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You are here: Home / Business & Economy / New E-TDS Changes India Income Tax

Business & Economy

New E-TDS Changes India Income Tax

The information is also available under the head ‘Modifications in the e-TDS/TCS data structure and new File Validation Utility applicable from October 1, 2009’ on the NSDL – TIN homepage (www.tin-nsdl.com).
QUOTE
MAIL FROM NSDL
Sir / Madam
We would like to inform that the data structure of quarterly e-TDS / TCS statements have been modified by the Directorate of Income Tax (Systems). New data structure (changes highlighted) version 4.0 for quarterly e-TDS/TCS statement (Regular and correction) is attached.
Key changes:
· The classification of deductors; Govt. and others as existing now is enhanced to State Govt., Central Govt., Company, Firm, etc. in line with deductor categories in TAN database
· In case of Govt. deductors they have to specify Ministry name, PAO / DDO code, PAO / DDO registration no., state name. Necessary fields for the same have been added.
· Field to specify the software used for preparation of return has also been added.

Accordingly, necessary validations have been built in the FVU with a view to improve the data quality.

The changes in FVU are as below:
1. Fields have been added in regular and correction e-TDS / TCS file format.
2. Validations have been tightened in some existing fields in case of regular and correction e-TDS / TCS file format.
3. Verification of challan details in e-TDS / TCS returns with challan details uploaded by banks. In case of verification failure, warning file containing details of challan mismatch will be generated.
4. Statistic report generated by FVU will also contain details of verification of challans and bifurcation of payment by Government deductors as transfer voucher and challan.
Quarterly e-TDS / TCS returns filed from October 1, 2009 should be as per the new data structure. If the returns do not conform to the new data structure they will be rejected by TIN.
e-TDS / TCS correction on regular returns filed as per the old data structure (validated with FVU version upto 2.126) should be validated with FVU version 2.126 only.
FVU for new data structure will be available at NSDL website (www.tin-nsdl.com) by mid September, 2009.
Regards
NSDL
UNQUOTE


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