Key Features - File Validation Utility (FVU) version 5.8

Key Features - File Validation Utility (FVU) version 5.8

TaxPro Key Features – 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 The above referred deduction is applicable for Regular and Correction statements for Form 24Q-Q4. 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 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.

This will be applicable only for section code 194A (i.e.

interest other than interest on securities). Same will be applicable for Regular and Correction statements pertaining to Form 26Q from F.Y. 2018- 19 onwards. This version of FVU is applicable with effect from June 29, 2018. Key Features – File Validation Utility (FVU) version 2.154 This version of FVU is applicable with effect from June 29, 2018. Key Features – File Validation Utility (FVU) version 5.7 In case of non-availability of PAN of deductee for Form 27EQ, two new fields are introduced under deductee details which are as below: Deductee is Non-Resident (value ‘Y’ or ‘N’ is allowed under this field).

Deductee is having Permanent Establishment in India (value ‘Y’ or ‘N’ is allowed under this field).

pertaining to FY 2017-18 onwards. Nature of remittance option present under deductee details for Form 27Q is to be made mandatory from FY 2013-14 onwards. le with effect from January 11, 2018. Key Features – File Validation Utility (FVU) version 2.153 Key Features – File Validation Utility (FVU) version 5.6

o Change in validations for all section codes available for Form 27EQ Form 27EQ. ‘PANNOTAVBL’ are present in the field ‘PAN of Deductee’. debited”. pertaining to FY 2017-18 onwards. o Addition of new field i.e. “Goods and Service Tax Number (GSTN)” under Batch Header (BH) of TDS/TCS statement -numeric value.

value. Please provide valid 15 digit GSTN” forms and FYs. o State code of employer made mandatory in all correction statements (i.e. all batches of correction statement) header (BH) field no. 26. o Change in validation for section code “194J - Fees for Professional or Technical Services” for Form 26Q: able under this section which represents either no deduction or lower deduction.

2017-18 onwards. This version of FVU is applicable with effect from October 07, 2017. Key Features – File Validation Utility (FVU) version 2.152 o Addition of new field i.e. “Goods and Service Tax Number (GSTN)” under Batch Header (BH) of TDS/TCS statement -numeric value. less than 15 digits FVU will populate an error message “Invalid value. Please provide valid 15 digit GSTN” forms and FYs.

o State code of employer made mandatory in all correction statements (i.e. all batches of correction statement) header (BH) field no. 26. This version of FVU is applicable with effect from October 07, 2017.

Key Features – File Validation Utility (FVU) version 5.5 Change in validation for the field “PAN of Lender” for form 24Q-Q4 under Annexure II (i.e. Salary details) from F.Y. 2016-17 onwards: Existing Validation of structurally valid PAN for field no. 51, 53, 55 and 57 have been relaxed. These fields may contain below mentioned values along with structurally valid PAN, only when PAN of the lender is not available.

1. GOVERNMENT: This is applicable when lenders are Government organizations (i.e. Central or State). 2. NONRESDENT: This is applicable when the lenders are Non-Residents. 3. OTHERVALUE: This is applicable when the lenders are other than Government organization and Non-Residents. Addition of new section code for Form 26Q. New section code “194IC – “Payment under specified agreement” has been added for Form 26Q. It is applicable for Regular and C3 type of Correction Statement i.e ‘Update/delete /add deductee details’ pertaining to FY 2017-18 onwards.

Change in validation for section code “194D - Insurance and Commission” for Form 26Q: 1.

Remark ‘B’ is made applicable under this section which represents either no deduction or lower deduction. 2. The same is applicable for regular and C3 type of correction Statement pertaining to FY 2017-18 onwards. Change in validations for section code 206CC (i.e. “Collection at source from Timber obtained by any mode other than a forest lease”) for Form 27EQ. 1. Remark “C” (i.e. for higher rate deduction) is made applicable only for this section. 2. “C” remark is only allowed when the values ‘PANAPPLIED’, ‘PANINVALID’ or ‘PANNOTAVBL’ are present in the field ‘PAN of Deductee’. 3. In such case, total TDS amount has to be 5% or more of in the field “Amount of receipt / debited”.

