e-TDS :- New File Validation Utility (FVU) version 3.6

  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.

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