TDS Return FVU Ver. 7.0 release with new features.

TDS Return FVU Ver. 7.0 release with new features.

e-TDS /TCS returns prepared for FY 2007-08 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

The e-TDS/TCS FVU is a Java based utility. JRE (Java Run-time Environment) [versions: SUN JRE: 1.6 onwards] should be installed on the computer where the e-TDS/TCS FVU is being installed. Java is freely downloadable from http://java.sun.com and http://www.ibm.com/developerworks/java/jdk or you can ask your vendor providing computer facilities (hardware) to install the same for you.

The e-TDS/TCS FVU setup file (e-TDS/TCS FVU.exe) comprises of three files namely:

•     TDS FVU Readme.rtf: This file contains instructions for setup of the e-TDS FVU.

•     e-TDS FVU Setup.exe: This is a setup program for installation of FVU.

•     These files are in an executable zip file. These files are required for installing the e-TDS/TCS FVU.

“Please download and replace the existing folders with the latest version of FVU and RPU folders available at TIN website. Replacing only the FVU Jar file in the old folder may lead to the rejection of statement at the time of submission of the file.”

FVU for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards

•     e-TDS/TCS FVU.exe (Version 7.0) | New features/Validations

FVU for quarterly e-TDS/TCS statement up to FY 2009-10

•     e-TDS/TCS FVU.exe (Version 2.166) | New features/Validations

Instructions for extracting the files are given in:

•     e-TDS FVU Extract

Extraction of e-TDS/TCS FVU

•     To extract these files, double-click on 'e-TDS FVU.exe'.

•     A 'WinZip Self-Extractor - e-TDS FVU.exe' will open.

•     By default, the path selected for extraction of the three files will be 'C:\e-TDS FVU'.

•     The files can also be extracted in any other location (other than C:\e-TDS FVU). In that case, the appropriate path has to be defined by clicking the 'Browse' button where the three files should be extracted.

•     Thereafter, click on 'Unzip' button.

•     On clicking the 'Unzip' button, the three files mentioned above will get extracted to the specified path (i.e. in folder 'C:\ e-TDS FVU' by default or at the specified path).

Installation of e-TDS/TCS FVU

The e-TDS/TCS FVU can be setup as per the procedure mentioned in the 'e-TDS FVU Readme.rtf' file (one of the three files extracted).
  

Running the FVU

The procedure to run FVU is given in the Readme button on the window opened by clicking e-TDS/TCS FVU icon.


Source: https://www.tin-nsdl.com/services/etds-etcs/etds-file-validation-utility.html

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Last Date of 2nd Quarter TDS Return is 31st October, 2017

We all are well known about TDS Quarter Return. Annually 4 Quarters are filed by TDS Deductor i.e. April-June (1st Quarter), July-September (2nd Quarter), October-December (3rd Quarter) and January-March (4th Quarter).  Now, the time is 2nd Quarter filing of return i.e. July-September on or before 31st October because the last date of 2nd Quarter for filing for Fin. Year 2017-18. File on time and avoid unwarranted penalties and default notice.

With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns.

• Failure to submit e-TDS Statement on time will result in fees on the deductor.
• 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.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement

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Detailed Key Features of FVU Ver. 2.152

Key Features – File Validation Utility (FVU) version 2.152

Addition of new field i.e. “Goods and Service Tax Number (GSTN)” under Batch Header (BH) of TDS/TCS statement

• GSTN no. should be 15 digit alpha-numeric value.
• In case the number is less than 15 digits FVU will populate an error message “Invalid value. Please provide valid 15 digit GSTN”
• Applicable for regular and correction (C1, C2, C3, C4 and C5) statement pertains to all forms and FYs.

State code of employer made mandatory in all correction statements (i.e. all batches of correction statement)

• All the correction statements should have employer/deductors state code under batch header (BH) field no. 26. 

This version of FVU is applicable with effect from October 07, 2017.

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Latest FVU Quarterly Return Utility for e-TDS/TCS with Installation Process w.e.f. 07.10.17.

The e-TDS/TCS FVU is a Java based utility. JRE (Java Run-time Environment) [versions: SUN JRE: 1.6 onwards] should be installed on the computer where the e-TDS/TCS FVU is being installed. Java is freely downloadable from http://java.sun.com and http://www.ibm.com/developerworks/java/jdk or you can ask your vendor providing computer facilities (hardware) to install the same for you.

