Sunday, January 29, 2012

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 NoRecord TypeStatement TypeField NameChallan Details Record NumberDeductee/ Salary Detail No.Error Code & Description
4DeducteeRegularTotal Income Tax Deducted at Source11T-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.

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