Changes In Q2 eTDS Statement Filing Requirements : FVU 3.0
Changes
- 100% Valid PANs
- Reporting of Transport Contract payments without deduction of TDS
- Flagging penal rate deductions
- Mandatory Contact details of Deductor
- Reporting requirements for Govt Deductors
100% Valid PANs
Existing Rule
At present a minimum percentage of valid PAN is mandatory in any eTDS statement. This is 95% for Form 24Q and 85% for others
Changed Rule
Form 24Q/26Q/27Q
- All deductee records must have valid PANs. Even deductee records where tax has been deducted at lower/NIL rate must have valid PAN
- Only exception is deductee records where tax has been deducted at higher rate u/s 206AA
Form 27EQ
- The existing rule of 85% continues
Reporting of Transport Contract payments without deduction of TDS
Finance Act 2009 had made an important change in respect of applicability of TDS on transport contractors. Section 194C was replaced and the following two sub sections provided for non deduction of TDS on transport contractors
(6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.
(7) The person responsible for paying or crediting any sum to the person referred to in subsection (6) shall furnish, to the prescribed income-tax authority or the person authorised by it, such particulars, in such form and within such time as may be prescribed.
- In terms of sub section (7), now such transactions are to be reported in regular eTDS statement.
- All such deductions to transport contractors where tax has not been deducted are to be marked “T” in the column Reason for Non-deduction / Lower Deduction, if any in the deductee details
Penal rate deductions
- All deductions where tax has been deducted at hiigher rate in terms of section 206AA are to be marked “C” in the column Reason for Nond eduction / Lower Deduction, if any in the deductee sheet
-
Such transactions need not have valid PAN.
-
PAN
-
Amount of payment
-
Date of payment
Mandatory Contact details of Deductor
In the deductor details , contact details of deductors are provided
- Email-Id of deductor / responsible person is now mandatory
- Field for mobile number of responsible person has been added.
- Any one of the contact details of deductor is mandatory:
Deductor telephone no. along with STD code
Responsible person telephone no. along with STD code
Mobile no. responsible person
Reporting requirements for Govt Deductors
-
For TDS deposited by book entry, 7 digit number
generated by TIN for accepted Form 24G
statement to be quoted in BSR code field. This
value will be provided by the Accounts Officer to
the deductor.
- For TDS deposited by book entry, 5 digit number
generated by TIN for DDO record of accepted
Form 24G statement will be quoted in Transfer
voucher field. This value will be provided by the
Accounts Officer to the deductor
Form No 27EQ
- Form No 27EQ is to be filed for tax collection at source
- Validation for no/lower/higher deduction will not be applicable for Form no. 27EQ
- PAN compliance validation of 85% will be applicable for Form no. 27EQ
New File Validation Utility : FVU 3.0
- Quarterly e-TDS statements (regular and correction) upto FY 2009-10 should be validated with FVU version 2.129. There is no change in the validations for statements upto F.Y. 2009-10
- Quarterly e-TDS statements (regular and correction) for FY 2010-11 should be validated with FVU version 3.0.
- If statement for Q1 FY 2010-11 is being filed late , does it need to be validated with FVU 3.0 ?
- The answer is Yes. it needs to be validated with FVU version 3.0.
- eTDS Statements are accepted at TIN-Centres by SAM software. Latest SAM will not accept any statement for FY 2010-11 , unless it is validated with FVU 3.0
I am trying to revise Q3 of FY 10-11 for the following case. For a vendor who did not have pan i deducted @ regular rate instead of 20%. In the default report it showed an error for this. Now i deducted tax @ 10% again (20% less 10%already deducted) and remitted the same along with interest under new challan. I want to update the same in the dwnloaded nsdl fvu file. What ever i do, like putting ‘C’ with tax rate 20%, it is showing error as ‘ tax deducted amt is less’, if not putting anything and tax rate @ 10%, it says for invalid pan higher rate has to be applied…and so on. Plz help on this…how to file/update for this default in fvu file..
Varghese
Varghese
February 21, 2012 at 6:14 PM
If the transporter provide us the PAN No we didn’t deduct the TDS, but if the PAN No is not given by the transport and no TDS to be deducted and the limit is below Rs. 75,000/- then in above case what is to be do?
kamlesh
October 13, 2011 at 12:14 PM
where to get tds circle data for filling in deductor sheet
harshad
June 8, 2011 at 4:37 PM
sir
when i am preparing the form no 16 for the f.y 2010-11 and the data sheet is prepared according to the new 10-11 sheet on valaditation it is not accepting the new format pls advice.
jyothi
May 19, 2011 at 3:13 PM
For product support send email to etds@fastfacts.co.in or call 022 4055 7077. Blog is only for sharing lastest info and its analysis
fastfactsindia
May 19, 2011 at 4:16 PM
We need to file Form 27 for NOn Resident TDS deduction. PAN No of the party is not available and TAX was deducted @20%. How to file returns as the present software is not accepting the same.
