Major Changes in ETDS Filing from 1.7.2013

MAJOR CHANGES IN ETDS FILING FROM 1.7.2013

Major changes  has been made  applicable from 01.07.2013 in e filing of Etds return.With effect from 01/07/2013, the Income Tax Department the following File Validation Utilities for the purpose of preparing and filing TDS Returns would be applicable:

FVU Ver. 3.8 – Applicable from FY: 2010-11 onwards

FVU Ver 2.134 – Applicable from FY: 2007-08 till FY: 2009-10

Major changes are listed below.

• Minor head is now required to be filled on challan details. There are two codes 200 and 400 ,so you have to fill these code as required .In most of the case 200 is to be filled .

• No return filing or revision of return allowed for the the Fy 2006-07 or prior years.

• Now Section code is required to be filled in each deductee detail instead of in challan details.It means multiple section can be selected in one single challan .

• No cheque details is required to be filled in challan details .In most of the cases ,payment is made through online payment mode.

• Late fee is to be provided in challan details applicable from FY 2012-13 onwards.

• Due date for TDS Returns for FY:13-14 (Q1) is 15th July (For Govt deductors due date is 31st July).

 This article hase been share by student of ICAI VINANTI ZATAKIYA. She can be reached at vinanti2504@gmail.com

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