TIN-NSDL has released new file validation utilities for TDS returns which shall be applicable from 04th Jan 2014.Returns not validated through new utility post 04th Jan shall be rejected by NSDL.
Changes made in new version are to stop the misuse of the few of the facility provided in filing of TDS return .
First facility that has been withdrawn is that now you can delete any deductee entry from return filed earlier. This is stop the misuse of claiming wrong tds credit refunds and then deleting the entries from tds return and claim that amount again in another persons return.
Second facility withdrawn is date of deduction can not be earlier than start date of a given quarter for which return is to be filed . This has been done to stop the misuse of this facility to avoid late filing fees penalty (as also suggested by our team earlier in post "Five Tricks to avoid Late fees u/s 234E" ,butNow can not be done after 04.01.2014.)
Key feature of FVU version 4.1
- Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values.
- Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q3 of FY 2013-14, then the date of deduction should not be lower than 01/10/2013.
- Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.
- Applicability of FVU version: FVU version 4.0 and 4.1 are applicable upto January 03, 2014 and from January 04, 2014 FVU version 4.1 would be mandatory.
FVU for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards
e-TDS/TCS FVU.exe (Version 4.1) New features/Validation
FVU for quarterly e-TDS/TCS statement up to FY 2009-10
e-TDS/TCS FVU.exe (Version 2.137) New features/Validation
NSDL RPU Version 3.8 for quarterly e-TDS/TCS statements from FY 2007-08 “Download RPU Version 3.8” Features of RPU 3.8