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E-TDS/TCS Filing as Per FVU 4.0 / 4.1 for Microsoft Dynamics NAV 2013 - India

Following are relevant changes in relation to quarterly TDS Statement with respect to FVU 4.0 and 4.1 for FY 2013-14.

Overview

Following are relevant changes in relation to quarterly TDS Statement with respect to FVU 4.0 and 4.1 for FY 2013-14 onwards highlighted by the Income Tax Authorities:

  • Last provisional receipt number to be quoted in regular TDS/TCS statements: Deductors are require to mandatorily quote the last accepted provisional receipt number of the regular quarterly TDS/TCS statement.

  • Nil challans/transfer vouchers with deductee record: Validation as below will be applicable: o Nil challans/transfer vouchers need to mandatorily have deductee records. o In deductee records, flag in the remarks for lower or non-deduction should be “A”, “B”, “Y”, “S”, “T” or “Z” (as applicable)

  • Date of deduction: Date of deduction in deductee record should not be that of previous quarter

  • Generation of Form 27A: New feature has been enabled wherein Form 27A is generated on validation of statement by TDS/TCS FVU

  • Challan amount should be more than or equal to total of Tax deducted, interest payments, late filing fees and other amounts..

Important Notice to Customers

We recommend that you contact your Microsoft Dynamics Partner before installing service packs or hotfixes. It is important to verify that your environment is compatible with the service pack(s), hotfix(es), or download(s) being installed. A service pack, hotfix, or download may cause interoperability issues with customizations, and third-party products that work with your Microsoft Dynamics solution.

Downloads

IN7.0_TFS354131_FVU 4.0 4.1.exe [EXE - 295 KB]

Support Information

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