K M Divakar
April 12, 2011 at 11:43 AM
We need to file Form 27 for NOn Resident TDS deduction. PAN No of the party is not available and TAX was deducted @20%. How to file returns as the present software is not accepting the same.
Vinati Organics Limited
May 12, 2011 at 6:44 PM
Insert C
where you deduct 20% tax of party & not avbl PAN No.
in
Reason for Non-deduction / Lower Deduction, if any (428)
and process for FVU.
your prb. is solve.
Ravi P Patni
May 14, 2011 at 1:23 PM
Sir,
We want to revise file of my tds return for last 3 quarter, please guide me how I can filed the revise return
Lahu Patil
March 15, 2011 at 1:53 PM
If u didn’t prepare revise return till time, then get original fvu files, then prepare revised returns with that files in correction return software.
KGS
April 2, 2011 at 4:33 PM
We have already filed TDS return for Q-1,Q-2 & Q-3.
Now as per notification of I.T. we have to file revised return for Q2 & Q3 giving the deductee details who have PAN and no I.Tax was deducted before.
We have deductees with PAN exceeding 1000 Nos. Since our Correction utility do not permit copy & Paste facility, we are needed to enter each detail manualy. This results in duplication and waste of time.
Do we have any Utility which can help me to file Correction Statement with Copy & Paste facility since we have already compiled Correction Dedudctees in Excel?
Thanks.
Vishwas R. Mali, Sri Balaji Transport Lines
March 12, 2011 at 7:36 PM
I do not know which address ,am I suppose to write while preparing Form No.16a on Quarterly basis.
from where we can find CIT TDS CIRCLE. there is 2 columns. Can you please guide me for the same.
Thanks,
Ashwini
K.G. Marketing Pvt. Ltd.
March 1, 2011 at 1:13 PM
Please carify me that charges paying towards import of materials through air is to be considered as transportation charges
Chang Dev
January 13, 2011 at 6:12 PM
what is the procedure to issue consolidated tds certificate to any party?
Shall i create seperate tds code for different sections or
create one party in party master, and changes to be done at the time of entry in transactions entry? pl. guide me.
kgs
January 13, 2011 at 4:57 PM
In case i have deducted whiholding tax as per DTAA @ 15.45% for a Non-resident who does not have a PAN I am not able to validate the return as there is a requirement of 100% PAN and calculating @ 20%. How do i prepare my return ?
Dipak Kumar
January 11, 2011 at 2:46 PM
Sir,
I do not know which address ,am I suppose to write while preparing Form No.16a on Quarterly basis. Can you please guide me for the same.
Thanks
Umesh Shah
umesh shah
December 24, 2010 at 3:50 PM
can you specify which address are you referring to: Deductee address, Deductor address or CIT(TDS) address
fastfactsindia
January 5, 2011 at 5:23 PM
Dear Sir
Please Tell me about Tds Return i am prepare the etds return Non deduction and non deduction transporter Detail Shown in tds return or not Please help me
regular retrun Q2 submit the department in taxmann software and the revise return submit the NSDL RPU Sortware this is possiable or not please advise
Thanks & Regards
Ishwar Saini
December 22, 2010 at 10:17 AM
In 2nd qtr changes detail you have mentioned that reporting of transport contract payments without deduction of TDS. Please explain me how to report this
shaisy charly
December 7, 2010 at 1:18 PM
T-FV-1000 Invalid File Header Record Length error is showing while updating with 2.129 what should else we do to rectify the error
Snigdha
December 7, 2010 at 12:45 PM
Hi,
I too facing same problem(T-FV-1000 Invalid File Header Record Length error). if you find please inform me.
Sivaprasad.
sivaprasad
December 8, 2010 at 5:49 PM
FVU gives this error due to following reasons:
• The user has not upgraded to the new etds Correction version and using FVU 2.129. To resolve this error, run correction upgrade again and re-validate.
