e-TDS :- New Return Preparation Utility (RPU 1.3) with New File Validity Utility (FVU 4.8)

Some major changes have been done in TDS/TCS return utility and it's FVU regarding addition or correction in Challans, Removal of nature of remittance in 27Q etc.  Therefore please go through the below details before submitting TDS Return of the 2nd Quarter of F.Y. 2015-16 and onwards.  This FVU is applicable w.e.f. 29-09-2015

Key Features – Return Preparation Utility (RPU) version 1.3 

 Preparation of Regular and Correction TDS/TCS Statement(s) for Form 24Q, 26Q, 27Q & 27EQ pertaining to Financial Year 2007-08 onwards (for all quarters). 

 Section code 192A: In addition to Form no. 26Q, this section will also be applicable for Form no. 27Q where the date of payment to deductee is on or after 01/06/2015. 

 Discontinuation of C9 Correction Statements: As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Correction Statement(s) has been discontinued. 

 Removal of nature of remittance (applicable only in case of Form no. 27Q): As directed by ITD, below mentioned nature of remittances has been removed from the list. 

         o Commission 

         o Payments to sports person & artists 

         o Winning from horse races 

         o Winning from lotteries, crossword puzzles, card games and other games of any sort 

 Incorporation of latest File Validation Utility (FVU) version 4.8 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.144 (applicable for TDS/TCS statements from FY 2007-08 upto FY 2009-10)

Key Features – File Validation Utility (FVU) version 4.8 

 Section code 192A: In addition to Form no. 26Q, this section will also be applicable for Form no. 27Q where the date of payment to deductee is on or after 01/06/2015. 

 Discontinuation of C9 Correction Statements: As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Correction Statement(s) has been discontinued. 

 Removal of nature of remittance (applicable only in case of Form no. 27Q): As directed by ITD, below mentioned nature of remittances has been removed from the list. 

      o Commission 

      o Payments to sports person & artists 

      o Winning from horse races 

      o Winning from lotteries, crossword puzzles, card games and other games of any sort 

 This version of FVU will be applicable with effect from September 29, 2015.

Download RPU 1.3 with FVU 4.8 (Click Here)

ITR :- New ITR-1 (Sahaj) Form for the Assessment Year 2013-14 or Financial Year 2012-13

Friends, Income Tax Department has started to release excel based Return forms for submission of Income Tax Return of the assessment year 2013-14 or financial year 2012-13.  In the first hand ITR-1 (Sahaj) form has been released.  

Who can submit ITR-1 (Sahaj) ?

               As usual for past practice an Individuals having Income from Salary / Pension / Income from One House Property (excluding loss brought forward form previous years / Income from other sources ( Excluding Winning from Lottery and Income from Race Horses) can use this utility for submission of Income Tax return for the assessment year 2013-14 or financial year 2012-13.

What is new in new ITR-1 (Sahaj) ?

• It is important to know that what in new in ITR-1 excel based form.  A new link has been provided to import Personal /Tax details from XML.   To understand about  the xml it is important to know the word  Pre-fill XML which can be downloaded from after sign in at  https://incometaxindiaefiling.gov.in/e-Filing/.   Pre-fill xml import Permanent Account Number, Name, date of birth, mainly Tds details alongwith TAN number and Tds amount.  It is pertinent to mention here that it is not mandatory for return filer but if he use this utility it makes error free return or avoid future complication with the income tax department.
                  
                                         To know more regarding Pre-fil xml (Click Here) 
• New column of Mobile no 2
• New column as if u/s 139(9)-defective return, enter Original Ack No. 
• New column as if u/s 139(9)-defective return, enter Notice No. 
• Selection of Self Occupied or Let Out under Income from House Propery. 
• 80CCD deduction for Employees / Self Employed Contribution
• 80CCD deduction for Employers Contribution. 
• 80TTA deduction for Interest on Saving Account permissible max.  upto 10,000.00 
• Warning in TDS sheet that If no entry is made in this column, then Columns __ to __ will not be considered for that row. 
• IFSC code instead of MICR code.  

Download Excel Based ITR-1 (Sahaj) Form  Click Here

Free  excel based Income Tax Calculator  Click Here 

How to install NSDL RPU in Windows 7

Yes,  Now-a-days,  Windows 7 is operating systems in new computers.    Installation of NSDL e-tds R.P.U.  in windows 7 requires some knowledge for installation.   A person who knows "Run as Administrator " do not face any difficulty in installation.  Two times "Run as administrator" is required for proper installation.  Right click on the step up file and use Run as Administrator.

