NSDL has released new File Validation Utility Version 3.6 for preparing tds/tcs statements for Financial Year 2011-12 and onwards. Some flags O and S have been inserted in it. Main key features of FVU are given as under :-
Key features
of File Validation Utility (FVU) version 3.6
·
Import
of challan file (.csi file): Import of challan file downloaded from the TIN
website (Challan Status Inquiry) has been made mandatory at the time of validating
the quarterly TDS/TCS statement, if the TDS/TCS is deposited through challan.
This will be applicable in case of regular statement and for correction
statement in the scenarios as below:
o
Update
of challan (C2 correction).
o
Deductee/
Collectee and corresponding challan is updated (C3 correction).
o
Addition
of challan (C9 Correction).
·
Incorporation
of sections codes as below:
Section
code
|
Section
code to be quoted in Quarterly TDS/TCS Statement
|
Applicable
to TDS/TCS statement Form No.
|
Remarks
|
194LB
|
4LB
|
27Q
|
Applicable from FY 2011-12 onwards
|
194LC
|
4LC
|
27Q
|
Applicable from FY 2012-13 onwards
|
206CJ
|
J
|
27EQ
|
Applicable from FY 2012-13 onwards
|
206CK
|
K
|
27EQ
|
Applicable from FY 2012-13 onwards
|
·
Separate
flag “O” has been incorporated for reporting salary details of “Super senior
citizen” (individual above the age of 80 years) at Form no. 24Q. This
categorization is applicable from FY 2011-12 onwards.
·
Separate
flag “S” for categorizing software vendor transaction (as per ITD notification
dated 21/2012) in Non salary TDS statements (Form 26Q – Section code 194J and
27Q –Section code 195). This categorization is applicable from FY 2012-13
onwards.
·
FVU
version 3.6 will be mandatory w.e.f October 16, 2012. Upto October 15, 2012 FVU
version 3.5 and FVU version 3.6 will be applicable.