Monthly Archives: April 2015
TRY AND FAIL, BUT DON’T FAIL TO TRY
You can’t always get what you want, but if you try sometimes, you might find and you get WHAT YOU NEED
Key Features of File Validation Utility (FVU) version 4.6
- Quoting of PAN of responsible person for deducting/ collecting tax.
- Quoting of AIN mandatory only if the TDS/TCS has been deposited by book entry i.e.,through transfer voucher.
- Quoting of BIN details mandatory only for the statements pertaining to FY 2013-14 onwards.
- Update of tax deposit amount in deductee details enabled for the deductee records where tax has been deducted at higher rate.
- Reduction in the applicable list of “Nature of Remittances” (Applicable in case of Form no. 27Q).
- Enhancement of deduction allowed under section 80CCE from Rs. 1,00,000/- to Rs. 1,50,000/-.
- This version of FVU will be applicable with effect from April 21, 2015.







