New TDS Return preparation utility



Quick Summary
The Income Tax Department has released version 3.0 of the Return Preparation Utility (RPU) for TDS statements, effective from December 27, 2019. This update introduces the new section code 194N for Form 27Q, covering cash payments, and includes changes to validation rules for both Form 27Q and Form 26Q related to this new section. Additionally, the utility now incorporates the latest File Validation Utility (FVU) version 6.5.

Key Features - Return Preparation Utility (RPU) version 3.0

1. Addition of new section code 194N (i.e. "Payment of certain amounts in cash") for Form 27Q
o Same will be applicable for regular and correction statements pertains to FY 2019-20 onwards
o Value under field "Date on which Amount paid/Credited" of deductee records should not be less than September 1, 2019

2. Changes in validation for section code 194N for Form 26Q
o Value under field “Date on which Amount paid/Credited” of deductee records should not be less than September 1, 2019

3. Incorporation of latest File Validation Utility (FVU) version 6.5 (applicable for TDS/TCS statements pertaining to FY 2010-11

4. This version of RPU is applicable with effect from December 27, 2019

FAQ :

The new version is RPU version 3.0.

RPU version 3.0 is applicable with effect from December 27, 2019.

New section code 194N, related to 'Payment of certain amounts in cash', has been added for Form 27Q.

For section code 194N, the 'Date on which Amount paid/Credited' in deductee records must not be less than September 1, 2019.

The latest File Validation Utility (FVU) version 6.5 is incorporated.

The incorporated FVU version 6.5 is applicable for TDS/TCS statements pertaining to FY 2010-11 onwards.




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