Major Changes in E-TDS Return - New FVU Released by TIN NSDL applicable W.F.F 04.01.2014

New FVU ver. 4.1 and FVU ver. 2.137 released by NDSL - Mandatory w.e.f. January 04, 2014

NSDL has released the following new versions of File Validation Utilities on 2nd January, 2014 for the validation of eTDS & eTCS returns.

• FVU version 4.1 –  For eTDS/TCS statement pertaining to FY 2010-11 onwards

• FVU version 2.137 – For eTDS/TCS statement up to FY 2009-10

These two FVU versions are mandatory with effect from January 04, 2014. The earlier FVU version 4.0 and FVU Version 2.136 are applicable upto January 03, 2014.

Key features of FVU version 4.1

§  Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values.

§  Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q3 of FY 2013-14, then the date of deduction should not be lower than 01/10/2013.

§  Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.

§  Applicability of FVU version: FVU version 4.0 and 4.1 are applicable upto January 03, 2014 and from January 04, 2014 FVU version 4.1 would be mandatory.

Key features of FVU version 2.137

§  Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values.

§  Date of deduction: Date of deduction in deductee record should not be that of previous quarter. Example if the statement pertains to Q2 of FY 2009-10, then the date of deduction should not be lower than 01/10/2009.

§  Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU.

§  Applicability of FVU version: FVU version 2.136 and 2.137 are applicable upto January 03, 2014 and from January 04, 2014 it would be mandatory to validate the TDS/TCS statements using FVU version 2.137.

TDSMAN software has been updated for the newly released File Validation Utilities (FVU ver. 4.1 and FVU ver. 2.137). Deductors can use this software to validate their TDS returns with these new FVUs.  TDSMAN contains various features which helps a deductor to prepare and file his returns with great ease.  Some of its features are given below:

·         Unlimited Deductors / Deductees / Employees 

·         Covers all TDS / TCS forms & prints the corresponding certificates

·         Conveniently prepare Correction Statements                    

·         Covers FY:2013-14 and earlier years upto 2007-08

·         Integration to TRACES and NSDL PAN verification

·         Updated for FVU version 4.1

·         Data import from Excel & Consolidated Files

·         FVU generation with auto download of CSI file

To download the free trial version of the TDSMAN software, click here

To view the step by step tutorial on how to use the TDSMAN software, click here

To place an order for fully updated TDSMAN software (10% special discount to StudyCafe subscribers), click here