1. at the time of installation of setup.
2. First time running of R.P.U. 

Both picture views for more clarity are also given below:-

E-tds/E-tcs :-What is new in New RPU 2.7 with FVU 3.3 and FVU 2.131 applicable w.e.f. 1st Feb, 2012

Friends,  It is necessary to know that earlier NSDL RPU 2.6 was running , but now RPU 2.7 will be applicable w.e.f. 1st February, 2012.   RPU 2.7 will create fvu file with FVU 3.3 or FVU 2.131.  These file validity utilities include more controls in the interest of users.   After the validation from these utilities,  less notice/demands will be raised by Income Tax Department.  

            I have just tried to create a file with NSDL RPU 2.7 and found that there may be change of error in creation of file shown below :-

TDS/TCS - ERROR FILE

Line No	Record Type	Statement Type	Field Name	Challan Details Record Number	Deductee/ Salary Detail No.	Error Code & Description
4	Deductee	Regular	Total Income Tax Deducted at Source	1	1	T-FV-4278 Invalid tax deducted amount.Enter valid tax deducted amount.

FVU Version : 3.3    Input File Name : 26QRQ3.txt

         In above statement error code is T-FV -4278  which has been raised due to wrong percentage  mention in Annexure -1 (deductee sheet).   I mean to say you have deducted 1%  tds on bill amount, but wrongly shown in Rate at which Tax Deducted (427) 27 in 26Q (percentage column)  2%.   On correction of this percentage,  above error removes automatically. 

           Secondly now correction statement will only be created on adding consolidating file during file creation.  Picture view of the same is given below :-

Key features of File Validation Utility (FVU) version 3.3

• FVU 3.3 will be applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards 
• Mandatory to quote Book Identification Number - BIN (in case of regular statement) for tax deposited by book entry (transfer voucher – applicable only in case of Govt. deductors). BIN to contain details as below:
  1) Seven digit 24G receipt number (provided on successful acceptance of Form 24G statement at TIN central system)
  2) Five digit DDO serial no. (provided for each DDO transaction in Form 24G statement)
  3) Date of deposit of Tax 
• Correction file prepared to contain the “Hash value” as per the consolidated file, used for preparation of correction statement. 
• Mandatory to import consolidated file for validating correction statement. 
• For tax deducted at higher rate, if deductee PAN is valid, update allowed on all the fields of the deductee record except, higher deduction flag (flag “C”) mentioned against the corresponding deductee record. 
• FVU 3.3 will be mandatory with effect from February 01, 2012. 
• Files validated with FVU 3.2 and 3.3 will be allowed up to January 31, 2012. 

Note :-

• BIN can be obtained by deductor (Drawing and Disbursing Officer) from the respective Pay and Account Office (PAO) / District Treasure Office (DTO). 

• BIN can also be downloaded by the DDO under the TAN account login.

Key features of File Validation Utility (FVU) version 2.131

• FVU 2.131 will be applicable for quarterly TDS/TCS statements (regular and correction) pertaining up to FY 2009-10. 
• Correction file prepared to contain the “Hash value” as per the consolidated file used for preparation of correction statement. 
• Mandatory to import consolidated file for validating correction statement. 
• FVU 2.131 will be mandatory with effect from February 01, 2012. 
• Files validated with FVU 2.130 and 2.131 will be allowed up to January 31, 2012.

Latest/New Release of Excel Based Income Tax Return Preparation Utility

Friends,  Latest releases of Income Tax Return Preparation Utilities (RPU) have been updated for Assessment Year 2011-12 or Financial Year 2010-11 which are given as under :-

• ITR-1 SAHAJ..........................Version 1 Release 7
• ITR-1 SAHAJ  PDF utility........Version 1 Release 1.2
• ITR-2....................................Version 1 Release 10
• ITR-3....................................Version 1 Release 9
• ITR-4....................................Version 1 Release 10
• ITR-4S SUGAM......................Version 1 Release 10
• ITR-4S SUGAM PDF utility......Version 1 Release 2.78
• ITR-5....................................Version 1 Release  7
• ITR-6....................................Version 1 Release  6

Before submitting any Income Tax Return, everyone should check its release that whether it is latest or new or not.  

Download New/Latest RPU ITR (Income Tax Return) Click Here 
Click Here to know Due Date for Filling of Income Tax Return