TAX DEDUCTED AT SOURCE (TDS)
Tax Deducted At Source (TDS) is introduced with an aim to collect tax from the very source of income. As per concept, a person
(deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit
the same into the account of the Central Government. The deductee from whose income tax has been duducted at source would
be entitled to get credit of the amount so deducted on the basis of Form 26AS or TDS Certificate issued by the deducted.
TDS Update on 1st September 2023
Notification issued by Central Board of Direct Taxes (CBDT) dated May 22, 2023 (copy of notification is attached herewith as Annexure A), regarding changes proposed in prescribed Forms of TDS/TCS Statements. Accordingly, required changes are done in in Return Preparation Utility and File Validation Utilities of TDS/TCS Statements. Updated FVU versions are incorporated in Online SAM application:-
FVU version 8.2 (applicable for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards)
FVU version 2.178 (applicable for quarterly e-TDS/TCS statement pertaining upon FY 2009-10)
FVU version 2.1309 (applicable for quarterly paper TDS/TCS statements pertaining to FY 2007-08 onwards)
RPU version 4.7 (applicable for quarterly TDS/TCS statements pertaining to FY 2007-08 onwards)
Details of changes in TDS/TCS File Validation Utilities and Return Preparation Utility are attached herewith as Annexure B.
Return Preparation Utility (RPU) version 4.7 is hosted on the TIN website and can be used for preparation of e-TDS/TCS statements. The said RPU can be downloaded from the link https://www.protean-tinpan.com/downloads/e-tds/eTDS-downloadregular.html
The aforementioned RPU and FVU versions are applicable with effect from September 01, 2023 onwards. All TIN-FCs are advised to note that e-TDS/TCS Statements validated with FVU versions lower than 8.2 or 2.178 will be rejected at Online SAM from said date.
In case of any clarifications, contact TIN Call Centre on 020-2721 8080
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