• Selection of wrong path in ‘TDS/TCS Input file name with path’ while validating.
fastfactsindia
December 15, 2010 at 6:26 PM
which software and which version are you using
Vivek Shah
December 15, 2010 at 3:40 PM
T-FV-1000 Invalid file Header Record Lengh Error is showing while updating eTDS return
Devgan Software
February 2, 2011 at 1:20 PM
wHAT TO DO IN Q4 2009-2010 OF FORM 24 A GOVT DEDUCATOR THE TAX DEPOSITED BY BOOK ENTRY AND THE 24G DETAIL NOT AVAIBALE
Upendra Tax Adv Barbigha
November 17, 2010 at 7:31 PM
thanks for your information and Thanks to NSDL
loknath rawlo
November 16, 2010 at 8:23 PM
i want to revised return for the perid 2009-10 but original file fvu not available what to do and the 2nd q is if the return for whole perid again filed instead of correction.
UPENDRA BARBIGHA
November 14, 2010 at 1:13 PM
you can download your fvu file from the NSDL website after registering your TAN
Vivek Shah
December 15, 2010 at 3:34 PM
thanks your this is very helpful email
thanks again I shall never forget your kindness
Sunil
Sunil Ghayal
November 9, 2010 at 11:39 AM
sir
WHEN WE FILE REVISED RETURN FROM ETDS WIZARD OF FAST FACTS FOR FINANCIAL YEAR 200809, THE FILE IS VALIDATED BY FVI 2.126 AND WHEN COPY OF ETDS IS SUBMITTED TO TIN CENTRE , SAM 5.55 LATEST DOES NOT ACCEPT AS IT REQUIRES VALIDATION BY FVU 2.129 LATEST FOR FILES BEFORE 1-04-2010
FAST FACTS IS REQUESTED TO LOOK IN THE MATTER IMMEDIATELY
ARUN KUMAR
October 17, 2010 at 9:08 PM
You will have to upgrade to the latest eTdsWizard 2010-11 version 10.05
Vivek Shah
December 15, 2010 at 3:38 PM
Dear sir,
there is limit for revised return?
again & again deductee giving pan no in case of 500 deductee is there but 100 deductee invalid pan so what can i do
can i revised 50 times
that is big problem
VIDYADHAR
October 16, 2010 at 12:41 PM
you can file revised return any no. of times. before filing a revised return you can get the latest consolidated fvu (including the previous revised returns) from the NSDL website after registering your TAN.
Vivek Shah
October 17, 2010 at 12:34 PM
Sir
My query is that whether it’s mandatory to file 24q of govt sector as per data given by pay accounts office or optional as some are putting fictious numbers and sam is generating the returns
thanks
arun bansal
ARUN BANSAL CA
October 15, 2010 at 9:14 PM
from where we can find CIT TDS CIRCLE. there is 2 columns. for what? how to enter recpt no? on PRN sheet it wan’t accept.
THE EASTERN BUNKERERS P LTD
October 13, 2010 at 11:33 AM
we are file return no. 26
we have total record 151.
8 record are not having PAN number and we also deduct 20% income tax amount as per RULE of these records.
after we proceed, found
ERROR HAVING 100% PAN NUMBER.
please help me how can be submit return.
Ravi Patni
October 12, 2010 at 9:21 PM
when we generated form 16A or 16 how do we save the forms pls let me know because every time some of them want their tds certificate at any time so i have to generated every time
Ashok S Jain
October 12, 2010 at 2:59 PM
please clearify that in case of non deduction of tds from payment made to transporter and at the time of validation the software required challan number but the same is not applicable how we validate the file
GIRDHAR GARG
October 12, 2010 at 1:36 PM
Dear Sir,
We have not deducted TDS in case of transport those
pan no. is available than how to show in return in challan sheet & deductee sheet.
Thanking you
lata parab
lata parab
October 12, 2010 at 10:41 AM
If you have any challan pertaining to section 94C, then you can include these transactions in deductee details under that challan. Since, such entries will not have any TDS amount, it will have no effect on Challan amount.
If you do not have any challan for 94C, then you can create a NIL challan for 94C and include transactions under the NIL Challan
These transactions are to be shown with “T” mentioned in the the column “Reason for Non/Lower Deduction”
fastfactsindia
October 12, 2010 at 5:51 PM
WE HAVE NOT DEDUCTED TDS FROM PAYMENT OF TRANSPORTERES. THEN WHAT WE HAVE TO DO ?????
SANJAY
October 11, 2010 at 4:39 PM
If the transporter has provided valid PAN, than no TDS is required to be deducted. Only such entries need to be shown in Quarterly statement
If the transporter has not provided PAN or PAN is not a valid , than a responsibility is cast on you to deduct TDS at penal rate of 20%
fastfactsindia
October 12, 2010 at 5:53 PM
In case i have deducted as per DTAA for a Non-resident and the Non-resident does not have a PAN i am not able to validate the return as there is a requirement of 100% PAN. How do i prepare my return.
