The Income Tax Department has released today (7th October, 2017), the following new File Validation Utilities: FVU version 5.6 – For statement pertaining to FY 2010-11 onwards FVU version 2.152 – For statement up to FY 2009-10 Click here to view the key features of FVU version 5.6 Click here to view the key features…
Change in validations for all section codes available for Form 27EQ Remark “C” (i.e. for higher rate deduction) is made applicable for all sections available for Form 27EQ. “C” remark is only allowed when the values ‘PANAPPLIED’, ‘PANINVALID’ or ‘PANNOTAVBL’ are present in the field ‘PAN of Deductee’. In such case, total TCS amount has…
Addition of new field i.e. “Goods and Service Tax Number (GSTN)” under Batch Header (BH) of TDS/TCS statement GSTN no. should be 15 digit alpha-numeric value. In case the number is less than 15 digits FVU will populate an error message “Invalid value. Please provide valid 15 digit GSTN” Applicable for regular and correction (C1,…