Home » TDS » Changes In Q2 eTDS Statement Filing Requirements : FVU 3.0

Changes In Q2 eTDS Statement Filing Requirements : FVU 3.0

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NSDL has notified changes in data structure and validations for filing eTDS statement for FY 2010-11. These changes are effective for the forthcoming second quarter statement filing due on Oct 15, 2010. The changes are primarily to give effect to Notification 41.

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.

     

For records marked with higher rate only below  mentioned fields can be updated:
  • 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.
    Status of FY 2010-11 Q1 statements 

    • 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


    103 Comments

    1. Varghese says:

      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

    2. kamlesh says:

      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?

    3. harshad says:

      where to get tds circle data for filling in deductor sheet

    4. jyothi says:

      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.

    5. K M Divakar says:

      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 says:

        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.

        • Ravi P Patni says:

          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.

    6. Lahu Patil says:

      Sir,

      We want to revise file of my tds return for last 3 quarter, please guide me how I can filed the revise return

      • KGS says:

        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.

    7. Vishwas R. Mali, Sri Balaji Transport Lines says:

      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.

    8. K.G. Marketing Pvt. Ltd. says:

      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

    9. Chang Dev says:

      Please carify me that charges paying towards import of materials through air is to be considered as transportation charges

    10. kgs says:

      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.

    11. Dipak Kumar says:

      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 ?

      • Varsha Mehta says:

        Dear sir,

        have you got answer or solution to this even my problem is the same

        • umesh shah says:

          NO idea.
          But while filing Q3 Form no.26 Q, I was informed that Complete Name of an Assessee is to be mentioned in Xls sheet and Generate TDs return.
          thanks
          umesh shah

    12. umesh shah says:

      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

      • fastfactsindia says:

        can you specify which address are you referring to: Deductee address, Deductor address or CIT(TDS) address

    13. Ishwar Saini says:

      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

    14. shaisy charly says:

      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

    15. Snigdha says:

      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

    16. Upendra Tax Adv Barbigha says:

      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

    17. loknath rawlo says:

      thanks for your information and Thanks to NSDL

    18. UPENDRA BARBIGHA says:

      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.

      • Vivek Shah says:

        you can download your fvu file from the NSDL website after registering your TAN

        • anil kumar says:

          in doing so tin redirecting to traces site, where they are asking token detail, challan and pan and tax deposit combination…………………
          even provding it showing invalid detail

    19. Sunil Ghayal says:

      thanks your this is very helpful email

      thanks again I shall never forget your kindness
      Sunil

    20. ARUN KUMAR says:

      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

    21. VIDYADHAR says:

      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

      • Vivek Shah says:

        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.

    22. ARUN BANSAL CA says:

      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

    23. THE EASTERN BUNKERERS P LTD says:

      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.

    24. Ravi Patni says:

      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.

    25. Ashok S Jain says:

      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

    26. GIRDHAR GARG says:

      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

    27. lata parab says:

      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

      • 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”

    28. SANJAY says:

      WE HAVE NOT DEDUCTED TDS FROM PAYMENT OF TRANSPORTERES. THEN WHAT WE HAVE TO DO ?????

      • 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%

    29. Amit Doshi says:

      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.

      • 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”

    30. mahadeo dhawale says:

      lot of thanks

    31. mahadeo dhawale says:

      thanks for sending valueable information

    32. VIDYADHAR says:

      how can i find fvu files on nsdl website whic is already filed & prn no is missing

      thanks
      vidyadhar

      • Currently there is no solution for the same. You may approach NSDL or your ITO(TDS).

      • anil kumar says:

        you can get duplicate copy from nsdl where you filled the return

        and further if this you required for reply of any intimation it will given in the notice as RRR number which is equilant to token number after adding 0 in starting

    33. SHARATH says:

      very very helpful to all concerned

    34. Devkumar says:

      Can you send FVU set up on my e-mail id.

      Regard,
      Devkumar

    35. JEETENDRA SOLANKI says:

      Thanks a lot for given Information for my E-mail Id

      Regards

      Jeetendra

    36. Thanking you for given a useful information with details

      Kashyap

    37. Sharmila k. says:

      Thanks for your informative information.

    38. Rajesh Mevada says:

      pls. send me e tds return filling setup file

    39. Mahesh Chandra Soni says:

      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

    40. Sunil Kr Jangra says:

      Thanks for me update & email

    41. Narayana Reddy says:

      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

      • 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

    42. kamal Mangaldas says:

      We have files TDS return on 1st October, 2010 with FVU Version 2.128.
      Revised return necessary with FVU 3.0 ?

    43. Sunder says:

      what is change in Q2 Return?

    44. ramanjaneyulusake says:

      Thank you veryyyyyyyyy..much.

      ramanjaneyulusake.

    45. GIRIRAJ CHANDAK CA says:

      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?

      • Vivek Shah says:

        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

    46. KRISHANDEV TIWARI says:

      Thanks for mail

    47. J B DESHPANDE says:

      Thanx sir, for such a useful information with details

    48. CHANDRANATH MUKHOPADHYAY says:

      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

    49. Diwakar Mishra says:

      VERY USEFULL MESSAGE

      THANKS

    50. Amit Kumar says:

      Thanks for the mail

    51. Harish says:

      Thanks for valuvable information

    52. ISMAIL M says:

      It is very useful for every organisation

    53. SHUBHADA MEJARI says:

      THANKS FOR THE MAIL.

    54. akram sayyed says:

      thanks for your this is very helpful email

      thanks

    55. Sarita Pathak says:

      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

    56. any guideline please send me.

      thanking you,

      regards,
      susanta kumar ghose.

    57. SAHAB SINGH ROZERA says:

      Thanks for updation regarding TDS for the 2nd quarter.

    58. y s kolur says:

      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

    59. Hardev Singh says:

      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??????

    60. Kumar Krishnan says:

      Dear Sir,

      can you clarify any one regarding trasnportation charges where i have to show in the return and challan details also.

      • Sanju says:

        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 .

    61. shabbir says:

      Thanx sir, for such a useful information with details

    62. CA. Mukesh Goel says:

      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?

    63. TANDEL says:

      Then the question of pan no does not arise if the income under the head salaries does not exceed to
      the limit exempted

    64. Vilas Harshe says:

      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?

    65. Maruti Sawant says:

      very useful …Thanks…

    66. Manish Parab says:

      Thanks

    67. RISHI says:

      Thanks for invalueable Information

    68. Arunkannan.P says:

      thnks for your valuable response. is it for first quarter return. pls reply

    69. pooja says:

      thanks your this is very helpful email

      thanks again

      Regards,

      Pooja

    70. Mani Kumar says:

      Is it required for 1st quarter ETDS return, who are not yet filed returns

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