New TDS/TCS FVU versions has been released by NSDL. FVU and RPU versions are applicable with effect from January 11,2018.
1. New FVU version for quarterly TDS/TCS (Electronic and Paper) statements as below:
a) FVU version 5.7 – Applicable for e-TDS /TCS statements pertaining to Financial Year 2010-11 onwards.
b) FVU version 2.153 - Applicable for e-TDS /TCS statements pertaining to Financial Year 2007-08 to 2009-10.
c) FVU version 2.1285 – Applicable for Paper TDS/TCS statements pertaining to Financial Year 2007-08 onwards.
The key features of new FVU versions are below :
A. Introductions of two new fields for Form 27EQ.
1. New FVU version for quarterly TDS/TCS (Electronic and Paper) statements as below:
a) FVU version 5.7 – Applicable for e-TDS /TCS statements pertaining to Financial Year 2010-11 onwards.
b) FVU version 2.153 - Applicable for e-TDS /TCS statements pertaining to Financial Year 2007-08 to 2009-10.
c) FVU version 2.1285 – Applicable for Paper TDS/TCS statements pertaining to Financial Year 2007-08 onwards.
The key features of new FVU versions are below :
A. Introductions of two new fields for Form 27EQ.
There are two new fields have been introduced under Form 27EQ which are applicable when PAN of Assesse (i.e. Deductee) is not available with the Filer (i.e. Deductor):
a) New Field ‘ Deductee is Non-Resident’ with the drop down option having value ‘Y’ (stands for yes) or ‘N’ (stands for no) is to be selected. (As per file format, the field number is 31 for this new field)
b) New Field ‘ Deductee is having Permanent Establishment in India’ with the drop down option having value as ‘Y’ or ‘N’. This field is only applicable when the value in the field ‘ Deductee is Non-Resident’ is ‘Y’ otherwise this field is not applicable . (As per file format, the field number is 32 for this new field).
The above referred validation are applicable for Regular and C3 type of correction (Update/delete/add deductee details ) pertaining to FY 2017-18 onwards.
B. Nature of remittance option present under deductee details for Form 27Q is made mandatory from FY 2013-14 onwards.
a) The nature of remittance field no. 32 under Annexure I (Deductee Details) is mandatory.
b) The above is applicable for Regular and C3 type of correction.
NSDL e-Gov Return Preparation Utility (RPU) version 2.2 is required to be used for preparation of e- TDS/TCS statements. The said RPU is made available at TIN website and can be downloaded from the link https://www.tin-nsdl.com/downloads/e-tds/eTDS-download-regular.html.
The aforementioned FVU and RPU versions are applicable with effect from January 11,2018. Statements validated with FVU version lower than 5.7, 2.153 and 2.1285 for TDS/TCS (Electronic and Paper) Statements will be rejected at Online SAM from the aforesaid date.
a) New Field ‘ Deductee is Non-Resident’ with the drop down option having value ‘Y’ (stands for yes) or ‘N’ (stands for no) is to be selected. (As per file format, the field number is 31 for this new field)
b) New Field ‘ Deductee is having Permanent Establishment in India’ with the drop down option having value as ‘Y’ or ‘N’. This field is only applicable when the value in the field ‘ Deductee is Non-Resident’ is ‘Y’ otherwise this field is not applicable . (As per file format, the field number is 32 for this new field).
The above referred validation are applicable for Regular and C3 type of correction (Update/delete/add deductee details ) pertaining to FY 2017-18 onwards.
B. Nature of remittance option present under deductee details for Form 27Q is made mandatory from FY 2013-14 onwards.
a) The nature of remittance field no. 32 under Annexure I (Deductee Details) is mandatory.
b) The above is applicable for Regular and C3 type of correction.
NSDL e-Gov Return Preparation Utility (RPU) version 2.2 is required to be used for preparation of e- TDS/TCS statements. The said RPU is made available at TIN website and can be downloaded from the link https://www.tin-nsdl.com/downloads/e-tds/eTDS-download-regular.html.
The aforementioned FVU and RPU versions are applicable with effect from January 11,2018. Statements validated with FVU version lower than 5.7, 2.153 and 2.1285 for TDS/TCS (Electronic and Paper) Statements will be rejected at Online SAM from the aforesaid date.
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