NSDL has released new File Validation Utilities (FVU) as under:-
1. FVU 3.1 (Applicable for F.Y.2010-11 onwards)
2. FVU 2.130 (Applicable up to F.Y.2009-10)
The key features of the File Validation Utility (FVU) version 3.1:
- FVU 3.1 will be applicable for quarterly TDS / TCS statements pertaining to F.Y. 2010-11 onwards and will be mandatory w.e.f. April 01, 2011.
- It will be mandatory to quote Mobile No. in quarterly TDS / TCS statements for Deductor category other than Central Govt. and State Govt.
- Re-introduction of PAN Reference No. field in deductee / collectee details.
- Provision to quote the deduction under Section 80CCF in Salary Details (applicable for 24Q – Q4).
- ‘Surcharge’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
- ‘Education Cess’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
- ‘Net Income tax payable’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
- Highlighting of transaction where tax has not been deducted as threshold limit is not exceeded (as per the provisions of Income Tax Act) in the first quarter (s) but in subsequent quarter has exceeded the threshold limit.
For further details please visit http://tin-nsdl.com/