4. The above referred validations are applicable for Regular and Correction statements pertaining to FY 2017-18 onwards. Verification of latest FVU version at the time of validation of e-TDS/TCS statement. 1. The Challan Status Inquiry (CSI) file downloaded from TIN website will contain the current FVU version. 2. While validating e-TDS/TCS statement through RPU, verification of FVU versions (i.e. the FVU version present in the CSI file and the version of FVU used for validation) will take place and in case of mismatch, the FVU will not allow user to validate the file and will display an error

message ‘This is old FVU version, please use the latest FVU version available at www.tin- nsdl.com and validate the file. File Validated with old FVU version will not be accepted’. Key Features – File Validation Utility (FVU) version 2.151 Verification of latest FVU version at the time of validation of e-TDS/TCS statement. 1. The Challan Status Inquiry (CSI) file downloaded from TIN website will contain the current FVU version. 2. While validating e-TDS/TCS statement through RPU, verification of FVU versions (i.e. the FVU version present in the CSI file and the version of FVU used for validation) will take place and in case of mismatch, the FVU will not allow user to validate the file and will display an error message ‘This is old FVU version, please use the latest FVU version available at www.tin- nsdl.com and validate the file.

File Validated with old FVU version will not be accepted’. 16, 2017.

Key Features – File Validation Utility (FVU) version 5.4 Validation for “PAN of Landlord” field has been revised for form 24Q-Q4 under Annexure II (i.e. Salary details) from F.Y. 2016-17 onwards. Existing Validation of structurally valid PAN (for field no. 41, 43, 45 and 47 as per data structure) has been relaxed. These fields may contain any value from the below mentioned when the landlord does not have PAN. 1. GOVERNMENT: This is applicable when landlords are Government organizations (i.e. Central or State).

2. NONRESDENT: This is applicable when the landlords are Non-Residents. 3.

OTHERVALUE: This is applicable when the landlords are other than Government organization and Non-Residents. 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. 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

where no update or deletion of record will be allowed in Annexure ll of Form 24Q while submitting correction statement. the TDS/TCS consolidated file with a flag value ‘F’ against the field ‘Mode’ as per specified file format. -08 onwards. -TDS/TCS correction statements received with the changes not desired as per above, will be rejected at TDS CPC of Income Tax Department. statements pertaining to FY 2010-11 onwards) and FVU version 2.150 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).

Key Features – File Validation Utility (FVU) version 2.150 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.

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 A 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.

flag value ‘F’ against the field ‘Mode’ as per specified file format.

-08 onwards. -TDS/TCS correction statements received with the changes not desired as per above, will be rejected at TDS CPC of Income Tax Department. Key Features – File Validation Utility (FVU) version 5.3 Newly added fields for Form 27Q i.e. ‘Email ID of deductee’, ‘Contact number of deductee’, ‘Address of deductee in country of residence’ & ‘Tax Identification Number /Unique identification number of deductee’ are to be made mandatory only for below mentioned nature of remittances.

- Interest payment - Royalty - Fees for technical services/ fees for included services - Short term capital gains - Long term capital gains Change in the encryption certificate present in the FVUs.

Since existing encryption certificate present in FVUs is expiring on November 30, 2016, newly procured encryption certificate by NSDL e-Gov. will be incorporated in FVUs. This version of FVU is applicable with effect from November 26, 2016. Key Features – File Validation Utility (FVU) version 2.149 Change in the encryption certificate present in the FVUs. Since existing encryption certificate present in FVUs is expiring on November 30, 2016, newly procured encryption certificate by NSDL e-Gov. will be incorporated in FVUs. This version of FVU is applicable with effect from November 26, 2016.

Key Features – File Validation Utility (FVU) version 5.2 Addition of new fields for Form 24Q-Q4 under Annexure ll (i.e. salary details) as below: 1. Aggregate rent payment exceeds rupees one lakh during the previous year:

- The above is applicable for regular as well as correction statements pertaining to FY 2016- 17 onwards. - If the rent payment exceeds rupees one lakh, in such case, flag value ‘Yes’ is to be mentioned under the above referred field, else flag value ‘No’ is to be mentioned. - If the flag value is ‘Yes’, in such case, PAN and Name of the landlord is to be mandatorily mentioned. The details (i.e. PAN and Name) of maximum to four landlords can be mentioned. 2. Deduction of interest under the head ‘Income from house property’ (which is paid to the lender): - The above is applicable for regular as well as correction statements pertaining to FY 2016- 17 onwards.

- If the interest is paid to the lender, in such case, flag value ‘Yes’ is to be mentioned under the above referred field, else flag value ‘No’ is to be mentioned. - If the flag value is ‘Yes’, in such case, PAN and Name of the lender is to be mandatorily mentioned. The details (i.e. PAN and Name) of maximum to four lenders can be mentioned. 3. Deduction of tax from contributions paid by the trustees of an approved superannuation fund: - The above is applicable for regular as well as correction statements pertaining to FY 2013- 14 onwards.

