TDS TCS RPU and FVU Version Changed

TDS TCS RPU and FVU Version Changed NSDL releases e-TDS/TCS Return Preparation Utility (RPU) version 3.8 for Regular & Correction quarterly e-TDS/TCS

TDS TCS RPU and FVU Version Changed

NSDL releases e-TDS/TCS Return Preparation Utility (RPU) version 3.8 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08 onwards and e-TDS/TCS File validation utility (FVU) versions 2.169 for FY 2007-08 to FY 2009-10 and FVU 7.3 for FY 2010-11 onwards which are applicable from with effect from October 12, 2021 onwards.

Return Preparation Utility (RPU) version 3.8

e-TDS/TCS Return Preparation Utility (RPU) version 3.8 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08 onwards is released (01/10/2021)

Key Features

1. Addition of Section code 194P for Form 24Q

• 194P: 'Deduction of tax in case of specified senior citizens'
• This section will be applicable for regular and correction statements pertaining to FY 2021-22 onwards.

2. Addition of Section code 196D(1A) for Form 27Q

• 196D(1A): 'Income of specified fund from securities referred to in clause (a) of sub section (1) of section 115AD (other than interest income referred to in section 194LD)'
• This section will be applicable for regular and correction statements pertaining to FY 2020-21 Q3 onwards where date of payment is on or after 01/11/2020.

3. Addition of Section code 194Q for Form 26Q

• 194Q: 'Payment of certain sums for purchase of goods'
• This section will be applicable for regular and correction statements pertaining to FY 2021-22 Q2 onwards

4. Addition of new remark value 'I' which will be applicable for section codes 196D & 196D(1A) of Form 27Q

• I: 'In case of no deduction is in view of sub-section (2) of section 196D in respect of income of the nature of capital gains on transfer of securities referred to in section 115AD paid or payable to a Foreign Institutional Investor'

5. Addition of new remark value 'H' which will be applicable for section code 196D(1A) of Form 27Q

• H: 'If no deduction is in view of proviso to sub-section (1A) of section 196D in respect of an income paid to a specified fund which is exempt under clause (4D) of section 10'

6. Addition of new remark value "J" which will be applicable to all section codes except section 192A, 194LBC, 194N and 194NF of Form 27Q

• J: 'If deduction is at higher rate in view of section 206AB for non-filing of return of income by the non-resident having a permanent establishment in India'

7. Addition of new remark value 'P' which will be applicable to section code 194 of Form 26Q

• P: 'In case of No deduction is on account of payment of dividend made to a business trust referred to in clause (d) of second proviso to section 194 or in view of any notification issued under clause (e) of the second proviso to section 194'

8. Addition of new remark value 'Q' which will be applicable to section code 194A of Form 26Q

• Q: 'In case of No deduction in view of payment made to an entity referred to in clause (x) of sub-section (3) of section 194A'

9. Addition of new remark value 'U' which will be applicable to all section codes except section 192A, 194B, 194BB, 194LBC, 194N and 194NF of Form 26Q

• U: 'If the deduction is on higher rate in view of section 206AB for non-filing of return of income'

10. Addition of new remark value 'I' which will be applicable to all collection codes of Form 27EQ

• I: 'If collection is at a higher rate in view of section 206CCA'

11. Change in validation related to section code 196D in Form 27Q

• Existing remark value "C" will be applicable for this section with their existing validations in case of non-availability of PAN.
• Newly added remark "I" and existing remark "G" will also be applicable to this section code for no deduction.
• Remark "I" will be applicable in case of nil challan return.
• These changes will be applicable for regular and correction statements pertaining to FY 2021-22 onwards.

12. Changes in validations of Section 194K of Form 26Q

• Existing Remark "B" (In case of no deduction on account of declaration under section 197A) will also be applicable for this section
• These changes will be applicable for regular and correction statements pertaining to FY 2021-22 onwards.

This version of RPU is applicable with effect from October 12, 2021 onwards can be downloaded from TIN website.
Link to Download RPU Version 3.8

File Validation Utility (FVU) version 7.3

e-TDS/TCS File validation utility (FVU) version 7.3 for FY 2010-11 onwards are released (12/10/2021).

Key Features

A. Addition of new Section code 194P for Form 24Q

• 194P: Deduction of tax in case of specified senior citizens
• This section will be applicable for regular and correction statements pertaining to FY 2021-22 onwards.

B. Addition of new Section code 196D(1A) for Form 27Q

• 196D(1A): Income of specified fund from securities referred to in clause (a) of sub­section (1) of section 115AD (other than interest income referred to in section 194LD).
• This section will be applicable for regular and correction statements pertaining to FY 2020-21 Q3 onwards where date of payment is on or after 01/11/2020.

C. Addition of new Section code 194Q Form 26Q

• 194Q: Payment of certain sums for purchase of goods
• This section will be applicable for regular and correction statements pertaining to FY 2021-22 Q2 onwards.

D. Addition of new remark values for Form 27Q

1. Remark I: In case of no deduction is in view of sub-section (2) of section 196D in respect of income of the nature of capital gains on transfer of securities referred to in section 115AD paid or payable to a Foreign Institutional Investor

• This remark will be applicable for section codes 196D & 196D(1A) only.

2. Remark H: If no deduction is in view of proviso to sub-section (1A) of section 196D in respect of an income paid to a specified fund which is exempt under clause (4D) of section 10

• This remark will be applicable only for section 196D(1A)

3. Remark J: If deduction is at higher rate in view of section 206AB for non-filing of return of income by the non-resident having a permanent establishment in India

• This remark will be applicable to all section codes except 192A, 194LBC, 194N and 194NF

E. Addition of new remark values for Form 26Q

1. Remark P: In case of No deduction is on account of payment of dividend made to a business trust referred to in clause (d) of second proviso to section 194 or in view of any notification issued under clause (e) of the second proviso to section 194
• This remark will be applicable only for section 194
2. Remark Q: In case of No deduction in view of payment made to an entity referred to in clause (x) of sub-section (3) of section 194A
• This remark will be applicable only for section 194A
3. Remark U: If the deduction is on higher rate in view of section 206AB for non-filing of return of income
• This remark will be applicable to all section codes except 192A, 194B, 194BB, 194LBC, 194N and 194NF

F. Addition of remark value in Form 27EQ

• Remark I: If collection is at a higher rate in view of section 206CCA
• This remark will be applicable to all applicable to all collection codes
• These changes will be applicable for regular and correction statements pertaining to FY 2021-22 Q2 onwards

G. Change in validation related to section code 196D in Form 270

• Existing remark value "C" will be applicable for this section with their existing validations in case of non-availability of PAN.
• Newly added remark "I" and existing remark "G" will also be applicable to this section code for no deduction.
• Remark "I" will be applicable in case of nil challan return.
• These changes will be applicable for regular and correction statements pertaining to FY 2021-22 onwards.

H. Changes in validations of Section 194K of Form 260

• Existing Remark "B" (In case of no deduction on account of declaration under section 197A) will also be applicable to section for this section
• These changes will be applicable for regular and correction statements pertaining to FY 2021-22 onwards.

This version of FVU is applicable with effect from October 12, 2021 onwards.

Download e-TDS/TCS FVU (Version 7.3)

File validation utility (FVU) Version 2.169

e-TDS/TCS File validation utility (FVU) Version 2.169 for FY 2007-08 to FY 2009-10

Download e-TDS/TCS FVU (Version 2.169) e-TDS/TCS statement up to FY 2009-10

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