MSME Certified Income Tax Live Batch to commence from 25th January 2022. Limited Seats. Register Now!!

taskopad

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

New TDS/TCS RPU and FVU versions released

Posted on 29 June 2016,    
 6057 Views   Share Report

Due date for filing Quarterly TDS/TCS statement for Q1(April to June) of FY 2016-17 is July 31, 2016 for all the categories of Deductors/Collectors. Do submit quarterly TDS/TCS statement on or before due date to avoid late filing fee under section 234E of Income Tax Act.

In order to locate the nearest TIN Facilitation Centers (TIN-FC) for furnishing of quarterly TDS/TCS statement(s), please click here https://www.tin-nsdl.com/tin-facilities.php

New versions of e-TDS/TCS Return Preparation Utility (RPU) and File Validation Utilities (FVUs) have been made available at TIN website applicable from June28, 2016 at the following URL https://www.tin-nsdl.com/etds-etcs/eTDS-download-regular.php. These RPU and FVUs are freely downloadable utilities and can be used for preparation of e-TDS/TCS statement(s) pertains to Financial Year 2007-08 onwards.  

RPU Version 1.6 (Java based ): This is used for preparing and validating e-TDS/TCS Statement(s) and also contains inbuilt FVUs.

FVU Version 5.1 : Applicable for quarterly e-TDS/TCS Statement(s) pertaining to FY 2010-11 onwards.

FVU Version 2.147 : Applicable for quarterly e-TDS/TCS Statement(s) from FY 2007-08 upto FY 2009-10.

Key features of new version of RPU and FVUs are as given below:-

1. Addition of new section codes applicable for Financial Year 2016-17 onwards for statements pertaining to Form 26Q, 27Q and 27EQ (Regular and Correction):

a. Section Code 194LBC (Income in respect of investment in securitization trust):

  • This section code is applicable for Form 26Q and 27Q.
  • The value to be quoted in TDS/TCS statement is ‘LBC’.

b. Section Code 206CL (Tax Collection at Source (TCS) on sale of Motor vehicle):

  • This section code is applicable for Form 27EQ.
  • The value to be quoted in TDS/TCS statement is ‘L’​

c.  Section Code 206CM (TCS on sale in cash of any goods other than bullion/Jewellery):

  • This section code is applicable for Form 27EQ.
  • The value to be quoted in TDS/TCS statement is ‘M’​

d. Section Code 206CN (TCS on providing of any services other than Chapter-XVII-B):

  • This section code is applicable for Form 27EQ.
  • The value to be quoted in TDS/TCS statement is ‘N’.
Tags :   


Comments


img

expand_less