TIN-NSDL has been published latest FVU version 3.9 and 2.135 for TDS Deductor's and TCS Collector's w.e.f. 01.09.2013 (mandatory) to submit TDS Quarterly Statement for Asstt. Year 2014-15. In the below Key Features shows all these new amendments are to clarify TDS/TCS Deductors difficulties. Therefore, TDS/TCS Deductor read carefully all these amendments features regarding filing of Quarterly Statement for Asstt. Year 2014-15.
Key Feature of FVU Version 3.9
Key Feature of FVU Version 3.9
- Change in validation of quarterly TDS/TCS statements are as below:
- Book entry flag should not be provided in the challan details for nil challan\nil transfer voucher for all the financial years.
- 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.
- 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:
- 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”.
- 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:
- 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”.
- 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.
FREE DOWNLOAD LATEST FVU 3.9 & 2.135 VER. W.E.F. 01.09.2013
