TaxPro

1 TaxPro Key Features File Validation Utility (FVU) version A new column for Deduction under Section 16 (ia) is added under Annexure II ( Salary details). for Form 24Q-Q4. The above referred deduction is applicable for Regular and Correction statements for Form 24Q-Q4. Deduction under Section 16 (ia) will be applicable for statements pertaining to 2018-19 onwards. Introduction of new remark code for Form 26Q. A new remark code R is introduced under field Remarks in Annexure I ( deductee details) for deduction on interest income for Senior Citizens. This will be applicable only for section code 194A ( interest other than interest on securities). Same will be applicable for Regular and Correction statements pertaining to Form 26Q from 2018- 19 onwards. This version of FVU is applicable with effect from June 29, 2018. Key Features File Validation Utility (FVU) version This version of FVU is applicable with effect from June 29, 2018.

2 Key Features File Validation Utility (FVU) version In case of non-availability of PAN of deductee for Form 27EQ, two new fields are introduced under deductee details which are as below: Deductee is Non-Resident (value Y' or N' is allowed under this field). Deductee is having Permanent Establishment in India (value Y' or N' is allowed under this field). pertaining to FY 2017-18 onwards. Nature of remittance option present under deductee details for Form 27Q is to be made mandatory from FY 2013-14 onwards. le with effect from January 11, 2018. Key Features File Validation Utility (FVU) version Key Features File Validation Utility (FVU) version o Change in validations for all section codes available for Form 27EQ. Form 27EQ. PANNOTAVBL' are present in the field PAN of Deductee'. debited . pertaining to FY 2017-18 onwards. o Addition of new field Goods and Service Tax Number (GSTN) under Batch Header (BH) of TDS/TCS statement -numeric value.

3 Value. Please provide valid 15 digit GSTN . forms and FYs. o State code of employer made mandatory in all correction statements ( all batches of correction statement). header (BH) field no. 26. o Change in validation for section code 194J - Fees for Professional or Technical Services for Form 26Q: able under this section which represents either no deduction or lower deduction. 2017-18 onwards. This version of FVU is applicable with effect from October 07, 2017. Key Features File Validation Utility (FVU) version o Addition of new field Goods and Service Tax Number (GSTN) under Batch Header (BH) of TDS/TCS statement -numeric value. less than 15 digits FVU will populate an error message Invalid value. Please provide valid 15 digit GSTN . forms and FYs. o State code of employer made mandatory in all correction statements ( all batches of correction statement).

4 Header (BH) field no. 26. This version of FVU is applicable with effect from October 07, 2017. Key Features File Validation Utility (FVU) version Change in validation for the field PAN of Lender for form 24Q-Q4 under Annexure II. ( Salary details) from 2016-17 onwards: Existing Validation of structurally valid PAN for field no. 51, 53, 55 and 57 have been relaxed. These fields may contain below mentioned values along with structurally valid PAN, only when PAN of the lender is not available. 1. GOVERNMENT: This is applicable when lenders are Government organizations ( Central or State). 2. NONRESDENT: This is applicable when the lenders are Non-Residents. 3. OTHERVALUE: This is applicable when the lenders are other than Government organization and Non-Residents. Addition of new section code for Form 26Q. New section code 194IC Payment under specified agreement has been added for Form 26Q.

5 It is applicable for Regular and C3 type of Correction Statement Update/delete /add deductee details' pertaining to FY 2017-18 onwards. Change in validation for section code 194D - Insurance and Commission for Form 26Q: 1. Remark B' is made applicable under this section which represents either no deduction or lower deduction. 2. The same is applicable for regular and C3 type of correction Statement pertaining to FY. 2017-18 onwards. Change in validations for section code 206CC ( Collection at source from Timber obtained by any mode other than a forest lease ) for Form 27EQ. 1. Remark C ( for higher rate deduction) is made applicable only for this section. 2. C remark is only allowed when the values PANAPPLIED', PANINVALID' or PANNOTAVBL' are present in the field PAN of Deductee'. 3. In such case, total TDS amount has to be 5% or more of in the field Amount of receipt /.

6 Debited . 4. The above referred validations are applicable for Regular and Correction statements pertaining to FY 2017-18 onwards. Verification of latest FVU version at the time of validation of e-TDS/TCS statement. 1. The Challan Status Inquiry (CSI) file downloaded from TIN website will contain the current FVU version. 2. While validating e-TDS/TCS statement through RPU, verification of FVU versions ( the FVU version present in the CSI file and the version of FVU used for validation) will take place and in case of mismatch, the FVU will not allow user to validate the file and will display an error message This is old FVU version, please use the latest FVU version available at and validate the file. File Validated with old FVU version will not be accepted'. Key Features File Validation Utility (FVU) version Verification of latest FVU version at the time of validation of e-TDS/TCS statement.

7 1. The Challan Status Inquiry (CSI) file downloaded from TIN website will contain the current FVU version. 2. While validating e-TDS/TCS statement through RPU, verification of FVU versions ( the FVU version present in the CSI file and the version of FVU used for validation) will take place and in case of mismatch, the FVU will not allow user to validate the file and will display an error message This is old FVU version, please use the latest FVU version available at and validate the file. File Validated with old FVU version will not be accepted'. 16, 2017. Key Features File Validation Utility (FVU) version Validation for PAN of Landlord field has been revised for form 24Q-Q4 under Annexure II ( Salary details) from 2016-17 onwards. Existing Validation of structurally valid PAN (for field no. 41, 43, 45 and 47 as per data structure). has been relaxed.

8 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 ( 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. 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).

9 (4) Section code where no update or deletion of record will be allowed in Annexure ll of Form 24Q while submitting correction statement. the TDS/TCS consolidated file with a flag value F' against the field Mode' as per specified file format. -08 onwards. -TDS/TCS correction statements received with the changes not desired as per above, will be rejected at TDS CPC of Income Tax Department. statements pertaining to FY 2010-11 onwards) and FVU version (applicable for TDS/TCS. statements from FY 2007-08 up to FY 2009-10). Key Features File Validation Utility (FVU) version 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. Department where update will not be allowed on certain fields in Annexure I of Form 24Q, 26Q and 27EQ while submitting correction statement.

10 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 A 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. flag value F' against the field Mode' as per specified file format. -08 onwards. -TDS/TCS correction statements received with the changes not desired as per above, will be rejected at TDS CPC of Income Tax Department. Key Features File Validation Utility (FVU) version Newly added fields for Form 27Q 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.