Today is the last date to submit 3rd Quarter TDS (Statement) Return for Fin. Year 2015-16. The filing of e-TDS Return had changed vide Income Tax Notification 57/2011. After this amendment TDS deductors has file e-TDS Returns Quarterly at the end of Quarter end month within 15 days grace period. It is very important to file e-TDS return to all TDS/TCS Deductors on time otherwise late filing fees, penalty of late filing arises.
Not Filing or Late Filing of TDS Retun shall comes under penal Provisions: 1. Fee for Late Filing as per section 234E (Fees Rs. 200/- Per day - Mandatory) and 2. Penalty for Late Filing or Non Filing of TDS Statement as per section 271H (Upto Rs. 1 Lac Penalty, if delay beyond one year or Incorrect details like PAN, TDS Amount Challan etc.).
Section 234E – Levy of Fees : 1. Failure to submit e-TDS Statement on time will result in fees on the deductor., 2. If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed., 3. The levied amount of fee is not supposed to exceed the TDS deductibles. and 4. Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.
Section 271H – Penalty : Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees - 1. If deductor exceeds one year time limit to File TDS Statement and 2. If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.
Therefore, don't miss to file e-TDS Return of 3rd Quarter within due time.
Key Features – 3rd Quarter TDS Return Utility - 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.
“Certificate number” to be quoted for Form 26Q where the remark value selected as ‘B’: 1) Certificate number field will be optional., 2) Applicable for statements which pertains to FY 2015-16, Q3 onwards. and 3) 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 – 3rd Quarter TDS Return Utility - 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-TDS/TCS FVU.exe (Version 4.9) - Free Download
e-TDS/TCS FVU.exe (Version 2.145) - Free Download
Key Features – Return Preparation Utility (RPU) version 1.4
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 and State Government, applicable only for statements pertaining up to FY 2012-13.
“Certificate number” to be quoted for Form 26Q where the remark value selected as ‘B’: Certificate number field will be optional, Applicable for statements which pertains to FY 2015-16, Q3 onwards, 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”).
Incorporation of latest File Validation Utility (FVU) version 4.9 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.145 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).
New e-TDS/TCS Return Prepartion Utility Ver. 1.4 for 3rd Quarter & Correction Statement(s) - Free Download
Download e-Gov. RPU e-Tutorial (Version 1.6)
Not Filing or Late Filing of TDS Retun shall comes under penal Provisions: 1. Fee for Late Filing as per section 234E (Fees Rs. 200/- Per day - Mandatory) and 2. Penalty for Late Filing or Non Filing of TDS Statement as per section 271H (Upto Rs. 1 Lac Penalty, if delay beyond one year or Incorrect details like PAN, TDS Amount Challan etc.).
Section 234E – Levy of Fees : 1. Failure to submit e-TDS Statement on time will result in fees on the deductor., 2. If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed., 3. The levied amount of fee is not supposed to exceed the TDS deductibles. and 4. Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.
Section 271H – Penalty : Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees - 1. If deductor exceeds one year time limit to File TDS Statement and 2. If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.
Therefore, don't miss to file e-TDS Return of 3rd Quarter within due time.
Key Features – 3rd Quarter TDS Return Utility - 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.
“Certificate number” to be quoted for Form 26Q where the remark value selected as ‘B’: 1) Certificate number field will be optional., 2) Applicable for statements which pertains to FY 2015-16, Q3 onwards. and 3) 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”).
This version of FVU is applicable with effect from December 19, 2015.
Key Features – 3rd Quarter TDS Return Utility - 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.
This version of FVU is applicable with effect from December 19, 2015.
e-TDS/TCS FVU.exe (Version 4.9) - Free Download
e-TDS/TCS FVU.exe (Version 2.145) - Free Download
Key Features – Return Preparation Utility (RPU) version 1.4
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 and State Government, applicable only for statements pertaining up to FY 2012-13.
“Certificate number” to be quoted for Form 26Q where the remark value selected as ‘B’: Certificate number field will be optional, Applicable for statements which pertains to FY 2015-16, Q3 onwards, 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”).
Incorporation of latest File Validation Utility (FVU) version 4.9 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.145 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).
New e-TDS/TCS Return Prepartion Utility Ver. 1.4 for 3rd Quarter & Correction Statement(s) - Free Download
Download e-Gov. RPU e-Tutorial (Version 1.6)
