This is to inform you that new versions of File Validation Utilities (FVU) for e-TDS/TCS statements are scheduled to be released tentatively in the fourth week of June 2016. Details of which are given below:
File Validation Utility (FVU)
FVU Version 5.1 :- Applicable for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards.
FVU Version 2.147 :- Applicable for quarterly e-TDS/TCS statements from FY 2007-08 up to FY 2009-10.
Features of the FVUs are as below:-
Addition of new fields for Form 24Q-Q4 under Annexure II (i.e. Salary details)
Field No. as per file format
Whether house rent allowance claim exceeds rupees one lakh
PAN of landlord
Name of landlord
In case of deduction of interest under the head income from house property - PAN of lender
In case of deduction of interest under the head income from house property - Name of lender
Same will be applicable for regular and correction (C4) statements pertain to FY 2016-17 onwards.
New Section codes for Form 26Q, 27Q & 27EQ has been added under list of sections available.
Income in respect of investment in securitization trust
TCS on sale of Motor vehicle
TCS on sale in cash of any goods (other than bullion/jewellery)
TCS on providing of any services (other than Ch-XVII-B)
Same will be applicable for regular and correction (C3) statements pertain to FY 2016-17 onwards.