Latest e-TDS/TCS 4.0 Ver. with TDS Adjustment Features w.e.f. 01.10.13.

With a good news for All dedductors TIN-NSDL has been published latest FVU version 4.0 and 2.136 for TDS Deductor's and TCS Collector's w.e.f. 01.10.2013 (mandatory) to submit TDS Quarterly Statement for Asstt. Year 2014-15. In the below Key Features shows all these new amendments are to clarify TDS/TCS Deductors difficulties. Therefore, TDS/TCS Deductor read carefully all these amendments features regarding filing of Quarterly Statement for Asstt. Year 2014-15.

Conclusion regarding New 4.0 FVU Ver.:
Taxpayee/TDS Deductee or TDS Deductor can Adust Excess TDS Deposited in previous Financial Year in Current Financial Year by FVU Ver. 4.00 w.e.f. 01.10.13

It means if, TDS Deductor are filing there e-TDS Return for Fin. Year 2013-14, then they can also deposited challan for previous Fin. Year. All the deposited challan can be carry forward in Financial Year 2013-14

Key Feature of FVU Version 4.0

• Change in validation of Section code 194LC:
• Section code 194LC will be applicable only for deductor category (as per the statement) “Company” and “Branch of Company”.
• This validation will apply for regular and correction statements.
• Incorporation of new section code 194LD: This Section code will be applicable for:
• Regular and correction statements pertaining to FY 2013-14 and onwards.
• Statement pertaining to Form no. 27Q.
• Nil challans/transfer vouchers with deductee record: Validation as below will be applicable:
• Nil challans/transfer vouchers need to mandatorily have deductee records.
• In deductee records, flag in the remarks for lower or non-deduction should be “A”, “B”, “Y”, “S”, “T” or “Z” (as applicable).
• This validation will apply for regular and correction statements.
• Last provisional receipt number to be quoted in regular TDS/TCS statements: Deductors are require to mandatorily quote the last accepted provisional receipt number of the regular quarterly TDS/TCS statement.
• Date of deposit of Non-nil Challan: Validation for Date of deposit of non-nil challan has been relaxed. This date can pertain to immediate previous financial year of the statement.
• FVU version 3.9 and 4.0 are applicable upto September 30, 2013. Further, FVU version 4.0 would be mandatory from October 01, 2013.

Key features 2.135

• Nil challans/transfer vouchers with deductee record: Validation as below is applicable:
• Nil challans/transfer vouchers need to mandatorily have deductee records.
• In deductee records, flag in the remarks for lower or non-deduction should be “A” or “B” (as applicable).
• This validation will apply for regular and correction statements.
• Last provisional receipt number to be quoted in regular TDS/TCS statements: Deductors are require to mandatorily quote the last accepted provisional receipt number of the regular quarterly TDS/TCS statement.
• Date of deposit of Non-nil Challan: Validation for Date of deposit of non-nil challan has been relaxed. This date can pertain to immediate previous financial year of the statement.
• FVU Version 2.135 and 2.136 are applicable upto September 30, 2013. Further, FVU version 2.136 would be mandatory from October 01, 2013.

FVU for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards

• e-TDS/TCS FVU.exe (Version 4.0) New features/Validation

FVU for quarterly e-TDS/TCS statement up to FY 2009-10

• e-TDS/TCS FVU.exe (Version 2.136) New features/Validation