corrections can be made within two subsequent financial years. For Q4, corrections can be filed within two subsequent financial years plus one additional financial year as the filing due date for Q4 fall in subsequent financial year.
Example:
| Example: Financial Year of Regular Statement Accepted | Quarter | Correction Statement Acceptance Allowed Until |
| 2018-19 | Q4 | FY 2025-26 (31st March 2026) |
| FY 2019-20 to FY 2022-23 | Q1, Q2, Q3, Q4 | FY 2025-26 (31st March 2026) |
| FY 2023-24 | Q1, Q2, Q3 | FY 2025-26 (31st March 2026) |
| FY 2023-24 | Q4 | FY 2026-27 (31st March 2027) |
- This change is applicable from 1st April 2026 to Forms 24Q, 26Q, 27Q and 27EQ.
Restriction on Validation of TDS / TCS Statements up to FY 2025:
- This version will allow validation of TDS / TCS statements only up to FY 2025-26.
Refer our blog in this regard published earlier.
Click here to read the original document
TDSMAN has been fully updated with newly released File Validation Utilities.
To update TDSMAN – Click on Utilities > Update Software
Download File Validation Utility (FVU) version 9.4
Download File Validation Utility (FVU) version 2.190