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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 5.3 :- Applicable for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards.
FVU Version 2.149 :- Applicable for quarterly e-TDS/TCS statements from FY 2007-08 up to FY 2009-10.
Features of the FVUs are as below:-
1. Newly added fields for Form 27Q i.e. ‘Email ID of deductee’, ‘Contact number of deductee’, ‘Address of deductee in country of residence’ & ‘Tax Identification Number /Unique identification number of deductee’ are to be made mandatory only for below mentioned nature of remittances.
Importent Note :-
For those who claim HRA relief, the Permanent Account Number (PAN) of the landlord is mandatory. This condition is not applicable for those whose rent payment is less than or equal to Rs 1 lakh per annum, i.e., Rs 8,333 per month.
A copy of the lease rent agreement or declaration by the landlord in a prescribed format is to be submitted. Further, ownership proof of landlord of rented premises, which can be house tax receipt or the latest electricity bill or share certificate in case of co-operative society houses have to be submitted.
The original rent receipts for the period April 2016 till date have to be provided.