Sep 282012
 

File Validation Utility version 3.6 released by NSDL

 File Validation Utility version 3.6 has been released with the following considerations,

  • FVU Version 3.6 will be in effect from 16th October 2012.
  • Upto October 15, 2012, FVU version 3.5 & FVU version 3.6 can be used.
  • For instance, Quarter 2 TDS Statement for F.Y. 2012-13, can be validated with FVU 3.5 and FVU 3.6, if filed by  15th October 2012.
  • Upto FVU 3.5, challan file was optional, but in effect from 16th October 2012, while validating e-TDS File through FVU version 3.6, challan file has become mandatory, this can be downloaded from the TIN Website under Challan Status Enquiry.
  • Challan file is only required while validating e-TDS file, in case TDS amount gets deposited through challans.
  • Deductor who does not use challan for depositing TDS, will not be required to provide challan file during TDS validation.
  • Challan file is require for validation in case of regular statement & in case of correction statement, challan file is required in following scenarios
    • Updation of Challan
    • Updation of Deductee &  corresponding challan
    • Addition of Challan.

Following Section has been introduced.

Section
Code

Section
Code to be quoted in Quarterly TDS/TCS Statement

Applicable
to TDS/TCS statement Form No.

Effective
From

194LB

4LB

27Q

FY 2011-12

194LC

4LC

27Q

FY 2012-13

206CJ

J

27EQ

FY 2012-13

206CK

K

27EQ

FY 2012-13

Two Flags have been introduced:

Flag O: – Form no. 24Q included Flag “O” explains the salary details of Super Senior Citizen (above the age 80) and has been into force since FY 2011-12 onwards.
Flag S: – Flag S, as per ITD notification dated 21/2012, for software vendor transaction in (Form 26Q – Section code 194J and 27Q –Section code 195) and has come into effect from FY 2011-12 onwards.