New Return Preparation Utility (RPU 1.3) with New File Validity Utility (FVU 4.8)

Some major changes have been done in TDS/TCS return utility and it’s FVU regarding addition or correction in Challans, Removal of nature of remittance in 27Q etc.  Therefore please go through the below details before submitting TDS Return of the 2nd Quarter of F.Y. 2015-16 and onwards.  This FVU is applicable w.e.f. 29-09-2015

Key Features – Return Preparation Utility (RPU) version 1.3 

– Preparation of Regular and Correction TDS/TCS Statement(s) for Form 24Q, 26Q, 27Q & 27EQ pertaining to Financial Year 2007-08 onwards (for all quarters).

– Section code 192A: In addition to Form no. 26Q, this section will also be applicable for Form no. 27Q where the date of payment to deductee is on or after 01/06/2015.

– Discontinuation of C9 Correction Statements: As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Correction Statement(s) has been discontinued.

– Removal of nature of remittance (applicable only in case of Form no. 27Q): As directed by ITD, below mentioned nature of remittances has been removed from the list.
         o Commission
         o Payments to sports person & artists
         o Winning from horse races
         o Winning from lotteries, crossword puzzles, card games and other games of any sort

– Incorporation of latest File Validation Utility (FVU) version 4.8 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.144 (applicable for TDS/TCS statements from FY 2007-08 upto FY 2009-10)

Key Features – File Validation Utility (FVU) version 4.8

– Section code 192A: In addition to Form no. 26Q, this section will also be applicable for Form no. 27Q where the date of payment to deductee is on or after 01/06/2015.

– Discontinuation of C9 Correction Statements: As directed by Income Tax Department (ITD), C9 correction i.e. addition of new Challans in Correction Statement(s) has been discontinued.

– Removal of nature of remittance (applicable only in case of Form no. 27Q): As directed by ITD, below mentioned nature of remittances has been removed from the list.
      o Commission 
      o Payments to sports person & artists 
      o Winning from horse races 
      o Winning from lotteries, crossword puzzles, card games and other games of any sort 

– This version of FVU will be applicable with effect from September 29, 2015.

CLICK HERE to Download RPU 1.3 with FVU 4.8 

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