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On December 20, 2014, NSDL has released the new version of File Validation Utilities (FVU version 4.5 and FVU version 2.141) for quarterly eTDS/TCS statement.

FVU version 4.5 – For Statements pertaining to FY 2010-11 onwards.
FVU version 2.141 – For Statements upto FY 2009-10.

Key features of FVU version 4.5 has been given below:
Incorporation of section 194LBA:
· Section 194LBA is applicable for Form no. 26Q and 27Q
·  Section 194LBA is applicable for statements pertaining to Q3 of FY 2014-15 onwards.
·  Section code to be quoted in the TDS statement for section 194LBA is 4BA

Incorporation of section 194DA:
·  Section 194DA is applicable for Form no. 26Q only
·  Section 194DA is applicable for statements pertaining to Q3 of FY 2014-15 onwards.
·  Section code to be quoted in the TDS statement for section 194DA is 4DA



As the due date of filing of quarterly TDS statement for Q3 of FY 2014-15 is approaching fast, deductors are advised to prepare and file TDS returns on time to avoid late filing fees and penalty.

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