FVU Version 3.3 : Effective Feb 1, 2012 - new features

FVU Version 3.3 : Effective Feb 1, 2012

NSDL has released File Validation Utility Version 3.3. The new features of the same are being described in this blog.

What is effective date of FVU 3.3

• FVU 3.3 is effective from Feb 1, 2012
• For Quarter III  eTDS filing, both FVU version 3.3 and FVU Version 3.2 can be used.
• Fast Facts recommends filing of Q3 eTDS Statements with FVU Version 3.2 only

Encryption of files

• Files validated with FVU will be encrypted .
• Both regular and correction files will be encrypted.

Regular Statement : Penal Rate Deductee Records

• If deductee record  flag contains “C” to indicate penal rate and rate of deduction of less than 20%, a warning will be generated by FVU 3.3 which will contain details of such inconsistent deductee records.

• Change applicable for FY 2010-11 onwards.

Regular Statements : Govt Deductors to quote BIN

• Book Identification Number ( BIN) is applicable only in respect of Government deductors

• BIN  can be obtained from
  • the respective Pay and Account Office (PAO) / District Treasure Office (DTO)
  • TIN Web site by logging into TAN Account

• BIN Consists of
  • Seven digit 24G receipt number (provided on successful acceptance of Form 24G statement at TIN central system)
  • Five digit DDO serial no. (provided for each DDO transaction in Form 24G statement)
  • Date of deposit of Tax

• Government deductors will have to mention the BIN in regular eTDS statements

• Change applicable for FY 2010-11 onwards.

 Correction Statements : Deductee records with Flag “C”

• Deductee records with flag “C” indicate deduction at penal rate of 20% in case of deductees not having valid PAN.
• Several deductors filed regular eTDS Statement containing valid PANs and Flag “C”. FVU 3.2 does not allow editing of deductee records with flag “C”
• FVU 3.3 will now allow editing of such records for all fields except the flag “C”
• Change applicable for FY 2010-11 onwards.

Correction Statement : Import of Consolidated FVU

• In order to avoid rejection of correction statement, FVU 3.3 will require consolidated FVU file to be imported before validating correction statement
• Correction statement will also contain Hash Value as per consolidated FVU file – which is used for preparation of correction statement.
• Change applicable for all financial years

FVU 2.131 for FY upto 2009-10

• For validating regular / correction statements pertaining to period upto FY 2009-10 , FVU 2.131 has to be used
• This will be effective Feb 1, 2012
• Correction statements will require import of consolidated fvu file and a hash value will be inserted in output files
• All files validated will be encrypted.

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CA. Mukesh Saran
M.Com.,FCA, ISA-ICAI