The Income Tax Department has released revised file formats for processing TDS and TCS statements.
Reetu | Dec 27, 2024 |
Income Tax Department released Revised FVUs and Return Preparation Utility for e-TDS/TCS Statements
TDS/TCS statements are issued quarterly. The Income Tax Department now accepts quarterly statements from 2007-08 onwards.
The Income Tax Department has released revised file formats for processing TDS and TCS statements.
Deductors/collectors must create e-TDS/TCS statements in these file formats using the Protean (previously NSDL eGov) e-Gov. Return Preparation Utility, in-house software, or any other third-party software, and submit these to any of the TIN-FCs established by Protean (formerly NSDL eGov) e-Gov.
Protean (formerly NSDL eGov) e-Gov developed the e-TDS/TCS Return Preparation Utility (RPU) to make it easier to produce e-TDS/TCS returns. This is a free, Visual Basic-based utility. Each type of statement can be created using a separate utility.
The existing RPU and FVU utilities have been revised and the versions of the revised RPU and FVU are as follows:
According to the Memorandum of the Finance Bill 2024 and ITD notification, the following amendments have been introduced to Forms 24Q, 26Q and 27EQ:
1) Addition of a New Column (388A)
2) Increase in Standard Deduction
3) Change in Column Name and Number
Changes have been made to the name and number of an existing column under Annexure II (Salary details) for Form 24Q, effective from FY 2024-25 Q4 onwards.
4) Omission of an Existing Section Code
Section code 194F has been omitted from Form 26Q, applicable to the statement pertaining to FY 2024-25 Q3 onwards.
| Existing column name (375 | Revised column name (388) |
| Reported amount of tax deducted at source by other employer(s)/ deductor(s) (income in respect of which included in computing total taxable income in column 13) ₹ | Reported amount of tax deducted at source by other employer(s) (income in respect of which included in computing total taxable income in column 13) ₹ |
5) Changes in Applicability of Remark Values
| Section under which Tax has been deducted/ collected | Applicable remark value | Applicable for Form Type |
Applicability of FY and Quarter |
| 194Q- Payment of certain sums for purchase of goods | A: Remark (reason for non-deduction / lower deduction/ Higher Deduction) |
26Q | 2024-25 Q3 onward |
| 206C-R- Collection at source on sale of goods |
A: Remark (reason for non-collection / lower collection) |
27EQ | 2024-25 Q3 onwards |
6) Addition of New Remark Value (J)
Return Preparation Utility (RPU) version 5.4 and File Validation Utility (FVU) versions as stated above are applicable with effect from December 27, 2024 onwards and the same are hosted on the Protean website.
Click here to download the RPU and FVU version
All TIN-FCs are advised to note that e-TDS/TCS statements validated with FVU versions lower than 8.9 or 2.185 will not be accepted at Online SAM from December 27, 2024.
In case any further information/clarification is required in this regard, then please contact TIN Call Centre on 020-2721 8080 for assistance.
In case of any Doubt regarding Membership you can mail us at [email protected]
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