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

Read More

TCS Return u/s. 206C last date 15th Oct.

TCS Return – Last Date 15th October

15th October is the last date for filing  TCS Returns for FY:17-18, Quarter 2.

Typically TCS is applicable on sale of items like scrap, forest products, minerals, bullion, etc. and is covered under section 206C of the Income Tax Act.

Last date for issuing of TCS certificate 30th  October.

Last date for TDS Returns is 31st October.

Source: TDSMan

Read More

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.

Read More

Detailed Key Features of FVU Ver. 5.6

Key Features - File Validation Utility (FVU) version 5.6

Change in validations for all section codes available for Form 27EQ

• Remark “C” (i.e. for higher rate deduction) is made applicable for all sections available for Form 27EQ.
• “C” remark is only allowed when the values ‘PANAPPLIED’, ‘PANINVALID’ or ‘PANNOTAVBL’ are present in the field ‘PAN of Deductee’.
• In such case, total TCS amount has to be 5% or more of the field “Amount of receipt / debited”.
• The above referred validations are applicable for Regular and Correction statements pertaining to FY 2017-18 onwards.

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.

Change in validation for section code “194J - Fees for Professional or Technical Services” for
Form 26Q:

• Remark ‘B’ is made applicable under this section which represents either no deduction or lower deduction.
• The same is applicable for regular and C3 type of correction Statement pertaining to FY 2017-18 onwards.

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

Read More