The e-TDS/TCS FVU setup file (e-TDS/TCS FVU.exe) comprises of three files namely:

• TDS FVU Readme.rtf: This file contains instructions for setup of the e-TDS FVU.
• e-TDS FVU Setup.exe: This is a setup program for installation of FVU.
• These files are in an executable zip file. These files are required for installing the e-TDS/TCS FVU.

FVU for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards

• e-TDS/TCS FVU.exe (Version 5.6)

FVU for quarterly e-TDS/TCS statement up to FY 2009-10

• e-TDS/TCS FVU.exe (Version 2.152)

Installation of e-TDS/TCS FVU
The e-TDS/TCS FVU can be setup as per the procedure mentioned in the 'e-TDS FVU Readme.rtf' file (one of the three files extracted).
 

Running the FVU
The procedure to run FVU is given in the Readme button on the window opened by clicking e-TDS/TCS FVU icon.

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Very Easy to file e-TDS/e-TCS Return in 5 Steps

Now, it is very easy to file Statement of e-TDS/e-TCS Return in only 5 Steps.  The detail information regarding this are as follows :

Step: 1

The data structure (file format) in which the e-TDS / e-TCS return is to be prepared has been notified below:
Quarterly Return :

For regular statements pertaining to FY 2010-11 onwards:

• File Format for Form 24Q Q1 to Q3 Version 5.6
• File Format for Form 24Q (4th Quarter) Version 6.1
• File Format for Form 26Q Q1 to Q4 Version 6.0
• File Format for Form 27EQ Q1 to Q4 Version 5.8
• File Format for Form 27Q Q1 to Q4 Version 6.0

For regular statements up to FY 2009-10:

• File Format for Form 24Q (1st,2nd & 3rd quarters) Version 5.2
• File Format for Form 24Q (4th quarter) Version 5.5
• File Format for Form 26Q Q1 to Q4 Version 5.2
• File Format for Form 27EQ Q1 to Q4 Version 5.2
• File Format for Form 27Q Q1 to Q4 Version 5.2

For correction statements pertaining to FY 2010-11 onwards:

• File Format for Form 24Q correction Q1 to Q3 Version 5.9
• File Format for Form 24Q correction (4th Quarter) Version 6.3
• File Format for Form 26Q correction Q1 to Q4 Version 6.2
• File Format for Form 27EQ correction Q1 to Q4 Version 6.2
• File Format for Form 27Q correction Q1 to Q4 Version 6.1

For correction statements up to FY 2009-10:

• File Format for Form 24Q correction (1st,2nd& 3rd quarters) Version 5.5
• File Format for Form 24Q correction (4th Quarter) Version 5.6
• File Format for Form 26Q correction Q1 to Q4 Version 5.5
• File Format for Form 27Q correction Q1 to Q4 Version 5.4
• File Format for Form 27EQ correction Q1 to Q4 Version 5.5

Step: 2
e-TDS/e-TCS return in accordance with the file formats is to be prepared in clean text ASCII format with 'txt' as filename extension. e-TDS/e-TCS return can be prepared using in-house software, any other third party software or the NSDL e-TDS Return Preparation Utility.
Feedback Form

Sample files prepared as per the file formats given below for reference.
Quarterly Return :
For statement pertaining to FY 2010-11 onwards:

    Sample file for Form 24Q (1st, 2nd & 3rd Quarter)
    Sample file for Form 24Q (4th Quarter)
    Sample file for Form 26Q
    Sample file for Form 27Q
    Sample file for Form 27EQ

For statement upto FY 2009-10

    Sample file for Form 24Q (1st, 2nd & 3rd Quarter)
    Sample file for Form 24Q (4th Quarter)
    Sample file for Form 26Q
    Sample file for Form 27Q
    Sample file for Form 27EQ

Step: 3

Once the file has been prepared as per the file format, it should be verified using the File Validation Utility (FVU) provided by NSDL e-Gov.

*FVU for Quarterly Returns: e-TDS / e-TCS returns prepared upto FY 2009-10 (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

*FVU for Quarterly Returns: e-TDS / e-TCS returns prepared for FY 2010-11 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

Step: 4

In case file has any errors the FVU will give a report of the errors. Rectify the errors and verify the file again through the FVU.