- If the contribution is paid by the trustee, in such case, flag value ‘Yes’ is to be mentioned under the above referred field, else flag value ‘No’ is to be mentioned.

- If the flag value is ‘Yes’, in such case, below fields are applicable and values in all these fields is to be mandatorily mentioned.  Name of the superannuation fund  Date from which the employee has contributed to the superannuation fund  Date to which the employee has contributed to the superannuation fund  The amount of contribution repaid on account of principal and interest  The average rate of deduction of tax during the preceding three years  The amount of tax deducted on repayment  Gross total income including contribution repaid on account of principal and interest from superannuation fund.

Addition of new fields for Form 27Q under Annexure l (i.e. deductee details) as below: 1. The following new fields have been incorporated:  he deductee   

2. The above is applicable for regular as well as correction statements pertaining to FY 2016-17 onwards. 3. The values in all the above new fields will be mandatory, if all the below conditions are fulfilled else the values in these fields are optional.  PANINVALID or PANAPPLIED or PANNOTAVBL and  record is less than 20% and  Changes in Form 27A generated from File Validation Utility. The Quarter of the statement is made available in Form 27A as generated from FVU.

Example: if the statement is validated from FVU pertaining to FY 2016-17 of the second quarter (i.e. July 1, 2016 to September 30, 2016), in such case, Form 27A will have the following statement ‘Form for furnishing information with the statement of Deduction / collection of tax at source (tick whichever is applicable) filed on computer media for the period Q2’ This version of FVU is applicable with effect from September 17, 2016. Key Features – File Validation Utility (FVU) version 2.148 Changes in Form 27A generated from File Validation Utility.  The Quarter of the statement is made available in Form 27A as generated from FVU.

Example: if the statement is validated from FVU pertaining to FY 2016-17 of the second quarter (i.e. July 1, 2016 to September 30, 2016), in such case, Form 27A will have the following statement ‘Form for furnishing information with the statement of Deduction / collection of tax at source (tick whichever is applicable) filed on computer media for the period Q2’  This version of FVU is applicable with effect from September 17, 2016 Key Features – File Validation Utility (FVU) version 5.1 I. New Section code 194LBC (Income in respect of investment in securitization trust) has been added under list of sections available under Form 26Q and 27Q.

II. New nature of collection codes 206CL (Sale of Motor vehicle), 206CM (Sale in cash of any goods (other than bullion/jewelry)) and 206CN (Providing of any services (other than Ch-XVII-B)) has been added under list of collection codes available under Form 27EQ.

III. This version of FVU is applicable with effect from June 28, 2016.

Key Features – File Validation Utility (FVU) version 2.147 I. New Section code 194LBC (Income in respect of investment in securitization trust) has been added under list of sections available under Form 26Q and 27Q. II. New nature of collection codes 206CL (Sale of Motor vehicle), 206CM (Sale in cash of any goods (other than bullion/jewelry)) and 206CN (Providing of any services (other than Ch-XVII-B)) has been added under list of collection codes available under Form 27EQ. III. This version of FVU is applicable with effect from June 28, 2016.

Key Features – File Validation Utility (FVU) version 5.0  Remark ‘B’ is made applicable for Section code 192A (Payment of accumulated balance due to an employee) for Form 26Q.

 New Section code 194IA (Payment on transfer of certain immovable property other than agricultural land) has been added under list of sections available under Form 26Q.  Incorporation of TAN and TAN name in the Challan Status Inquiry (i.e. .CSI) file and verification with the TDS/TCS statement during the time of validation through the FVU. TAN: In case, the TAN of the Deductor/Collector as per .CSI file does not match with the TAN as per the TDS/TCS statement, FVU will reject the TDS/TCS file and appropriate error message (Mismatch in present in the statement and .CSI file imported, kindly provide valid TAN) will be displayed to the user on validating the file through FVU.

TAN Name: In case, the TAN Name (i.e. Name of Deductor/Collector) as per .CSI file does not match with the name as per the TDS/TCS statement, FVU will generate a displayed popup message as “Name of deductor in the statement should exactly match the Name of deductor as per TAN Master Database of ITD.”  Mandatory to mention Email ID and mobile number of deductor/collector and responsible person in TDS/TCS Statement. One of e-mail ids of Deductor/Collector or responsible person is required to be provided in the statement.

The value in the field ‘Mobile Number of responsible person’ is mandatory.

