Friday, 10 May 2013

Key features of File Validation Utility (FVU) version 3.71


  • Section 80CCG: Section 80CCG has been incorporated for Form no. 24Q Q4. Section code 80CCG is applicable for FY 2012-13 onwards.
  • Section 80CCF: Quoting deduction under section 80CCF has been restricted to FY 2010-11 and 2011-12.
  • Relaxation of PAN validation: PAN compliance validation of 85% pertaining to deductees of section code 206CK (Form no. 27EQ) has been relaxed.
  • Applicability: FVU version 3.71 is applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards
  • FVU version 3.71 will be mandatory w.e.f May 26, 2013. Upto May 25, 2013 FVU version 3.6 and FVU version 3.71 will be applicable.

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