Friends,
In a meeting with Software Vendors on Jan 21, 1011, NSDL has outlined the following changes in eTDS Statement filing for the Fourth Quarter filing
Mandatory Mobile Number
It will be mandatory for responsible person to provide mobile number. However Central and State Government deductors need not provide mobile number
Validation on TDS Rate
Currently there is no validation on TDS Rate except that it has to be numeric . Forthcoming validation will check that Amount Paid / Credit * TDS Rate = TDS Amount
Source of News
If there is a mismatch , a warning error will be given
Deductee record below threshold limit
There is a confusion about reporting of transaction below threshold. In the past, when deductors have reported such transactions, the notice from IT , shows these transaction as short deduction and liable to tax demand. Forthcoming FVU will provide for a flag to show that a deductee record is amount paid/ credit below threshold limit , hence without tax deduction at source
Deductee record where excess tax deducted
On the similar lines, a deductee record where excess tax has been deducted will be shown with a different flag
Editing of Provisionally Booked Challans
If consolidated FVU file is downloaded, then provisionally booked challans will be allowed to be edited
Deduction u/s 80CCF
For the fourth quarter, this new deduction will have to be shown separately in the Salary record of Form 24Q
Making download of consolidated FVU Easier
The recently introduced system of allowing deductors to get consolidated FVU file is being seen as complex by users. Various options being considered by NSDL to make system easier are
* Digital Signture based authorization
* Deductor to choose user login & password
Consolidated FVU file will be uploaded in deductor’s login, since complaints are received that these files are not received through emails
Mandatory Mobile Number
It will be mandatory for responsible person to provide mobile number. However Central and State Government deductors need not provide mobile number
Validation on TDS Rate
Currently there is no validation on TDS Rate except that it has to be numeric . Forthcoming validation will check that Amount Paid / Credit * TDS Rate = TDS Amount
Source of News
If there is a mismatch , a warning error will be given
Deductee record below threshold limit
There is a confusion about reporting of transaction below threshold. In the past, when deductors have reported such transactions, the notice from IT , shows these transaction as short deduction and liable to tax demand. Forthcoming FVU will provide for a flag to show that a deductee record is amount paid/ credit below threshold limit , hence without tax deduction at sourceDeductee record where excess tax deducted
On the similar lines, a deductee record where excess tax has been deducted will be shown with a different flag
Editing of Provisionally Booked Challans
If consolidated FVU file is downloaded, then provisionally booked challans will be allowed to be edited
Deduction u/s 80CCF
For the fourth quarter, this new deduction will have to be shown separately in the Salary record of Form 24Q
Making download of consolidated FVU Easier
The recently introduced system of allowing deductors to get consolidated FVU file is being seen as complex by users. Various options being considered by NSDL to make system easier are
* Digital Signture based authorization
* Deductor to choose user login & password
Consolidated FVU file will be uploaded in deductor’s login, since complaints are received that these files are not received through emails
