Form 27a generated by tds/tcs fvu mandatory from feb 01

Gita Arora (Accountant) (198 Points)

18 January 2014  

Dear All,

Form 27A generated by TDS/TCS FVU mandatory from Feb 01, 2014 [3184-ON]

The TDS/TCS File Validation Utility (FVU) version 4.1 and 2.137 which has been recently released has the feature of generating pre-filled Form 27A. The deductor/collector need not prepare a Form 27A separately as all the requisite information on the Form 27A will be auto-populated by FVU.

Further, with effect from February 01, 2014, deductors/collectors will mandatorily be required  to submit Form 27A generated by TDS/TCS FVU duly signed along the TDS/TCS statement. Any other Form 27A submitted will be treated as invalid submission and the same will be rejected by TIN-FC branches.

In view of the above, you are requested to advise your clients well in advance to submit Form 27A generated by TDS/TCS FVU only while submitting TDS/TCS statement at TIN-FC branches.