The Income Tax Department has released today (17th September, 2016), the following new File Validation Utilities: FVU version 5.2-For statement pertaining to FY 2010-11 onwards FVU version 2.148-For statement up to FY 2009-10 Click here to view the key features of FVU version 5.2 Click here to view the key features of FVU version 2.148…
Changes in Form 27A generated from File Validation Utility. The Quarter of the statement is made available in Form 27A as generated from FVU. Example: if the statement is validated from FVU pertaining to FY 2016-17 of the second quarter (i.e. July 1, 2016 to September 30, 2016), in such case, Form 27A will have…
Addition of new fields for Form 24Q-Q4 under Annexure ll (i.e. salary details) as below: Aggregate rent payment exceeds rupees one lakh during the previous year: – The above is applicable for regular as well as correction statements pertaining to FY 2016-17 onwards. – If the rent payment exceeds rupees one lakh, in such case,…