Analysis of File Validation Utility (FVU) Version 5.0
The Income Tax Department has released the new File Validation Utility (FVU) Ver. 5.0 on 13th April 2016 and is applicable for all TDS Returns & Correction Statements filed from the same date onwards. Highlights and its analysis are summarized below: Changes is Form 26Q (TDS Returns for Non-Salary) The applicability of value B in…