TaxPro. Key Features File Validation Utility (FVU) version 5.7

Transcription

1 TaxPro 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: Field no. 31) Deductee is Non-Resident (value Y or N is allowed under this field). Field no. 32) Deductee is having Permanent Establishment in India (value Y or N is allowed under this field). The above referred validations are applicable for Regular and Correction (C3) statements pertaining to FY onwards. Nature of remittance option present under deductee details for Form 27Q is to be made mandatory from FY onwards. It will be applicable to correction (C3) and regular statements. This version of FVU is applicable with effect from January 11, Key Features File Validation Utility (FVU) version This version of FVU is applicable with effect from January 11, Key Features File Validation Utility (FVU) version 5.6 o Change in validations for all section codes available for Form 27EQ Form 27EQ. mark is only allowed when the values PANAPPLIED, PANINVALID or PANNOTAVBL are present in the field PAN of Deductee. debited. are applicable for Regular and Correction statements pertaining to FY onwards. o Addition of new field i.e. Goods and Service Tax Number (GSTN) under Batch Header (BH) of TDS/TCS statement value. Please provide valid 15 digit GSTN forms and FYs. -numeric value. o State code of employer made mandatory in all correction statements (i.e. all batches of correction statement)

2 header (BH) field no. 26. o Change in validation for section code 194J - Fees for Professional or Technical Services for Form 26Q: lower deduction onwards. to FY This version of FVU is applicable with effect from October 07, Key Features File Validation Utility (FVU) version 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. t pertains to all 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, 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 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.

3 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 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 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 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 and validate the file. File Validated with old FVU version will not be accepted. Key Features File Validation Utility (FVU) version 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 and validate the file. File Validated with old FVU version will not be accepted. 16, 2017.

4 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 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 onwards) and FVU version (applicable for TDS/TCS statements from FY up to FY ).

5 Key Features File Validation Utility (FVU) version 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. 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.

6 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, Key Features File Validation Utility (FVU) version 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, 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 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 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 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.

7 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 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 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, Key Features File Validation Utility (FVU) version 2.148

8 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 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, Key Features File Validation Utility (FVU) version 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, 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.

9 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 ID and mobile number of deductor/collector and responsible person in TDS/TCS Statement. One of 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, Key Features File Validation Utility (FVU) version 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 IDs of deductor/collector and responsible person in TDS/TCS Statement. One of 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, Key Features File Validation Utility (FVU) version 4.9 Remark B is made applicable for Section code 194DA for Form 26Q, FY , Q3 onwards. Addition of challan (i.e. C9 correction) in correction statements:

10 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 Mandatory to quote Certificate number for Form 26Q where the remark value selected as B : o Applicable for statements which pertains to FY , 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, G or H ). Key Features File Validation Utility (FVU) version 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 e with effect from December 19, 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

11 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 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 & 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 onwards.

12 Validations with respect to remark C under deductee details (Annexure I) has been relaxed for section 194LC for the statements pertains to FY onwards (said validation will be applicable only for Form 27Q). Key Features File Validation Utility (FVU) version (Annexure I) will be applicable from Q3 of FY onwards. ductee details (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 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, Key Features File Validation Utility (FVU) version Quoting of PAN of responsible person for deducting/ collecting tax. This version of FVU will be applicable with effect from April 21, 2015

13 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 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 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 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 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 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 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 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 onwards:

14 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 onwards. Applicability of FVU version: From September 23, 2014, FVU version 4.4 would be mandatory for statements pertain to FY onwards. Key feature of FVU version 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 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 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 would be mandatory for statements pertain to FY to FY 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 onwards. Key feature of FVU version 2.139

15 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 would be mandatory for statements pertain to FY to FY 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 , 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 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 , 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 and are applicable upto January 03, 2014 and from January 04, 2014 it would be mandatory to validate the TDS/TCS statements using FVU version Key feature of FVU version 4.0 Change in validation of Section code 194LC:

16 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 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, Further, FVU version 4.0 would be mandatory from October 01, Key features Nil challans/transfer vouchers with deductee record: Validation as below is applicable: o Nil challans/transfer vouchers need to mandatorily have deductee records.

17 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 and are applicable upto September 30, Further, FVU version would be mandatory from October 01, 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 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 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, Further, FVU version 3.9 would be mandatory from September 01, Key features 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.

18 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 and are applicable upto August 31, Further, FVU Version would be mandatory from September 01, Key feature of FVU version 3.8 Change in data structure of quarterly TDS/TCS statement pertaining to FY onwards as below: o Alternate contact details like 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 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)

19 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 Key features of FVU 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 onwards. Discontinuation of Y type of correction statement. FVU version 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 onwards. Section 80CCF: Quoting deduction under section 80CCF has been restricted to FY and 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 onwards

20 FVU version 3.71 will be mandatory w.e.f May 26, 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 onwards. Section 80CCF: Quoting deduction under section 80CCF has been restricted to FY and 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 onwards FVU version 3.7 will be mandatory w.e.f May 26, 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 onwards 194LC 4LC 27Q Applicable from FY onwards 206CJ J 27EQ Applicable from FY onwards 206CK K 27EQ Applicable from FY onwards

21 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 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 onwards. FVU version 3.6 will be mandatory w.e.f October 16, 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 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 will be mandatory w.e.f October 16, Up to October 15, 2012 FVU version and FVU version 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).

