Latest FVU version TDS return filling
Key features of latest FVU version 8.3
In this post, we will explore the recent release of File Validation Utility (FVU) version 8.3 for TDS/TCS returns by NSDL.
“FVU has been updated to 8.3 version / 2.179 and this version is applicable with effect from October 11, 2023 onwards. “
NSDL has released version 8.2 of the File Validation Utility (FVU) for TDS/TCS returns
Here are the main features:
This version of FVU is applicable with effect from September 01, 2023 onwards.
- For Form 24Q:
1. Addition of new column (346A) under Annexure : Other special allowances under section 10(14)
2. Addition of new column (365A) under Annexure Deduction in respect of contribution by the employee to Agnipath Scheme under section 80CCH (Gross Amount)
3. Addition of new column (365B) under Annexure Deduction in respect of contribution by the employee to Agnipath Scheme under section 80CCH (Deductible Amount)
4. Addition of new column (366A) under Annexure ll: Deduction in respect of contribution by the Central Government to Agnipath Scheme under section 80CCH (Gross Amount)
5. Addition of new column (366B) under Annexure ll: Deduction in respect of contribution by the Central Government to Agnipath Scheme under section 80CCH (Deductible Amount)
Notes:
1, Applicability for quarterly e-TDS/TCS statements of points 1 to 5 pertains to FY 2023-24 onwards.
New FVUs Version 8.0 & 2.176 released by NSDL on 4th January 2023
A new version of File Validation Utility (FVU) for e-TDS/TCS statements was released by the department on 4th January 2023. In order to generate results in the most recent FVU, please update to the most recent version of SaralTDS (v23.00).
FVU Version 8.0 – This applies to quarterly TDS/TCS statements from FY 2010-11 onwards.
FVU Version 2.176 – This is applicable to TDS/TCS statements for the period between FY 2007-08 and FY 2009-10.
Latest Updates:
Banks who have migrated to e-Pay Tax Facility of E-filing portal [as of 7th January 2023]:
Axis Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, City Union Bank, Federal Bank, ICICI Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, IndusInd Bank,Jammu & Kashmir Bank, Karur Vysya Bank, Kotak Mahindra Bank,Punjab National Bank, UCO Bank, Union Bank of India
Note: Bold-Italic are “New Banks”. Others include “Migrated Banks” from Protean (formerly NSDL).
The last changes in FVU came in version 7.4 which are as below :
- Changes in validations for Section 194A
In Section 194A, Remark value ‘Z’ will apply only when ‘Date on which Amount paid / credited to deductee’ is on or after 17th September, 2021. ‘No deduction’ is applicable to interest payments to Scheduled Tribes of Specified Areas under 10(26) in accordance with Notification No: 110/2021/F.275/27/2021-IT(B) dated 17th September 2021.
- Changes in validation for Section 194Q
The following section applies to statements for FY 2021-22 and Q2, where ‘Date on which Amount paid / credited’ falls on or after 1st July, 2021.
Key Features from FVU 7.1
File Validation Utility (FVU) version 7.1 had the below key features:
1. Addition of new field under Annexure II of Form 24Q-Q4
- A new field “Whether opting for taxation under section 115 BAC [Yes/No]” has been added to Annexure II (Salary details) for Form 24Q-Q4.
- As long as the value in this field is ‘Yes’, the deductions listed below won’t be allowed under Annexure II.
- Deductions under section 16
- Deductions under Chapter VI-A [except for deduction under 80CCD(2)]
- Travel concession or assistance [section 10(5)]
- House Rent Allowance [Section 10(13A)]
- Under this field, if this value is ‘No’, then all existing Annexure II validations will apply.
- In the newly added field, values will be allowed only when the financial year is 2020-21 and Quarter 4 onwards is selected. For rest all prior FYs and quarters, this field is not applicable.
- The same rule will apply to both normal and corrected statements.
2. Addition of validation in form 27Q
- If “Dividend” is present in the field Nature of Remittances, then fields in Form 27Q such as “Email ID of Deductee,” “Contact Number of Deductee,” “Address of Deductee in Country of Residence,” and “Tax Identification Number / Unique Identification Number” are only necessary in the following situations :
- If the deduction rate is less than 20%
- Remark value as ‘C’
- PAN of the deductee is not available (i.e. ‘PANNOTAVBL’, ‘PANAPPLIED’ or ‘PANINVALID’)
- Value under field number 36 (i.e., the nature of remittances) includes dividends, interest payments, royalties, fees for technical services or included services, fees for long- or short-term capital gains, and fees for technical services.
- The same will be true for regular and correction (C3 correction) statements beginning in Y. 2020-21 Q3 onwards.
That brings us to the conclusion of this post on the most recent file validation utility versions 8.0 and 2.176. Feel free to share your views and opinions with us in the comment section below.
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visu
May 9, 2023i am filling the 4th quarter tds return of 27eq for the fin year 2022-23 fvu
doesnt generate how do way fuv file on the return