TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.9 – For statement pertaining to FY 2020-21 onwards FVU ver. 2.165 – For statement up to FY 2009-10 To update TDSMAN – Click on: Utilities – Update Software Click here to view the key features of FVU version 6.9 & FVU 2.165
File Validation Utility (FVU) version 6.9 • Section codes 194LBA(a) and 194LBA(b) for Form 26Q This section will be applicable for regular and correction statements pertaining to FY 2020-21 onwards. • Addition of Section code 194NF for Form 26Q and 27Q 194NF – Payment of certain amounts in cash to non-filers This section will be…
TRACES introduced NIL TDS Statement/Declaration of TDS from the FY 2014-15. This is applicable for Deductors who did not deduct any tax during the relevant quarter. What is the benefit of filing a Nil TDS Statement? The benefit of this facility is that instead of filing nil TDS/TCS Statement for a particular quarter/period, one just…