Step: 5
The upload file generated by the FVU on successful validation is to be furnished to a TIN-FC.
Quarterly Return :

Each e-TDS/TCS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27A). With effect from February 1, 2014, it is mandatory to submit Form 27A generated by TDS/TCS FVU (File Validation Utility) duly signed, along with 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. (Form 27A).

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Latest updated e-TDS/TCS RPU and FVU w.e.f. 23th Feb. 2017

Recently, TIN-NSDL has updated e-TDS/TCS Return Preparation Utility (RPU) and File Validation Utilities (FVUs), which are applicable from Feb. 23, 2017 and Onwards.  This new RPU and FVU Utilities are avilable at TIN Nsdl Official Website.

Key Features – Return Preparation Utility (RPU) version 1.9

“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. 34, 36, 38 and 40 has been relaxed. These fields may contain any value from the below mentioned when the landlord does not have PAN.
1. Payment made to Government organization (Central/State only): This is applicable when landlords are Government organizations (i.e. Central or State).
2. Payment made to Non-resident: This is applicable when the landlords are Non-Residents.
3. Payment made to Other than Government organization and Non-resident: This is applicable when the landlords are other than Government organization and Non-Residents.

• Non-update of Deductee/Collectee records from Annexure I and Annexure ll in TDS/TCS correction statements when Form 26A/27BA has been generated.
• Deductee/Collectee against which Form 26A/27BA 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

• Deductee against which Form 26A/27BA 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.
• Such Deuctee/Collectee records will be present in the TDS/TCS consolidated file with a flag value ‘F’ against the field ‘Mode’ as per specified file format.
• This is applicable from Financial Year 2007-08 onwards.
• e-TDS/TCS correction statements received with the changes not desired as per above, will be rejected at TDS CPC of Income Tax Department.
• Incorporation of latest File Validation Utility (FVU) version 5.4 (applicable for TDS/TCS 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 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.
• Deductee/Collectee against which Form 26A/27BA 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

• Deductee against which Form 26A/27BA 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.
• Such Deuctee/Collectee records will be present in the TDS/TCS consolidated file with a flag value ‘F’ against the field ‘Mode’ as per specified file format.
• This is applicable from Financial Year 2007-08 onwards.
• e-TDS/TCS correction statements received with the changes not desired as per above, will be rejected at TDS CPC of Income Tax Department.
• Incorporation of latest File Validation Utility (FVU) version 5.4 (applicable for TDS/TCS 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).
• This version of FVU is applicable with effect from February 23, 2017.

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.

Deductee/Collectee against which Form 26A/27BA 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

• Deductee against which Form 26A/27BA 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.
• Such Deuctee/Collectee records will be present in the TDS/TCS consolidated file with a flag value ‘F’ against the field ‘Mode’ as per specified file format.
• This is applicable from Financial Year 2007-08 onwards.
• e-TDS/TCS correction statements received with the changes not desired as per above, will be rejected at TDS CPC of Income Tax Department.
• This version of FVU is applicable with effect from February 23, 2017.

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Don't Miss to File Your TDS Returns Q-3 Before 31st January, 2017

File your TDS Returns (Q3) by 31st January, 2017

LAST DATE OF TDS RETURN FILING FOR QUARTER 3, FY: 2016-17 IS 31st JANUARY, 2017

With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns.

• Failure to submit e-TDS Statement on time will result in fees on the deductor.
• 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.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.

Fees and Penalty for Late Filing of TDS Returns are as follows:

Section 234E – Levy of Fees 

• Failure to submit TDS return on time will result in fees on the deductor.
• If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS return is not filed.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to TDS filing such fee should be paid and it should be reflected in the TDS return.

Section 271H – Penalty

• Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,
• If deductor exceeds one year time limit to File TDS return.
• If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.

Source: TDS Man

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PANs Correction in TDS Q1 and Q2 Statement for Fin. Year 2016-17

Centralized Processing Cell (TDS) has observed from its records that you have reported “Structurally Correct, however Invalid PANs” in your TDS Statement filed for Quarter 2 of Financial Year 2016-17. To correct such errors, CPC (TDS) Analytics provides facility of correct PAN suggestions for the Deductees, while submitting Online PAN Corrections based on your statement filing history.