22 FVU version 3.5 (for quarterly TDS/TCS statements pertaining to FY onwards) will be applicable from July 01, Key features of File Validation Utility (FVU) version 3.4 FVU 3.4 will be applicable for quarterly TDS/TCS statements pertaining to FY 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 FVU will be applicable for quarterly TDS/TCS statements (regular and correction) up to FY Deductor can now quote the Date of deduction beyond the quarter. FVU 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 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, Files validated with FVU 3.2 and 3.3 will be allowed up to January 31, 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.

23 Key features of File Validation Utility (FVU) version FVU will be applicable for quarterly TDS/TCS statements (regular and correction) pertaining up to FY 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 will be mandatory with effect from February 01, Files validated with FVU and will be allowed up to January 31, Key features of File Validation Utility (FVU) version 3.2 FVU 3.2 will be applicable for quarterly TDS/TCS statements pertaining to FY onwards and will be mandatory w.e.f April 01, 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 Q 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:

24 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 ( ), 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, Threshol d flag Y present Q2 Q2 PAN 1 0 Q2 1,00, Threshol d flag Y present Q3 Q3 PAN 1 30 Q3 1,00,0 00 Q3 30, , 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

25 Q1 Q3 PAN Q1 1,00, Threshol d flag Y present Q2 Q3 PAN Q2 1,00, Threshol d flag Y present Q3 Q3 PAN Q3 1,00,0 00 Q3 30, , 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 Q1 1,00,0 00 Q3 10, , Threshol d flag Y present Q2 Q3 PAN Q2 1,00,0 00 Q3 10, , Threshol d flag Y present Q3 Q3 PAN Q3 1,00,0 00 Q3 10, , 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 and onwards refer the table below: FVU version of e-tds/tcs Regular statement FVU version applicable for e-tds/tcs Correction

26 submitted statement FVU version 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 Key features of File Validation Utility (FVU) version 3.1 FVU 3.1 will be applicable for quarterly TDS/TCS statements pertaining to FY onwards and will be mandatory w.e.f. April 01, 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 Q 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.

27 5) If threshold flag is provided then rate of deduction should be and tax deducted/ deposited (deductee) amount should be ) Threshold flag is 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 7) Example: 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%, the deductor should report those transactions in the respective quarterly TDS statements with zero rate of deduction ( ), zero tax deducted/ deposited ( 0.00 ) and amount paid in the respective quarters with threshold flag. In the third quarter the threshold limit exceeds, 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: PAN Rate of deduction Q1 Amount paid (Rs.) Amount deducted (Rs.) Amount deposited (Rs.) Reason for non deduction /lower deduction PAN1 0 1,00, Threshold flag Y present Q2 PAN1 0 1,00, Threshold flag Y present Q3 PAN1 30% 1,00,000 30,000 30,000 No flag present For validating e-tds/tcs statement (regular and correction) for FY and onwards refer the table below: FVU version of e-tds/tcs Regular statement submitted FVU version applicable for e-tds/tcs Correction statement FVU version FVU version 3.1 FVU version 3.0 FVU version 3.1 FVU version 3.1 FVU version 3.1 Key features of File Validation Utility (FVI) version Applicable for quarterly e-tds/tcs statement (regular and correction) up to F.Y Rupee symbol incorporated for amount fields in FVU statement statistic report.

28 For validating e-tds/tcs statement up to FY refer the table below: FVU version of e-tds/tcs Regular statement submitted FVU version applicable for e-tds/tcs Correction statement FVU version FVU version FVU version FVU version FVU version FVU version FVU version FVU version New Features & Enhancement in NSDL File Validation Utility Version 3.0 Key features of FVU 3.0 applicable for e-tds/tcs statements (regular and correction) pertaining to F.Y onwards are: Allowed to validate statement (regular and correction) pertaining to FY and onwards only. Mandatory to quote valid PAN in case TDS is not at higher rate Valid PAN to be quoted for Lower/No deduction of TDS. No value to be quoted in PAN reference no. field of deductee details For TDS/TCS deposited by book entry, 7 digit number generated by TIN for accepted Form 24G statement to quoted in BSR code field. This value will be provided by the Accounts Officer to the deductor. For TDS/TCS deposited by book entry, 5 digit number generated by TIN for DDO record of accepted Form 24G statement will be quoted in Transfer voucher field. This value will be provided by the Accounts Officer to the deductor. Transporter transaction where no deduction has been carried to marked separately as T. Flag T to be mentioned in the field for lower or no deduction at deductee detail. Remarks for lower/no/higher deduction need to be populated irrespective of deductee mode (Add/Update/Delete) in case of correction statement. Field for mobile no. of responsible person has been added. Any one of the contact details of deductor/collector is mandatory: o Deductor/collector telephone no. along with STD code o Responsible person telephone no. along with STD code o Mobile no. responsible person Mandatory to quote id of deductor/collector or responsible person. For records marked with higher rate only below mentioned fields can be updated: o PAN o Amount of payment o Date of payment PAN compliance validation is discontinued for Form no. 24Q (95%) and 26Q (85%). Further for validating e-tds/tcs statement for FY and onwards refer the table below:

