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.tinnsdl.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.tinnsdl.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

Quoting of PAN of responsible person for deducting/ collecting tax.  Quoting of AIN mandatory only if the TDS/TCS has been deposited by book entry i.e., through transfer voucher.  Quoting of BIN details mandatory only for the statements pertaining to FY 2013-14 onwards.

Update of tax deposit amount in deductee details enabled for the deductee records where tax has been deducted at higher rate.  Reduction in the applicable list of “Nature of Remittances” (Applicable in case of Form no. 27Q).

Enhancement of deduction allowed under section 80CCE from Rs. 1,00,000/- to Rs. 1,50,000/-.  This version of FVU will be applicable with effect from April 21, 2015. Key Features – File Validation Utility (FVU) version 2.142  Quoting of PAN of responsible person for deducting/ collecting tax.  This version of FVU will be applicable with effect from April 21, 2015 Key features of FVU version 4.5 Incorporation of section 194LBA: o Section 194LBA is applicable for Form no. 26Q and 27Q o Section 194LBA is applicable for statements pertaining to Q3 of FY 2014-15 onwards. o Section code to be quoted in the TDS statement for section 194LBA is 4BA Incorporation of section 194DA: o Section 194DA is applicable for Form no.

26Q only o Section 194DA is applicable for statements pertaining to Q3 of FY 2014-15 onwards. o Section code to be quoted in the TDS statement for section 194DA is 4DA Key feature of FVU version 4.4 Lower/ Non-deduction Certificate number issued by Assessing Officer (in deductee details): Length of field “Certificate number issued by the Assessing Officer u/s 197 for nondeduction/lower deduction” under deductee details (i.e. in Annexure I) has been restricted to 10 digits. Certificate number to be quoted only in case of lower deduction/no deduction. This validation is applicable to regular and correction (C3 & C9) statements pertaining to FY 2013-14 and onwards.

Amount paid/ credited (in deductee details): Value in field “Amount paid/ Credited” to the deductee in case of Form no. 24Q should be less than or equal to 999999999.00. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.

Total Taxable income (in salary details – Annexure II): Value in field “Total Taxable Income” to the deductee in case of Form no. 24Q-Q4 should be less than or equal to 999999999.00. This validation is applicable to regular and C4 correction statements pertaining to all FYs. Deductee reference number and Employee serial number (in deductee details): It is mandatory to quote in the field “Deductee reference no.” (In case of Form no.

26Q) and “Employee serial no.” (In case of Form no. 24Q), where PAN of the deductee is invalid. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs. Total tax deducted amount (in deductee details): In case of Form no. 24Q, value quoted in field “Total Tax deducted amount” should be less than or equal to value quoted in field “Amount paid/ credited” under deductee details. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.

Accounts Office Identification Number (AIN): It is mandatory to quote the AIN in case of Form no. 24Q and 26Q for deductor category “Central Government” & “State Government”. This validation is applicable to regular and correction (C1 & C2, C3 (if deductor details are updated)) statements pertaining to FY 2013-14 onwards. Collection code “J” (Sale of certain Minerals) and “K” (Cash case of Bullion and Jewellary): Collection code “J” and “K” is applicable only for TCS (Form no. 27EQ) regular and C9 correction statements pertaining to Q2 of FY 2012-13 onwards.

Remarks for higher deduction (in deductee details): Remarks for higher deduction in deductee details i.e., flag “C” to be mentioned only if the deductee PAN is structurally invalid.

This validation is applicable to regular statement and correction (C3 & C9) statements pertaining to FY 2010-11 onwards:

Country name (in deductee details): In case of Form no. 27Q, the country name “MEXICO” has been updated to “UNITED MEXICAN STATES”. This change is applicable to regular and correction (C3 & C9) statements pertaining to FY 2013-14 onwards. Applicability of FVU version: From September 23, 2014, FVU version 4.4 would be mandatory for statements pertain to FY 2010-11 onwards. Key feature of FVU version 2.140 Amount paid/ credited (in deductee details): Value in field “Amount paid/ Credited” to the deductee in case of Form no. 24Q should be less than or equal to 999999999.00. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.