Amit Doshi
October 11, 2010 at 4:28 PM
Even in the case of non residents, PAN is mandatory. If you have deducted tax at penal rate then you can show the same in eTDS statements , otherwise there is no way of including them in the statement
Entries with penal rate are to be shown with “C” mentioned in the column “Reason for Non/Lower Deduction”
fastfactsindia
October 12, 2010 at 5:54 PM
Thanks to NSDL
Shekhar Hedau
October 11, 2010 at 1:07 PM
lot of thanks
mahadeo dhawale
October 11, 2010 at 9:29 AM
thanks for sending valueable information
mahadeo dhawale
October 11, 2010 at 9:29 AM
how can i find fvu files on nsdl website whic is already filed & prn no is missing
thanks
vidyadhar
VIDYADHAR
October 10, 2010 at 2:45 PM
Currently there is no solution for the same. You may approach NSDL or your ITO(TDS).
fastfactsindia
October 12, 2010 at 5:56 PM
very very helpful to all concerned
SHARATH
October 9, 2010 at 7:24 PM
Can you send FVU set up on my e-mail id.
Regard,
Devkumar
Devkumar
October 9, 2010 at 2:02 PM
Thanks a lot for given Information for my E-mail Id
Regards
Jeetendra
JEETENDRA SOLANKI
October 9, 2010 at 12:06 PM
Thanking you for given a useful information with details
Kashyap
KRISHNA KUMAR KASHYAP
October 9, 2010 at 10:30 AM
Thanks for your informative information.
Sharmila k.
October 9, 2010 at 10:06 AM
pls. send me e tds return filling setup file
Rajesh Mevada
October 8, 2010 at 8:18 PM
thanks for your information, this is very helpful email
Sir, I would like to inform you that I am using this software since 2004-05, but a bigger difficulty to enter data every time i.e. Name of Deductee PAN and Address of Deductee. My suggestion to create Master for Name of Deductee,PAN and Address. If you are do the same tomuch helpful for the users.
Thanks
Mahesh Chandra Soni
thanks
Mahesh Chandra Soni
October 8, 2010 at 4:00 PM
Thanks for me update & email
Sunil Kr Jangra
October 8, 2010 at 12:39 PM
Dear Sir/Madam,
For the first quater of FY 2010-11 returns we have already filed in the month of july-10. But, we have not given transporter details in that return. Shall we revise the returns or not please clarify.
Thanks.
B. Narayana Reddy.
Cell: 9866339917
Narayana Reddy
October 8, 2010 at 11:32 AM
At the time of filing of 1st quarter return, this requirement was not specified. There is no specific guideline about revising 1st Qtr statement.
In our view , there is no need to file Correction Statement. You can include these transactions in the Q2 data as date of payment for Q2 statement can be any date prior to Sept 30,2010
fastfactsindia
October 12, 2010 at 5:56 PM
We have files TDS return on 1st October, 2010 with FVU Version 2.128.
Revised return necessary with FVU 3.0 ?
kamal Mangaldas
October 8, 2010 at 9:54 AM
As of now there is no specific instruction to revise eTDS statement filed with FVU 2.128
fastfactsindia
October 12, 2010 at 5:58 PM
what is change in Q2 Return?
Sunder
October 8, 2010 at 9:24 AM
Thank you veryyyyyyyyy..much.
ramanjaneyulusake.
ramanjaneyulusake
October 7, 2010 at 8:39 PM
Since SAM is to be updated for ver 3.00 how will it be possible to validate etds statements upto 2009-2010 through validation utility ver 2.129 after updation of SAM to ver 3.00?
GIRIRAJ CHANDAK CA
October 7, 2010 at 8:33 PM
SAM is having both fvu version 3.0 and 2.129 enabled. if the return is for FY 2010-11 then it will check with the fvu 3.0 and earlier FY it will check with fvu version 2.129
Vivek Shah
October 13, 2010 at 2:37 AM
Thanks for mail
KRISHANDEV TIWARI
October 7, 2010 at 7:33 PM
Thanx sir, for such a useful information with details
J B DESHPANDE
October 7, 2010 at 7:08 PM
Dear Sir/Madam
Your product is very good and i am using from 2007 one problem at the time of genaration of 16A it is printing entry wise but not PAN or PERTY wise .please do arrange the same it will be help full
your early response will be highly appreciated.
thanking you
Chandranath Mukhopadhyay
ALANKIT KATWA BRANCH
9434238291/9932116139
CHANDRANATH MUKHOPADHYAY
October 7, 2010 at 6:35 PM
VERY USEFULL MESSAGE
THANKS
Diwakar Mishra
October 7, 2010 at 5:53 PM
Thanks for the mail
Amit Kumar
October 7, 2010 at 5:46 PM
Thanks
Harish
October 7, 2010 at 5:00 PM
Thanks for valuvable information
Harish
October 7, 2010 at 4:59 PM
thanks alot
samarth
October 7, 2010 at 4:48 PM
It is very useful for every organisation
ISMAIL M
October 7, 2010 at 2:34 PM
THANKS FOR THE MAIL.