29 FVU version of e-tds/tcs Regular statement submitted FVU version applicable for e-tds/tcs Correction statement FVU version FVU version 3.0 FVU version 3.0 FVU version 3.0 New Features & Enhancement in NSDL File Validation Utility Version Key features of FVU applicable for e-tds/tcs statements (regular and correction) up to F.Y are: Validate statement (regular and correction) only upto FY No changes in the validations for e-tds/tcs statements upto FY i.e., validation of FVU version Further for validating e-tds/tcs statement upto FY refer the table below: FVU version of e-tds/tcs Regular statement submitted FVU version applicable for e-tds/tcs Correction statement FVU version FVU version FVU version FVU version FVU version FVU version New Features & Enhancement in NSDL File Validation Utility Version PAN of Deductor / Collector : Mandatory to mention the PAN of the Deductor / Collector. If deductor is not required to have a PAN mention PANNOTREQD Deductor / Collector Type: Deductor categories to be mentioned as like Central Government, State Government and Company etc. State Name:

30 Mandatory for Deductor Type: 1. State Govt. 2. Statutory body - State Govt., 3. Autonomous body - State Govt. and 4. Local Authority - State Govt. Other Deductor Type: No value should be provided. PAO Code (20 Character): In case PAO Code is not available then mention value PAOCDNOTAVBL Mandatory for Deductor Type: 1. Central Govt. Optional for Deductor Type: 1. State Govt. 2. Statutory body - Central Govt. 3. Statutory body - State Govt. 4. Autonomous body - Central Govt. 5. Autonomous body - State Govt. 6. Local Authority - Central Govt. & 7. Local Authority - State Govt. Other Deductor Type: No value should be provided. DDO Code (20 Character): In case DDO Code is not available then mention value DDOCDNOTAVBL Mandatory for Deductor Type: 1. Central Government. Optional for Deductor Type: 1. State Government 2. Statutory body - Central Govt. 3. Statutory body - State Govt. 4. Autonomous body - Central Govt.

31 5. Autonomous body - State Govt. 6. Local Authority -Central Govt. 7. Local Authority - State Govt. Other Deductor Type: No value should be provided. Ministry Name: Mandatory for Deductor Type: 1. Central Govt. 2. Statutory body - Central Govt. 3. Autonomous body - Central Govt. Optional for Deductor Type: 1. Statutory body - State Govt., 2. Autonomous body - State Govt. 3. Local Authority - Central Govt. & 4. Local Authority -State Govt. For other deductor type no value should be provided. Other Deductor Type: No value should be provided Ministry Name Other: If ministry name Other is provided in Ministry Name field then value in Ministry Name "Other" field should be provided. PAO Registration No. : Optional for Deductor Type: 1. Central Govt. 2. State Govt. 3. Statutory Body - Central Govt. 4. Statutory Body - State Govt.

32 5. Autonomous body - Central Govt. 6. Autonomous body - State Govt. 7. Local Authority - Central Govt. & 8. Local Authority - State Govt. Other Deductor Type: No value should be provided DDO Registration No. : Optional for Deductor Type: 1. Central Govt. 2. State Govt. 3. Statutory Body - Central Govt. 4. Statutory Body - State Govt. 5. Autonomous body - Central Govt. 6. Autonomous body - State Govt. 7. Local Authority - Central Govt. & 8. Local Authority - State Govt. Other Deductor Type: No value should be provided Transfer Voucher No. : Applicable only in case of a Government Organization i.e. only if value in field "Deductor Type" is Central Government or State Government. No value should be present in this column in case of a NIL Statement or in case of deductor type other than Central Government or State Government. Additional File for the Validation i.e. Challan Input File (Optional): Challan Input Filename (with the.csi extension). File name should not be more than 25 Characters including.csi extension. Challan file can be downloaded from the NSDL website from the following link

33 After opening the above link click on the TAN based View And enter the TAN and From & To Date for which you want to download the Challan file (Please check the minimum & maximum date in your Challan details given in your return to download the file for correct period). Then Click on Download Challan File On selecting this option text file containing Challan details for the selected TAN and period can be downloaded. This file should be used to verify the Challan details mentioned in the Quarterly e- TDS/TCS statement along with the text file generated by s/w during the file validation. On successful validation of Quarterly e-tds/tcs statement, FVU will provide the matching statistic for Challan details mentioned in the e-tds/tcs statement. Period selected should be within 15 months. Challan details of TDS/TCS Payments made for Regular Assessment (Raised by I. T. Dept. ) will not be present in Challan file downloaded In case the input file is valid, FVU will generate three files: FORM26Q.html - 'TDS/TCS Statement Statistics Report'