Posts Tagged ‘new FVU’

New File Validation Utilities released – Effective from February 01, 2012

January 5th, 2012

NSDL has released two new File Validation Utilities – FVU 3.3 & FVU 2.131 pertaining to the validation of TDS & TCS returns.

FVU 3.3 will be applicable for quarterly TDS / TCS statements pertaining to F.Y. 2010-11 onwards and FVU 2.131 will be applicable for quarterly TDS / TCS statements pertaining up to F.Y. 2009-10. Both the new File Validation Utilities will be mandatory with effect from February 01, 2012.

Please Note: Up to January 31, 2012 the FVU files generated from both the old utilities i.e. FVU 3.2 & FVU 2.130 and the new utilities i.e. FVU 3.3 & FVU 2.131 will be accepted.

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New File Validation Utilities (FVU) released by NSDL

March 22nd, 2011

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:

  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.
  2. It will be mandatory to quote Mobile No. in quarterly TDS / TCS statements for Deductor category other than Central Govt. and State Govt.
  3. Re-introduction of PAN Reference No. field in deductee / collectee details.
  4. Provision to quote the deduction under Section 80CCF in Salary Details (applicable for 24Q – Q4).
  5. ‘Surcharge’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
  6. ‘Education Cess’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
  7. ‘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’.
  8. 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/

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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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