Deductors will not be able to file nil-returns after new File Validation Utilities (FVU 4.0 & FVU 2.136) are made applicable. This is because it is clearly stated in the new rules that It is mandatory to have deductee records in the nil-challans.
The Income Tax Department has released the following new File Validation Utilities on 26 September, 2013 which would be mandatory from October 01, 2013: FVU version 4.0 – For Statements pertaining to FY 2010-11 onwards. FVU version 2.136 – For Statements pertaining to FY 2007-08 to FY 2009-10. FVU version 3.9 and FVU Version 2.135…
Change in validation of Section code 194LC: Section code 194LC will be applicable only for deductor category (as per the statement) Company and Branch of Company. This validation will apply for regular and correction statements. Incorporation of new section code 194LD: This Section code will be applicable for: Regular and correction statements pertaining to FY 2013-14…
Nil challans/transfer vouchers with deductee record: Validation as below is applicable: Nil challans/transfer vouchers need to mandatorily have deductee records. In deductee records, flag in the remarks for lower or non-deduction should be A or B (as applicable). This validation will apply for regular and correction statements. Last provisional receipt number to be quoted in regular…