Action to be taken:

• “Online Correction” facility of TRACES can be used with Digital Signatures for correction of PANs. To avail the facility, you are requested to “Login to TRACES” and navigate to “Defaults” tab to locate “Request for Correction” from the drop-down menu. For assistance, please refer to the e-tutorial available on TRACES.
• While submitting PAN Corrections, CPC (TDS) Analytics identifies the above referred errors for you and provides suggestions for Valid PANs. This will reflect as follows while submitting corrections:

Implications, if Errors are not corrected:

Deductor would not have been able to generate TDS Certificates for deductees with such incorrect PANs. In case, you have issued TDS Certificates outside TRACES, they will not be valid. In view of CBDT circulars 04/2013 dated 17.04.2013, No. 03/2011 dated 13.05.2011 and No. 01/2012 dated 09.04.2012, TDS Certificates downloaded only from TRACES Portal will be valid. Certificates issued in any other form or manner will not comply to the requirements referred in the Income-tax Act 1961 read with relevant Rules and Circulars issued in this behalf from time to time.

• Correct TDS Credits in 26AS statements to such taxpayers will not be available and they will not be able to avail the same, while filing their Income Tax Returns.
• As per section 206AA of the Income Tax Act, tax is to be deducted at a higher rate, in case of “Not Available/ Invalid PANs”. Therefore, default of Short Deduction, including Interest is charged on the deductor, if the tax has not been deducted at higher rate, as per the provisions of section 206AA.

Therefore, to avoid generation of defaults against you and to avoid any inconvenience to your deductees, please make full use of the above referred facility.

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New e-TDS/TCS RPU Ver. 1.8 for Regular & Correction Statement(s) from FY 2007-08 w.e.f. 26-11-2016

Recently, TIN-NSDL has been updated RPU Ver. 1.7 with 1.8 for Regular and Correction Statements for Asstt. Year 2016-17 and onwards w.e.f. 26th November 2016.

Key Features – Return Preparation Utility (RPU) version 1.8

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.

Incorporation of latest File Validation Utility (FVU) version 5.3 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.149 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).

Download RPU Ver. 1.8 

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Free Download Latest FVU Ver 2.149 and 5.3 applicable w.e.f. 26th November 2016

Recently, TIN-NSDL had released File Validation Utility Version 2.149 and version 5.3 w.e.f. 26th November 2016.  The Details are as under :

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 5.3

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.MS Government constitute committee to increase Retirement Age Limit from 58 to 60 Years.

File Validation Utility Version 2.149
Key Features FVU Ver. 2.419

File Validation Utility Version 5.3
Key Features FVU Ver. 5.3

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Old Currency of Rs. 500 and Rs. 1000 can be used for payment of specific Bills and Taxes till Today

We all are well known about Government Declaration about currency Notes of Rs. 500 and Rs. 1000 that these notes are surrender and these are exchange at any branch of a Bank or Post Office.

However, Economic Affairs Secretary, Shaktikanta tweeted that such old notes of Rs 500 and Rs 1000 would be valid till November 11, 2016 for payment of utility bill like water, electricity, etc. He further said that such old notes can also be used for payment of fees, taxes and penalties to the Central and State Govt. including Municipality and local bodies.

For more details read the following notifications :

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 8th November, 2016

S.O. 3408(E).—Whereas, by the notification of the Government of India in the Ministry of Finance, vide F. No. 10/3/2016-Cy.I dated 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated the 8th November, 2016, the Central Government declared that the bank notes of existing series of denomination of the value of five hundred rupees and one thousand rupees (hereinafter referred to as the specified bank notes), shall cease to be legal tender on and from the 9th November, 2016;

And whereas, it has become necessary to notify certain exemptions for the convenience of the members of public in carrying out certain emergent and urgent transactions using the specified bank notes; Now, therefore, in exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby declares that the specified bank notes shall not be ceased to be legal tender, with effect from the 9th November, 2016 until the 11th November, 2016, to the extent of transactions specified below, namely:—

(a) for making payments in Government hospitals for medical treatment and pharmacies in Government hospitals for buying medicines with doctor's prescription;

(b) at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses and airline ticketing counters at airports for purchase of tickets;

(c) for purchases at consumer cooperative stores operated under authorisation of Central or State Governments;

(d) for purchase at milk booths operating under authorisation of the Central or State Governments;

(e) for purchase of petrol, diesel and gas at the stations operating under the authorisation of Public Sector Oil Marketing Companies;

(f) for payments at crematoria and burial grounds; 

(g) at international airports, for arriving and departing passengers, who possess specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character;

(h) for foreign tourists to exchange foreign currency or specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character.

