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Adding support for e-TDS FVU version 4.5 on TaxCloud

Adding support for e-TDS FVU version 4.5 on TaxCloud
(added 21/12/2014)

NSDL has released a version 4.5 of the e-TDS File Validation Utility (FVU) on 20th December. TaxCloud's TDS Software has been updated to add support for this latest FVU version.

Below are the changed made in FVU 4.5:

  • Adding of Section 194LBA
    • Section 194LBA deals with payment of certain income from units of a Business Trust
    • Is applicable for Non-Salary TDS returns (Form 26Q) and NRI TDS returns (Form 27Q)
    • Rate of TDS is 10% for Residents and 5% for Non-Residents
    • Section 194LBA is applicable only from FY 2014-15 Q3 onwards only.
  • Adding of Section 194DA
    • Section 194DA deals with payment of insurance amount
    • Is applicable for Non-Salary TDS returns (Form 26Q) only
    • Rate of TDS is 2%
    • Section 194DA is also applicable only from FY 2014-15 Q3 onwards.

You can read the official list of changes to the FVU utility here.

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