Posts Tagged ‘TIN’
FVU Version 3.3 : Effective Feb 1, 2012
NSDL has released File Validation Utility Version 3.3. The new features of the same are being described in this blog.
What is effective date of FVU 3.3
- FVU 3.3 is effective from Feb 1, 2012
- For Quarter III eTDS filing, both FVU version 3.3 and FVU Version 3.2 can be used.
- Fast Facts recommends filing of Q3 eTDS Statements with FVU Version 3.2 only
Encryption of files
- Files validated with FVU will be encrypted .
- Both regular and correction files will be encrypted.
Regular Statement : Penal Rate Deductee Records
- If deductee record flag contains “C” to indicate penal rate and rate of deduction of less than 20%, a warning will be generated by FVU 3.3 which will contain details of such inconsistent deductee records.
- Change applicable for FY 2010-11 onwards.
Regular Statements : Govt Deductors to quote BIN
- Book Identification Number ( BIN) is applicable only in respect of Government deductors
- BIN can be obtained from
- the respective Pay and Account Office (PAO) / District Treasure Office (DTO)
- TIN Web site by logging into TAN Account
- BIN Consists of
- Seven digit 24G receipt number (provided on successful acceptance of Form 24G statement at TIN central system)
- Five digit DDO serial no. (provided for each DDO transaction in Form 24G statement)
- Date of deposit of Tax
- Government deductors will have to mention the BIN in regular eTDS statements
- Change applicable for FY 2010-11 onwards.
Correction Statements : Deductee records with Flag “C”
- Deductee records with flag “C” indicate deduction at penal rate of 20% in case of deductees not having valid PAN.
- Several deductors filed regular eTDS Statement containing valid PANs and Flag “C”. FVU 3.2 does not allow editing of deductee records with flag “C”
- FVU 3.3 will now allow editing of such records for all fields except the flag “C”
- Change applicable for FY 2010-11 onwards.
Correction Statement : Import of Consolidated FVU
- In order to avoid rejection of correction statement, FVU 3.3 will require consolidated FVU file to be imported before validating correction statement
- Correction statement will also contain Hash Value as per consolidated FVU file – which is used for preparation of correction statement.
- Change applicable for all financial years
FVU 2.131 for FY upto 2009-10
- For validating regular / correction statements pertaining to period upto FY 2009-10 , FVU 2.131 has to be used
- This will be effective Feb 1, 2012
- Correction statements will require import of consolidated fvu file and a hash value will be inserted in output files
- All files validated will be encrypted.
Not issued Form 16A in time ? You may get a reminder from DIT
TDS certificate in Form 16A are to be issued for all deductions other than salary on quarterly basis. The due date of issuing Form 16A is within 15 days of the due date of filing eTDS statement.
Income-tax department has also mandated corporates and banks to issue such certificates only after downloading Form 16A files from TIN web site.
Tracking Downloads
It has been observed that income-tax department is tracking all downloads of form 16A . Those who have not made request for Form 16A are being sent reminder letters by the “Directorate of Income-tax Systems” . The reminder letter states…
It is noticed that you have not downloaded Form No 16A for Quarter ended Sep 2011 from the TIN Central System till 31/10/2011. Since, issue of TDS certificate in Form No 16A by downloading from TIN web site has been made mandatory from 1.4.2011 for corporate and banks , and only these are valid certificates, you are advised to download the same from the TIN web site ….”
Erroneous Reminders ?
Several deductors who are neither corporate nor banks have also received such reminders. This is possible if their status is not updated in TAN database , or erroneous generation of letters by income-tax department.
What should be the response
If deduductor is a bank or corporate, it must immediately submit request for downloading Form 16A thru TAN login and after downloading issue the same to deductees.
For other deductors, though it is not mandatory to download Form 16A from TIN web site, nevertheless they have to issue Form 16A within due date. They can also download Form 16A from TIN web site at their option and issue the same to deductees.
Also if the status of TAN on TIN web site is not correct, TAN rectification form must be submitted.