Total Taxable income (in salary details – Annexure II): Value in field “Total Taxable Income” to the deductee in case of Form no. 24Q-Q4 should be less than or equal to 999999999.00. This validation is applicable to regular and C4 correction statements pertaining to all FYs. Deductee reference number and Employee serial number (in deductee details): It is mandatory to quote in the field “Deductee reference no.” (In case of Form no. 26Q) and “Employee serial no.” (In case of Form no. 24Q), where PAN of the deductee is invalid. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.

Total tax deducted amount (in deductee details): In case of Form no. 24Q, value quoted in field “Total Tax deducted amount” should be less than or equal to value quoted in field “Amount paid/ credited” under deductee details. This validation is applicable to regular and correction (C3 & C9) statements pertaining to all FYs.

Applicability of FVU version: From September 23, 2014, FVU version 2.140 would be mandatory for statements pertain to FY 2007-08 to FY 2009-10. Key feature of FVU version 4.3  Addition of New State code for “TELANGANA”. New State code “36” for “TELANGANA” has been added.  Applicability of FVU version: From June 28, 2014, FVU version 4.3 would be mandatory for statements pertain to FY 2010-11 onwards. Key feature of FVU version 2.139

Addition of New State code for “TELANGANA”. New State code “36” for “TELANGANA” has been added.  Applicability of FVU version: From June 28, 2014, FVU version 2.139 would be mandatory for statements pertain to FY 2007-08 to FY 2009-10.

Key feature of FVU version 4.1  Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values.

Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q3 of FY 2013-14, then the date of deduction should not be lower than 01/10/2013.  Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.  Applicability of FVU version: FVU version 4.0 and 4.1 are applicable upto January 03, 2014 and from January 04, 2014 FVU version 4.1 would be mandatory. Key feature of FVU version 2.137  Deletion of deductee record: Feature to delete the deductee record has been discontinued.

In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values.

Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q2 of FY 2009-10, then the date of deduction should not be lower than 01/10/2009.  Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.  Applicability of FVU version: FVU version 2.136 and 2.137 are applicable upto January 03, 2014 and from January 04, 2014 it would be mandatory to validate the TDS/TCS statements using FVU version 2.137.

Key feature of FVU version 4.0  Change in validation of Section code 194LC:

o Section code 194LC will be applicable only for deductor category (as per the statement) “Company” and “Branch of Company”. o This validation will apply for regular and correction statements.  Incorporation of new section code 194LD: This Section code will be applicable for: o Regular and correction statements pertaining to FY 2013-14 and onwards. o Statement pertaining to Form no. 27Q.  Nil challans/transfer vouchers with deductee record: Validation as below will be applicable: o Nil challans/transfer vouchers need to mandatorily have deductee records. o In deductee records, flag in the remarks for lower or non-deduction should be “A”, “B”, “Y”, “S”, “T” or “Z” (as applicable).

o This validation will apply for regular and correction statements.

Last provisional receipt number to be quoted in regular TDS/TCS statements: Deductors are require to mandatorily quote the last accepted provisional receipt number of the regular quarterly TDS/TCS statement.  Date of deposit of Non-nil Challan: Validation for Date of deposit of non-nil challan has been relaxed. This date can pertain to immediate previous financial year of the statement.  FVU version 3.9 and 4.0 are applicable upto September 30, 2013. Further, FVU version 4.0 would be mandatory from October 01, 2013.

Key features 2.136  Nil challans/transfer vouchers with deductee record: Validation as below is applicable: o Nil challans/transfer vouchers need to mandatorily have deductee records.

o In deductee records, flag in the remarks for lower or non-deduction should be “A” or “B” (as applicable). o This validation will apply for regular and correction statements.  Last provisional receipt number to be quoted in regular TDS/TCS statements: Deductors are require to mandatorily quote the last accepted provisional receipt number of the regular quarterly TDS/TCS statement.  Date of deposit of Non-nil Challan: Validation for Date of deposit of non-nil challan has been relaxed. This date can pertain to immediate previous financial year of the statement.

FVU Version 2.135 and 2.136 are applicable upto September 30, 2013.

