Posts Tagged ‘eTDS modification’

Forthcoming changes in TDS / TCS filing for Quarter 4

February 25th, 2011

In a recent communication, NSDL has outlined the following changes in eTDS statement filing for the Fourth Quarter:

  • It will be mandatory to provide the mobile number of the responsible person
  • Currently the system accepts TDS amount without proper calculation of Amount Paid / Credit * TDS Rate. Now, this would be strictly implemented
  • Deductee records will have to be flagged to show that the amount paid / credited is below the threshold limit, hence it is without tax deduction at source
  • Deductee records will have to be flagged where excess tax has been deducted
  • While making correction returns it will now be possible to update the Provisionally Booked Challans that is downloaded from the consolidated statement
  • Deductions u/s 80CCF will have to be shown separately in the Salary details as part of Form 24Q
  • Downloading of the consolidated statement would be simplified based on suggestions received from all around

Please note that official announcement and system modifications are still to be received from NSDL / Income Tax Dept. Once all details are in place, as usual we shall promptly update JS@eTDS Software (F.Y. 2010-11) to ensure trouble free filing of your TDS / TCS returns.

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Posted in NSDL, TCS, TDS

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Income Tax Dept. releases new File Validation Utilities (FVU) on 01.10.2010

October 4th, 2010

NSDL has released two new File Validation Utilities, details of which can be viewed from the following links:

FVU 3.0 (For: F.Y.2010-11) - http://www.jcs-etds.com/download/fvu-30-features-041010.pdf

FVU 2.129 (For: upto F.Y.2009-10) - http://www.jcs-etds.com/download/fvu-2129-features-041010.pdf

The new File Validation Utilities is to be used for all eTDS/eTCS returns to be filed on and after 01.10.2010. Please follow the link below to download the same:

http://jcs-etds.com/new-fvu-release.php

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Posted in NSDL, TCS, TDS

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New FVU for Quarterly eTDS/TCS released

September 29th, 2009

e-TDS / e-TCS returns prepared for FY 2005-06 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

The e-TDS/TCS FVU setup file (e-TDS/TCS FVU.exe) comprises of three files namely:

  1. TDS FVU Readme.rtf: This file contains instructions for setup of the e-TDS FVU.
  2. e-TDS FVU Setup.exe: This is a setup program for installation of FVU.
  3. TDS_FVU_STANDALONE.jar: This is the FVU program file.

These files are in an executable zip file. These files are required for installing the e-TDS/TCS FVU.

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Posted in TCS, TDS

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Modifications in the e-TDS/TCS data structure and new File Validation Utility applicable from October 1, 2009

September 4th, 2009

The data structure of quarterly e-TDS / TCS statements has been modified by the Income Tax Department to incorporate certain additional fields and validations to further improve the data quality.

Key changes in the data structure of both regular and correction e-TDS/TCS files are indicated below:

  1. The types of deductor in the data structure have been further bifurcated. For e.g. State Govt., Central Govt., Company, Firm etc.

  2. The following fields have been added: -

    • Ministry name,
    • PAO / DDO code,
    • PAO / DDO registration no.,
    • State name,
    • Name of the utility used for return preparation.

In addition to the new fields, certain functionalities as under have been built in the FVU:

  1. Functionality to verify the challan details quoted in the e-TDS / TCS returns with the challan details uploaded by banks is provided.

  2. In case of failure of verification of challans, a warning file containing details of challan mismatch will be generated.

  3. Statistic report generated by FVU will contain details of verification of challans and bifurcation of payment by Government deductors (transfer voucher / challan)

All deductors are required to ensure that quarterly e-TDS/TCS returns filed from October 1, 2009 is as per the new data structure. Any statement filed as per the old data structure will be rejected at TIN w.e.f October 1, 2009.

However, e-TDS / TCS correction on regular returns filed as per the old data structure (validated with FVU version upto 2.126) should be validated with FVU version 2.126 only.

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Posted in TCS, TDS

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