2. All establishments referred to in paragraph 1, shall maintain complete account of record of stock and sale of transactions made with the specified bank notes during the period between 9th November, 2016 and 11th November, 2016.

[F. No. 10/03/2016-Cy. I]

Dr. SAURABH GARG, Jt. Secy.

And

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 9th November, 2016

S.O. 3416(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby amends the notification of the Government of India, Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:-

1. In the said notification, in paragraph 1, after clause (h), the following clauses shall be inserted, namely :-

“(i) for making payments in all pharmacies on production of doctor’s prescription and proof of identity;

(j) for making payments on all toll plazas on the State and National Highways;

(k) for payments on purchases LPG gas cylinders;

(l) for making payments to catering services on board, during travel by rail;

(m) for making payments for purchasing tickets for travel by suburban and metro rail services;

(n) for making payments for purchase of entry tickets for any monument maintained by the Archeological Survey of India.”.

[F. No. 10/03/2016-Cy.I]

Dr. SAURABH GARG, Jt. Secy. 

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31st October, 2016 is Last Date for TDS Return Filing Quarter-2 for Fin. Year 2016-17

Today is Last Date of Quarter-2 TDS Return Filing for F.Y. 2016-17

TDS Deductor, we want to look in to the matter that u/s. 234E, there is now a provision of stringent penalties for delayed filing of TDS returns. Therefore, TDS Deductor must file Today the TDS Return of Quarter-2, otherwise they fals to face the following consequences :

Fees and Penalty for Late Filing of TDS Returns are as follows:

Section 234E – Levy of Fees 

• Failure to submit TDS return on time will result in fees on the deductor.
• If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS return is not filed.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to TDS filing such fee should be paid and it should be reflected in the TDS return.

Section 271H – Penalty

• Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,
• If deductor exceeds one year time limit to File TDS return.
• If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.

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Latest RPF and FVU for Asstt. Year 2017-18 w.e.f. 17.09.2016

TIN-NSDL released File Validation Utility (FVU) version 2.148 (to validate statement(s) pertaining to FY 2007-08 to 2009-10) and FVU version 5.2 (to validate statement(s) pertaining to FY 2010-11 onwards).  Both are available for Free download at TIN website.

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.
  

1. Name of the superannuation fund
2. Date from which the employee has contributed to the superannuation fund
3. Date to which the employee has contributed to the superannuation fund
4. The amount of contribution repaid on account of principal and interest
5. The average rate of deduction of tax during the preceding three years
6. The amount of tax deducted on repayment
7. 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:

• Email ID of the deductee
• Contact number of deductee
• Address of deductee in country of residence
• Tax Identification Number/ Unique Identification Number of 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.

• Value in the field no. 10 i.e. “PAN of the deductee” from deductee details record is PANINVALID or PANAPPLIED or PANNOTAVBL and
• Value in the field no. 26 i.e. “Rate at which Tax Deducted” from deductee details record is less than 20% and
• Value in the field no. 30 i.e. “Remarks 1” from deductee details record is “C”
• 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.

FVU Version 2.148

FVU Version 5.2

RPU Version 1.7

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How to Download TDS Certificate in Form 16B?

Government has made it mandatory w.e.f 01.06.2013 on buyer of property to deduct TDS @ 1% on payment made after 01.06.2013 if Purchase Consideration of the Property exceeds Rs. 50 Lakh. 

Deductor can pay such TDS by any of the following mode:-

Either make the payment online (through e-tax payment option) immediately or make the payment subsequently through e-tax payment option (net-banking account) or by visiting any of the authorized Bank branches. However, such bank branches will make e-payment without digitization of any challan. The bank will get the challan details from the online form filled on www.tin-nsdl.com.