Further, FVU version 2.136 would be mandatory from October 01, 2013. Key feature of FVU version 3.9  Change in validation of quarterly TDS/TCS statements are as below: o Book entry flag should not be provided in the challan details for nil challan\nil transfer voucher for all the financial years. o In the salary details (Form 24Q Q4 – Annexure II), if PAN provided is invalid (i.e. PANNOTAVBL, PANAPPLIED & PANINVALID), then the flag in the column “Whether tax deducted at higher rate” mandatorily needs to be “Yes” for TDS statements pertaining to FY 2013-14 onwards.

o Mandatory to mention at deductee details “Country of Residence of the deductee” in TDS statement (Form no. 27Q only – Regular and Correction) pertaining to FY 2013-14 onwards.  Change in name of the field of as below: o In the deductee details (Form 27Q – Annexure I), name of the field “Country to which Remittance made” has been changed to “Country of Residence of the Deductee”. o In the deductee details (Form 24Q – Annexure I), name of the field “Taxable amount of which tax deducted” has been changed to “Amount paid/Credited”.  FVU version 3.8 and 3.9 are applicable upto August 31, 2013.

Further, FVU version 3.9 would be mandatory from September 01, 2013.

Key features 2.135  Change in validation of quarterly TDS/TCS statement wherein “Book entry flag” should not be provided in the challan details in case of nil challan\nil transfer voucher.

Change in name of the field of as below: o In the deductee details (Form 27Q – Annexure I), name of the field “Country to which Remittance made” has been changed to “Country of Residence of the Deductee”. o In the deductee details (Form 24Q – Annexure I), name of the field “Taxable amount of which tax deducted” has been changed to “Amount paid/Credited”.  FVU Version 2.134 and 2.135 are applicable upto August 31, 2013.

Further, FVU Version 2.135 would be mandatory from September 01, 2013.

Key feature of FVU version 3.8  Change in data structure of quarterly TDS/TCS statement pertaining to FY 2013-14 onwards as below: o Alternate contact details like e-mail and contact no. of the deductor and responsible person may be provided. o Quoting of TAN registration no. (if any) as provided by TIN. o Minor head code is to be provided in challan details. o Late fee is to be provided in challan details applicable from FY 2012-13 onwards. o No details to be provided for cheque no. and section code in the challan details. o Section code to be provided in deductee/collectee details. o Introduction of new section code Form no.

24Q: Section 92C has been added which is applicable in case payment is made to Union Govt. employees. o Section 194I has been bifurcated as below:  Select value 4IA from the section code drop down where tax has been deducted under section 194I (a)  Select value 4IB from the section code drop down where tax has been deducted under section 194I (b) o Lower/ No deduction certificate no. to be provided in the deductee details. o In the annual salary details (24Q, Q4 – Annexure II) break up to be provided for the salary paid and the tax deducted by the current employer and previous employer during the current Financial Year.

o Introduction of fields for quoting foreign remittance details in Form no. 27Q as below  Nature of remittance  Whether TDS rate of TDS is IT act (a) and DTAA (b)

Unique acknowledgement of the corresponding form no 15CA (if available)  Country to which remittance is made o Introduction of value “Z” in the field Remarks for lower or no deduction. Applicable in case of no deduction on account of payment under section 197A (1F). o In the annual salary details (24Q Q4 – Annexure II) records to be highlighted whether the tax has been deducted at higher rate.

Discontinuation of “Y” type of correction statement.  FVU version 3.8 is applicable w.e.f 01/07/2013. Key features 2.134 Key features of FVU 2.134 is as follows:  Addition of filler fields in: o Deductor details (BH record) o Challan details (CD record) o Deductee details (DD record) o Salary details (SD record). Applicable in case of 24Q, Q4.  Quarterly TDS/TCS statement (regular and correction) can be validated for statements pertaining to FY 2007-08 onwards.