 Change of State name from “ORISSA” to “ODISHA”.  This version of FVU is applicable with effect from April 13, 2016. Key Features – File Validation Utility (FVU) version 2.146  Incorporation of TAN and TAN name in the Challan Status Inquiry (i.e. .CSI) file and verification with the TDS/TCS statement during the time of validation through the FVU

TAN: In case, the TAN of the Deductor/Collector as per .CSI file does not match with the TAN as per the TDS/TCS statement, FVU will reject the TDS/TCS file and appropriate error message (Mismatch in present in the statement and .CSI file imported, kindly provide valid TAN) will be displayed to the user on validating the file through FVU. TAN Name: In case, the TAN Name (i.e. Name of Deductor/Collector) as per .CSI file does not match with the name as per the TDS/TCS statement, FVU will generate a displayed popup message as “Name of deductor in the statement should exactly match the Name of deductor as per TAN Master Database of ITD.”  Mandatory to mention Email IDs of deductor/collector and responsible person in TDS/TCS Statement.

One of e-mail ids of Deductor/Collector or responsible person is required to be provided in the statement.  Change of State name from “ORISSA” to “ODISHA”.  This version of FVU is applicable with effect from April 13, 2016. Key Features – File Validation Utility (FVU) version 4.9 Remark ‘B’ is made applicable for Section code 194DA for Form 26Q, FY 2015-16, Q3 onwards. Addition of challan (i.e. C9 correction) in correction statements: As directed by Income Tax Department (ITD), addition of challan option (i.e. is C9 correction) has been made available for Central (i.e. deductor category ‘A’) and State Government (i.e.

deductor category ‘S’), applicable only for statements pertaining up to FY 2012-13. Mandatory to quote “Certificate number” for Form 26Q where the remark value selected as ‘B’: o Applicable for statements which pertains to FY 2015-16, Q3 onwards.

o 10 digit alpha numeric value will be allowed under this field wherein first digit should be either ‘G’ (in case of 15G) or ‘H’ (in case of 15H) followed by 9 digit numeric value (For example, “G000000001” or “H000000001”). Key Features – File Validation Utility (FVU) version 2.145 Addition of challan (i.e. C9 correction) in correction statements: As directed by Income Tax Department (ITD), addition of challan option (i.e. is C9 correction) has been made available for Central (i.e. deductor category ‘A’) and State Government (i.e. deductor category ‘S’), applicable only for statements pertaining up to FY 2012-13.

e with effect from December 19, 2015. Key Features – File Validation Utility (FVU) version 4.8 Section code 192A: In addition to Form no. 26Q, this section will also be applicable for Form no. 27Q where the date of payment to deductee is on or after 01/06/2015. Discontinuation of C9 Correction Statements: As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Correction Statement(s) has been discontinued. Removal of nature of remittance (applicable only in case of Form no. 27Q): As directed by ITD, below mentioned nature of remittances has been removed from the list.

 Commission  Payments to sports person & artists  Winning from horse races  Winning from lotteries, crossword puzzles, card games and other games of any sort Key Features – File Validation Utility (FVU) version 2.144 Discontinuation of C9 Correction Statements: As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Correction Statement(s) has been discontinued.

Key Features – File Validation Utility (FVU) version 4.7 Incorporation section code 192A and 194LBB:

“192A” & “194LBB” have been added for below forms which will be applicable for statements pertain to FY 2015-16 & Q1 onwards.  Section code 192A will be applicable for Form 26Q.  Section code 194LBB will be applicable only for Form 26Q and 27Q.  For section code “192A”, select “92D” from the dropdown of section code column in Annexure I sheet.  For section code “194LBB”, select “LBB” from the dropdown of section code column in Annexure I sheet.

Total Tax deducted amount should be equal to Total Tax Deposited under Deductee details (i.e.

Annexure I). Quoting of lower/non deduction certificate number under Deductee details (Annexure I) will be applicable only for below mentioned Section codes:- 192, 193, 194, 194A, 194C, 194D, 194G, 194H, 194-I, 194J, 194LA, 195 and 206C for the statements pertaining to FY 2013-14 onwards. Validations with respect to remark C under deductee details (Annexure I) has been relaxed for section 194LC for the statements pertains to FY 2012-13 onwards (said validation will be applicable only for Form 27Q).

Key Features – File Validation Utility (FVU) version 2.143 ductee details (Annexure I) will be applicable from Q3 of FY 2009-10 onwards. (Said validation will be applicable only for Form 26Q). Annexure I). ersion of FVU will be applicable with effect from June 20, 2015 Key Features – File Validation Utility (FVU) version 4.6