SHUBHADA MEJARI
October 7, 2010 at 1:32 PM
thanks for your this is very helpful email
thanks
akram sayyed
October 7, 2010 at 11:09 AM
Dear, if we have to revised the fy 200809 tds all qauters, then what we have todo? actually my collegue done mistake she file fresh quaters (all 4), & whn finalised the balancesheet then again the data must be revised so they revised the data but in regular basis not in correction basis, in nsdl they deposit the return & give it to prn but after sometime they send a notice that you have to write their correction data, now the problem is we can’t type 8000 data to each & every quater, i need your suggestion that what we to do now? how can we fillie the return in correction formate, we have to type each & every entry single single time or some other advice. kindly suggest em what we have to do?
Regards
Sarita
Sarita Pathak
October 7, 2010 at 10:41 AM
even i am also facing the same problem please advise what to do i have a recod of 1600 employees .
vikas
October 11, 2010 at 2:30 PM
any guideline please send me.
thanking you,
regards,
susanta kumar ghose.
SUSANTA KU GHOSE
October 7, 2010 at 10:32 AM
Thanks for updation regarding TDS for the 2nd quarter.
SAHAB SINGH ROZERA
October 7, 2010 at 10:13 AM
Dear sir ,
why NSDL Asking transporters inforamtin if transporters pan no is avalibale than tds is not applicable so if you require only tansporters name & pan no.it is possible to submitt information.
it is incraseing double working .
thanks
y s kolur
October 7, 2010 at 10:03 AM
Thanx for such information, I have a party of which TCS deposit @0.15% as per new rule what will the effect of such amendments??????
Hardev Singh
October 7, 2010 at 9:53 AM
Dear Sir,
can you clarify any one regarding trasnportation charges where i have to show in the return and challan details also.
Kumar Krishnan
October 7, 2010 at 9:50 AM
Yes, if you have deducted TDS on Transportation charges then you have to show in Etds return. If you have not deducted any tds on Transportation charges then also you need to mention the detials in return. Where tax has not been deducted are to be marked “T” in the column Reason for Non-deduction / Lower Deduction, if any in the deductee details .
Sanju
October 7, 2010 at 2:21 PM
Thanx sir, for such a useful information with details
shabbir
October 7, 2010 at 9:16 AM
Since SAM is to be updated for ver 3.00 how will it be possible to validate etds statements upto 2009-2010 through validation utility ver 2.129 after updation of SAM to ver 3.00?
CA. Mukesh Goel
October 7, 2010 at 8:43 AM
Then the question of pan no does not arise if the income under the head salaries does not exceed to
the limit exempted
TANDEL
October 6, 2010 at 6:50 PM
Thanks
MOTILAL BAGUL
October 6, 2010 at 6:32 PM
Sir,
In case of Salaries, 100% PAN are requirred where tax is deducted? If employee do not have PAN and there is no taxable income under salaries, then what is the tax treatment?
Vilas Harshe
October 6, 2010 at 4:19 PM
eventhough employee do not hv PAN and there is no taxable income under salaries still he needs to file zero tax return
Pearl
October 7, 2010 at 11:31 AM
You query is already explained in another article .TDS calculation for employees without PAN u/s 206AA
fastfactsindia
October 12, 2010 at 6:01 PM
very useful …Thanks…
Maruti Sawant
October 6, 2010 at 2:23 PM
Thanks
Manish Parab
October 6, 2010 at 2:09 PM
Thanks for invalueable Information
RISHI
October 6, 2010 at 2:00 PM
thnks for your valuable response. is it for first quarter return. pls reply
Arunkannan.P
October 6, 2010 at 1:45 PM
thanks your this is very helpful email
thanks again
Regards,
Pooja
pooja
October 6, 2010 at 1:31 PM
Is it required for 1st quarter ETDS return, who are not yet filed returns
Mani Kumar
October 6, 2010 at 1:08 PM
eTDS Statements are accepted at TIN-Centres by SAM software. Latest SAM will not accept any statement for FY 2010-11 , unless it is validated with FVU 3.0
fastfactsindia
October 6, 2010 at 2:34 PM
Thanks for invalueable Information for Changes In Q2 eTDS Statement Filing Requirements : FVU 3.0
akhilesh kumar
October 20, 2010 at 12:05 PM