Discontinuation of “Y” type of correction statement.  FVU version 2.134 is applicable w.e.f 01/07/2013. Key features of File Validation Utility (FVU) version 3.71  Section 80CCG: Section 80CCG has been incorporated for Form no. 24Q Q4. Section code 80CCG is applicable for FY 2012-13 onwards.  Section 80CCF: Quoting deduction under section 80CCF has been restricted to FY 2010- 11 and 2011-12.  Relaxation of PAN validation: PAN compliance validation of 85% pertaining to deductees of section code 206CK (Form no. 27EQ) has been relaxed.  Applicability: FVU version 3.71 is applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards

FVU version 3.71 will be mandatory w.e.f May 26, 2013. Upto May 25, 2013 FVU version 3.6 and FVU version 3.71 will be applicable. Key features of File Validation Utility (FVU) version 3.7  Section 80CCG: Section 80CCG has been incorporated for Form no. 24Q Q4. Section code 80CCG is applicable for FY 2012-13 onwards.  Section 80CCF: Quoting deduction under section 80CCF has been restricted to FY 2010- 11 and 2011-12.  Relaxation of PAN validation: PAN compliance validation of 85% pertaining to deductees of section code 206CK (Form no. 27EQ) has been relaxed.  Applicability: FVU version 3.7 is applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards  FVU version 3.7 will be mandatory w.e.f May 26, 2013.

Upto May 25, 2013 FVU version 3.6 and FVU version 3.7 will be applicable.

Key features of File Validation Utility (FVU) version 3.6  Import of challan file (.csi file): Import of challan file downloaded from the TIN website (Challan Status Inquiry) has been made mandatory at the time of validating the quarterly TDS/TCS statement, if the TDS/TCS is deposited through challan. This will be applicable in case of regular statement and for correction statement in the scenarios as below: o Update of challan (C2 correction). o Deductee/ Collectee and corresponding challan is updated (C3 correction). o Addition of challan (C9 Correction).

Incorporation of sections codes as below: Section code Section code to be quoted in Quarterly TDS/TCS Statement Applicable to TDS/TCS statement Form No.

Remarks 194LB 4LB 27Q Applicable from FY 2011-12 onwards 194LC 4LC 27Q Applicable from FY 2012-13 onwards 206CJ J 27EQ Applicable from FY 2012-13 onwards 206CK K 27EQ Applicable from FY 2012-13 onwards

Separate flag “O” has been incorporated for reporting salary details of “Super senior citizen” (individual above the age of 80 years) at Form no. 24Q. This categorization is applicable from FY 2011-12 onwards.  Separate flag “S” for categorizing software vendor transaction (as per ITD notification dated 21/2012) in Non-salary TDS statements (Form 26Q – Section code 194J and 27Q – Section code 195). This categorization is applicable from FY 2012-13 onwards.  FVU version 3.6 will be mandatory w.e.f October 16, 2012. Up to October 15, 2012 FVU version 3.5 and FVU version 3.6 will be applicable.

Key features of File Validation Utility (FVU) version 2.133  Import of challan file (.csi file): Import of challan file downloaded from the TIN website (Challan Status Inquiry) has been made mandatory at the time of validating the quarterly TDS/TCS statement, if the TDS/TCS is deposited through challan. This will be applicable in case of regular statement and for correction statement in the scenarios as below: o Update of challan (C2 correction). o Deductee/ Collectee and corresponding challan is updated (C3 correction). o Addition of challan (C9 Correction).

FVU version 2.133 will be mandatory w.e.f October 16, 2012.

Up to October 15, 2012 FVU version 2.132 and FVU version 2.133 will be applicable. Key features of File Validation Utility (FVU) version 3.5  Changes in the structural validations of Book Identification Number (BIN) quoted in quarterly TDS/TCS statements for TDS/TCS deposits made by Book entry (applicable only in case of Govt. deductors).

FVU version 3.5 (for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards) will be applicable from July 01, 2012. Key features of File Validation Utility (FVU) version 3.4  FVU 3.4 will be applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards.  Deductor can now quote the Date of deduction beyond the quarter.  FVU version 3.4 will be applicable with immediate effect. Key features of File Validation Utility (FVU) version 2.132  FVU 2.132 will be applicable for quarterly TDS/TCS statements (regular and correction) up to FY 2009-10.

Deductor can now quote the Date of deduction beyond the quarter.