Once the Payment is made now the dedcuctor is required to issue TDS certificate in form 16B to the seller of the Property. Now the question is how to prepare or from where deductor can get such certificate for the purpose of issue to the seller? Answer is deductor can download such certificate from Traces website and issue to the seller.

Procedure to Download TDS certificate in form 16B is as follows:-

1. Login to:

https://www.tdscpc.gov.in/en/deductor-home.html

2. Click on Register New User and you will be asked to provide basic details such as your

• PAN
• Date of Birth
• Last, Middle and First Name and would also be required to further validate details of either tax deducted (option 1) or tax paid by you (option 2).

3. On Validation of details, your account will be created.  User ID by default would be your PAN, You would have the option of providing Pass word of your choice.  A email would be automatically generated providing you an activation link with a second code being text on your mobile.  Having activated your account, it is now ready to be used.  Services currently available are view 26AS statement and down load Form 16B in case you are the buyer of immovable Properties.  May be in near future you are able to download your Form 16 or 16A also through this window.

To download form 16B, go to download, click on request for form 16B, validate details and submit your request.  After some time the same shall be available under download menu. Click on download, click of available and download and save it your computer.

Print, sign and deliver it to the seller.

Source: TDSMAN

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Latest FVU and RPU Utility Ver. 5.1 and 2.147 for Asstt. Year 2017-18

TIN-NSDL has provided e-TDS/e-TCS Returns prpared utility regarding Quarter-1 (Q1) i.e. File Validation Utility (FVU) for for Asstt. Year 2017-18 with new updates.  The new updates for Asstt. Year 2017-18  as well as for Asstt. Year 2010-11 who are yet not submit the TDS Return.  The New Section Code i.e. 194LBC has been added for Income in respect of Investment in securitizaton trust.  The key Features of FVU Ver. 5.1 and 2.147 are as follows with download facility :

File Validation Utility (FVU)

Key Features – File Validation Utility (FVU) version 5.1

• 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.
• 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.
• This version of FVU is applicable with effect from June 28, 2016.

Download FVU Ver. 5.1 Click Here

Key Features – File Validation Utility (FVU) version 2.147

• 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.
• 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.
• This version of FVU is applicable with effect from June 28, 2016.

Download FVU Ver. 2.147 Click Here

NSDL e-TDS/ TCS Return Preparation Utility

Key Features – Return Preparation Utility (RPU) version 1.6

• 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.
• 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.
• Incorporation of latest File Validation Utility (FVU) version 5.1 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.147 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).

Download RPU Ver. 1.6 Click Here

NSDL e-Gov RPU_e-Tutorial (Version 1.7)

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No any Fee to Upload TDS/TCS Returns.

All TDS/TCS Deductor and Return Filer are well know about the free facility provided by Income Tax Department on portal http://incometaxindiaefiling.gov.in/ to upload TDS/TCS regular Return/Statement.  This facility is not only to upload TDS/TCS Return but also for many useful and benefited in the interest of both deductors and Return Filer.  By this facility TDS/TCS Deductor no need to reach any nodal centre to upload the same.  All regular Returns/Statements can be uploaded with the help of official Income Tax Department portal.

Stepwise detailed information to Registration for Income Tax Department Portal to uploading free TDS/TCS Return are as below:

• Login at www.tdscpc.gov.in by internet explorer for better features.
• click on "Register with e-Filing" available in left hand site.
• Fill Registration Detail as required.   Specifically there is no need to upload Tan Allotment letter or Letter head of deductor if PAN of deductor automatically captured in Form. 
• Login at www.incometaxindiaefiling.gov.in. 
• Authorise Tan Registration Detail through e-filing site. 
• An email will be sent at registered email alongwith SMS at registered mobile. 
• Login your registered email and press available link to authorise, a new window will be opened to enter Activation Pin available in your mobile.

Now, Registration at Income Tax File is complete.

For Detailed information in PDF Click Here
Best compliment to Shri Rajiv Jain

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Updated TRACES TDS Justification Report Utility Free Download

TRACES had updated Justification Report Excel Generation Utility text file format to convert the same into readable Excel Format.

