File validation utility - Latest FVU version and key features

In this post we will be discussing about the key features of the latest File validation utility i.e., FVU 5.8.

Key features of FVU version 5.8

New FVU Changes in v5.8 [From FY 2010-11] and v2.154 [Till FY 2009-10] is effective from June 29th, 2018.

Introduction of New Remark under Form 26, Applicable from FY 2018-19 onwards.

  • Deduction on Interest Income for Senior Citizens‟ remarks added under Form 26.
  • This is only Applicable for Section 194A.
  • Changes have been made with respect to this in Regular Entry of Deduction, Excel Export/Import and Reports.

Download the latest FVU from TIN-NSDL here. 

Key features of FVU version 5.7

  1. Under Form 27EQ, in case of non-availability of deductees’ PAN, there is an addition of 2 new fields:
    • Deductee is Non-Resident (value ‘Y’ or ‘N’ is allowed under this field).
    • Deductee is having Permanent Establishment in India (value ‘Y’ or ‘N’ is allowed under this field).
      • The above-referred validations are applicable for Regular and Correction (C3) statements pertaining to FY 2017-18 onwards.
  2. Nature of remittance option present under deductee details for Form 27Q is mandatory from FY 2013-14 onwards.
    • It will be applicable to correction (C3) and regular statements.
  3. This version of FVU is applicable with effect from January 11, 2018.

Key features of FVU version 5.6

  • Change in validations for all section codes available for Form 27EQ.
    1. Remark “C” (i.e., for higher rate deduction) is applicable for all sections available for Form 27EQ.
    2. “C” remark is only allowed when the values ‘PANAPPLIED’, ‘PANINVALID’ or ‘PANNOTAVBL’ are present in the field ‘PAN of Deductee’.
    3. In such case, total TCS amount has to be 5% or more of the field “Amount of receipt / debited”.
    4. The above referred validations are applicable to Regular and Correction statements pertaining to FY 2017-18 onwards.
  • Addition of new field i.e. “Goods and Service Tax Number (GSTN)” under Batch Header (BH) of TDS / TCS statement.
    1. GSTN no. should be 15 digits alpha-numeric value.
    2. In case the number is less than 15 digits FVU will populate an error message “Invalid value. Please provide valid 15 digit GSTN”
    3. Applicable for regular and correction (C1, C2, C3, C4, and C5) statement pertains to all forms and FYs.
  • The state code of employer made mandatory in all correction statements (i.e. all batches of correction statement)
    1. All the correction statements should have employer / deductors state code under the batch header (BH)
  • Change in validation for section code “194J – Fees for Professional or Technical Services” for Form 26Q
    1. Remark ‘B’ is made applicable under this section which represents either no deduction or lower deduction.
    2. The same is applicable for the regular and C3 type of correction Statement pertaining to FY 2017-18 onwards.
  • This version of FVU is applicable with effect from October 07, 2017.

Key features of FVU version 5.5

  • Changes in validation for the field “PAN of Lender” for form 24Q-Q4 under Annexure II (i.e. Salary details) from F.Y. 2016-17 onwards

    Relaxation for the Existing Validation of structurally valid PAN. These fields may contain below-mentioned values along with structurally valid PAN, only when PAN of the lender is not available.

    1. GOVERNMENT: This is applicable when lenders are Government organizations (i.e., Central or State).
    2. NONRESIDENT: This is applicable when the lenders are Non-Residents.
    3. OTHER VALUE: This is applicable when the lenders are other than Government organization and Non-Residents.
  • Addition of new section code for Form 26Q

    New section code “194IC – “Payment under the specified agreement” added for Form 26Q. It is applicable for the Regular and C3 type of Correction Statement i.e., ‘Update / delete / add deductee details’ pertaining to FY 2017-18 onwards.

  • Change in validation for section code “194D – Insurance and Commission” for Form 26Q
    1. Remark ‘B’ is applicable under this section which represents either no deduction or lower deduction.
    2. The same is applicable to the regular and C3 type of correction Statement pertaining to FY 2017-18 onwards.
  • Change in validations for section code 206CC (i.e., “Collection at source from Timber obtained by any mode other than a forest lease”) for Form 27EQ
    1. Remark “C” (i.e., for higher rate deduction) is applicable only for this section.
    2. Allowance of “C” mark is only when the values ‘PANAPPLIED’, ‘PANINVALID’ or ‘PANNOTAVBL’ are present in the field ‘PAN of Deductee’.
    3. In such case, total TDS amount has to be 5% or more of in the field “Amount of receipt / debited”.
    4. The above-referred validations are applicable to Regular and Correction statements pertaining to FY 2017-18 onwards.
  • Verification of latest FVU version at the time of validation of e-TDS/TCS statement
    1. The Challan Status Inquiry (CSI) file downloaded from TIN website will contain the current FVU version.
    2. While validating e-TDS / TCS statement through RPU, verification of FVU versions (i.e., the FVU version present in the CSI file and the version of FVU used for validation) will take place and in case of mismatch, the FVU will not allow user to validate the file and will display an error message ‘This is old FVU version, please use the latest FVU version available at www.tin-nsdl.com and validate the file. No acceptance for the file validated with old FVU version.
  • This version of FVU is applicable with effect from June 9, 2017.

Key features of FVU version 5.4

  • Revision if Validation for “PAN of Landlord” field for form 24Q-Q4 under  Annexure II (i.e., Salary details) from F.Y. 2016-17 onwards. Existing Validation of structurally valid PAN relaxed. These fields may contain any value from the below mentioned when the landlord does not have PAN.
    1. GOVERNMENT: This is applicable when landlords are Government organizations (i.e. Central or State).
    2. NONRESIDENT: This is applicable when the landlords are Non-Residents.
    3. OTHER VALUE: This is applicable when the landlords are other than Government organization and Non-Residents.
  • Validation for non-update of Deductee / Collectee records from Annexure I and Annexure ll in TDS / TCS correction statements when Form 26A / 27BA has been generated.
    1. Deductee / Collectee against which Form 26A / 27BA has been generated at Income Tax Department where the update will not be allowed on certain fields in Annexure I of Form 24Q, 26Q and 27EQ while submitting correction statement. The certain fields are as below:-
      • PAN of Deductee / Collectee
      • Amount of Payment / Credit
      • Total tax Deducted (Tax + Surcharge + Education Cess)
      • Section code
    2. Deductee against which Form 26A / 27BA has been generated at Income Tax Department where no update or deletion of record will be allowed in Annexure-ll of Form 24Q while submitting correction statement.
    3. Such Deductee / Collectee records will be present in the TDS / TCS consolidated file with a flag value of ‘F’ against the field ‘Mode’ as per the specified file format.
    4. This is applicable from Financial Year 2007-08 onwards.
    5. e-TDS / TCS correction statements received with the changes not desired as per above will reject at TDS CPC of Income Tax Department.
  • Incorporation of latest File Validation Utility (FVU) version 5.4 (applicable for TDS / TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.150 (applicable for TDS / TCS statements from FY 2007-08 up to FY 2009-10).
  • This version of FVU is applicable with effect from February 23, 2017.

This ends our post on the Key features of the Latest FVU for TDS return filing. Let us know your opinion on this by commenting below.

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