FVU 2.132 will be applicable with immediate effect. Key features of File Validation Utility (FVU) version 3.3  FVU 3.3 will be applicable for quarterly TDS/TCS statements pertaining to FY 2010- 11 onwards  Mandatory to quote Book Identification Number - BIN (in case of Regular statement) for tax deposited by book entry (transfer voucher – applicable only in case of Govt. Deductors). BIN to contain details as below: o Seven Digit 24G receipt number (provided on successful acceptance of Form 24G statement at TIN central system) o Five digit DDO serial no. (provided for each DDO transaction in Form 24G statement) o Date of deposit of Tax  Correction file prepared to contain the “Hash value” as per the consolidated file, used for preparation of correction statement.

Mandatory to import consolidated file for validating correction statement.  For tax deducted at higher rate, if deductee PAN is valid, update allowed on all the fields of the deductee record except, higher deduction flag (flag “C”) mentioned against the corresponding deductee record.  FVU 3.3 will be mandatory with effect from February 01, 2012.  Files validated with FVU 3.2 and 3.3 will be allowed up to January 31, 2012. Note:  BIN can be obtained by deductor (Drawing and Disbursing Officer) from the respective Pay and Account Office (PAO) / District Treasure Office (DTO).  BIN can also be downloaded by the DDO under the TAN account login.

Key features of File Validation Utility (FVU) version 2.131  FVU 2.131 will be applicable for quarterly TDS/TCS statements (regular and correction) pertaining up to FY 2009-10.  Correction file prepared to contain the “Hash value” as per the consolidated file used for preparation of correction statement.  Mandatory to import consolidated file for validating correction statement.  FVU 2.131 will be mandatory with effect from February 01, 2012.  Files validated with FVU 2.130 and 2.131 will be allowed up to January 31, 2012.

Key features of File Validation Utility (FVU) version 3.2  FVU 3.2 will be applicable for quarterly TDS/TCS statements pertaining to FY 2010- 11 onwards and will be mandatory w.e.f April 01, 2011.

Mandatory to quote Mobile No. in quarterly TDS/TCS statements for deductor category other than Central govt. and State Govt.  Provision to quote the deduction under section 80CCF in salary details (applicable for 24Q Q4).  Total deduction under chapter VI A to include: o Deduction under section 80CCE o Deduction under section 80CCF o Deduction under other sections of chapter VI A  ‘Surcharge’ amount in salary details (provided annually in Annexure II -- 24Q Q4) should be less than or equal to ‘Total Taxable Income’.  ‘Education cess’ amount in salary details (provided annually in Annexure II -- 24Q Q4) should be less than or equal to ‘Total Taxable Income’.

Net Income tax payable’ amount in salary details (provided annually in Annexure II - - 24Q Q4) should be less than or equal to ‘Total Taxable Income’.  Guidelines for reporting TDS transactions not exceeding / exceeding threshold limit in quarterly TDS statements (as issued by Directorate of Income Tax - Systems).

Below guidelines may be referred, if deductor wishes to report the transaction in the quarterly TDS statement where no tax is deducted as threshold limit (as per the provisions of the Income tax Act) of amount paid/credited to deductee has not exceeded in the initial quarter (s) but has exceeded in subsequent quarter. 1) Flag “Y” may be selected in the field of ‘Reason for non deduction/ lower deduction/ higher deduction’ to highlight transactions where TDS is not deducted as the threshold for deducting tax has not exceeded.

2) Threshold flag can be quoted only against the following section codes in corresponding challan details: 193, 194, 194A, 194B, 194BB, 194C, 194D, 194EE, 194G, 194H, 194I, 194J, 194LA 3) Following approach may be referred for reporting threshold transactions in quarterly statements:

a. In case there is no deduction of tax in the first two quarters of a F.Y. where the prescribed rate of deduction as per Income Tax Rules is 10%. In the third quarter the threshold limit exceeds. Approach 1: The deductor may report those transactions in the respective quarterly TDS statements with zero rate of deduction (‘0.0000’), zero tax deducted/ deposited (‘0.00’) and amount paid in the respective quarters with threshold flag. The deductor will mention the prescribed rate of deduction, the amount paid in the third quarter, tax deducted/ deposited (deductee) on the total amount paid till that quarter.