Steps to convert the Justification Report text file into excel by ver 2.0 and 2.1 :

• Loging to https://www.tdscpc.gov.in from your user ID and Password.
• Download the zip file from 'Requested Downloads' screen and save to your local machine, Computer or Laptop.
• Unzip the file using Winzip. Password to unzip is 'JR__
  __', e.g., JR_AAAAA1235A_24Q_Q3_2010-11. This will save the Justification Report as a text file.
• Download the macro utility for Justification Report from above link.
• Double-click the utility, excel sheet will open.
• Click on 'Enable Content' in the warning message to enable macros.
• Select the Justification Report text file and the folder to save the output excel file and click on button 'Generate TDS CPC Justification Report'.
• The text file will be converted into excel spreadsheet and saved in the selected folder.
• Open the Justification Report excel file from the folder in which it has been saved.

Download TDS Justification Report Ver. 2.0

Download TDS Justification Report Ver. 2.1

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Latest FVU & RPU of TDS Quarter-1 (Q1) for Asstt. Year 2017-18 with e-Tutorial w.e.f. 28.06.2016

TIN-NSDL has provided e-TDS/e-TCS Returns prpared utility regarding Quarter-1 (Q1) i.e. File Validation Utility (FVU) for for Asstt. Year 2017-18 with new updates.  The new updates for Asstt. Year 2017-18  as well as for Asstt. Year 2010-11 who are yet not submit the TDS Return.  The New Section Code i.e. 194LBC has been added for Income in respect of Investment in securitizaton trust.  The key Features of FVU Ver. 5.1 and 2.147 are as follows with download facility :

File Validation Utility (FVU)

Key Features – File Validation Utility (FVU) version 5.1

• 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.
• 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.
• This version of FVU is applicable with effect from June 28, 2016.

Download FVU Ver. 5.1 Click Here

Key Features – File Validation Utility (FVU) version 2.147

• 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.
• 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.
• This version of FVU is applicable with effect from June 28, 2016.

Download FVU Ver. 2.147 Click Here

NSDL e-TDS/ TCS Return Preparation Utility

Key Features – Return Preparation Utility (RPU) version 1.6

• 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.
• 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.
• Incorporation of latest File Validation Utility (FVU) version 5.1 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.147 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).

Download RPU Ver. 1.6 Click Here

NSDL e-Gov RPU_e-Tutorial (Version 1.7)

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Detailed procedure to file and Correction of e-TDS Return online at TIN website.

Procedure of furnishing of e-TDS statement/return online at TIN website:

Deductor/DDO is required to procure Digital Signature Certificate (DSC) for online upload of e-TDS statement/return. After registration on TIN website, an authorization letter by the Deductor/DDO should be provided on the letter head of the organisation to NSDL. Once application is approved by NSDL, user ID is created and intimated to Deductor/DDO on their registered email ID provided at the time of registration. Preparation and validation of e-TDS statement is in line with regular e-TDS statement/return (submitted at TIN-FC).Deductor/DDO can login with its user ID and DSSC and upload the validated e-TDS file (.fvu file) generated by the FVU to the TIN website. On successful acceptance of e-TDS statement/return at TIN, an acknowledgement containing a unique 15 digit token no. and 8 digit receipt number is generated and displayed. There is no need to submit physical form 27A in online upload. Deductor/DDO can view the status of e-TDS statement/return on TIN website.

No charges are applicable for online upload of e-TDS statement/return.

Correction of e-TDS statement/return online at TIN website:

Deductor/DDO can file a correction e-TDS statement/return for any modification in e-TDS statement/return accepted at TIN central system. Correction statement/return can be prepared by using the TDS consolidated file only, available at the CPC-TDS portal www.tdscpc.gov.in through TAN registration. Preparation and validation of e-TDS statement is in line with regular e-TDS statement/return (submitted at TIN-FC) Deductor/DDO can login with its user ID and DSC and upload the validated e-TDS file (.fvu file) generated by the FVU to the TIN website. On successful acceptance of correction e-TDS statement/return at TIN, an acknowledgement containing a unique 15 digit token number is generated and displayed. There is no need to submit copy of provisional receipt of regular e-TDS statement/return, physical Form 27A and SSR in online upload. Deductor/DDO can view the status of e-TDS statement/return on TIN website.

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Latest FVU & RPU Utility for 3rd Quarter TDS Return - TIN NSDL

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”).

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)

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