The TIN-NSDL has changed the procedure of e-TDS/TCS Return file for Asstt. Year 2014-15 and effected from 01.02.2014. The Major changes has been takes place by NSDL in e-TDS/TCS Return Filing by FVU for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards i.e. Asstt. Year 2014-15, and while creating FVU file, TDS Deductor/Collector Form 27A is also generated by NSDL FVU Ver 4.1 Utility. Now a days there are many softwares for e-TDS/TCS Return, apart from this TIN-NSDL published Free FVU utility to their TAX Deductor or Collector,which is required to be filed along with e-TDS/TCS FVU file.
"With effect from February 1, 2014, it is mandatory to submit Form 27A generated by TDS/TCS FVU (File Validation Utility) duly signed, along the TDS/TCS statement/(s). Any other Form 27A submitted will be treated as invalid submission and the same will be rejected by TIN-FC branches. (27/01/2014)"
Major changes are as under:
- 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.
Free Download NSDL FVU Ver. 4.1 for Form 27A