The same is represented as follows: Pertai ning to quarte r Repo rting Quar ter PAN Rate of deducti on Date of payment* Amou nt paid (Rs.) Date of deduct ion Amount deducte d (Rs.) Amount deposit ed (Rs.) Reason for non deducti on /lower deducti on Q1 Q1 PAN 1 0 Q1 1,00,0 00 - 0 0 Threshol d flag Y present Q2 Q2 PAN 1 0 Q2 1,00,0 00 - 0 0 Threshol d flag Y present Q3 Q3 PAN 1 30 Q3 1,00,0 00 Q3 30,000.0 30,000.0 No flag present *The deductor must report the actual date of payment irrespective of the manner of reporting Approach 2: The deductor may report all transactions in the quarter in which the threshold has exceeded, represented as follows: Pertai ning to quarte r Repo rting Quar ter PAN Rate of deducti on Date of payment * Amou nt paid (Rs.) Date of deduct ion Amount deducte d (Rs.) Amount deposit ed (Rs.) Reason for non deducti on /lower deducti on

Q1 Q3 PAN 1 0.0000 Q1 1,00,0 00 - 0 0 Threshol d flag Y present Q2 Q3 PAN 1 0.0000 Q2 1,00,0 00 - 0 0 Threshol d flag Y present Q3 Q3 PAN 1 30.0000 Q3 1,00,0 00 Q3 30,000.0 30,000.0 No flag present *The deductor must report the actual date of payment irrespective of the manner of reporting Approach 3: The deductor may report all transactions in the quarter in which the threshold has exceeded, represented as follows: Pertai ning to quarte r Repo rting Quar ter PAN Rate of deducti on Date of payment * Amou nt paid (Rs.) Date of deduct ion Amount deducte d (Rs.) Amount deposit ed (Rs.) Reason for non deducti on /lower deducti on Q1 Q3 PAN 1 10.0000 Q1 1,00,0 00 Q3 10,000.0 10,000.0 Threshol d flag Y present Q2 Q3 PAN 1 10.0000 Q2 1,00,0 00 Q3 10,000.0 10,000.0 Threshol d flag Y present Q3 Q3 PAN 1 10.0000 Q3 1,00,0 00 Q3 10,000.0 10,000.0 No flag present *The deductor must report the actual date of payment irrespective of the manner of reporting  For validating e-TDS/TCS statement (regular and correction) for FY 2010-11 and onwards refer the table below: FVU version of e-TDS/TCS Regular statement FVU version applicable for e-TDS/TCS Correction

Key features of File Validation Utility (FVU) version 3.1  FVU 3.1 will be applicable for quarterly TDS/TCS statements pertaining to FY 2010- 11 onwards and will be mandatory w.e.f. April 01, 2011.  Mandatory to quote Mobile No. in quarterly TDS/TCS statements for deductor category other than Central govt. and State Govt.  Provision to quote the deduction under section 80CCF in salary details (applicable for 24Q Q4).  Total deduction under chapter VI A to include: o Deduction under section 80CCE o Deduction under section 80CCF o Deduction under other sections of chapter VI A  ‘Surcharge’ amount in salary details (provided annually in Annexure II -- 24Q Q4) should be less than or equal to ‘Total Taxable Income’.

Education cess’ amount in salary details (provided annually in Annexure II -- 24Q Q4) should be less than or equal to ‘Total Taxable Income’.  ‘Net Income tax payable’ amount in salary details (provided annually in Annexure II - - 24Q Q4) should be less than or equal to ‘Total Taxable Income’.  Highlight transaction where tax has not been deducted as threshold limit is not exceeded (as per the provisions of Income Tax Act). in the first quarter (s) but in subsequent quarter has exceeded the threshold limit.

Guidelines for reporting such transactions is as below: Guidelines for reporting TDS transactions where amount paid to deductee has not exceeded the threshold limit in the first quarter but in subsequent quarters has exceeded threshold limit (as issued by the Directorate of Income Tax – Systems) 4) Flag “Y” should be selected in the field of ‘Reason for non-deduction/ lower deduction’ to highlight transactions where TDS is not deducted as the threshold for deducting tax has not exceeded.

submitted statement FVU version 2.128 FVU version 3.2 FVU version 3.0 FVU version 3.2 FVU version 3.1 FVU version 3.2 FVU version 3.2 FVU version 3.2

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