Dear Sir,

Please note the changes made in filing etds return which is quartly submitted in depatment.

Applicable from 1.4.2008

Pan No.    26q (Non salary return)  - atleast  85%

Pan No.    24q (salary return)                 - Atleast  95%

And new FVU file valadition procedure ,which can be dowanloadable from www.tin-nsdl.com..

Note:  It is applicable to all the returns which is submitted after 1.4.08 irrespective of financial year.

For more details you can see below:

The following new changes have been introduced for eTDS filing from 1st April 2008.
Minimum Valid PANs

• Every return must have prescribed number of valid PANs,otherwise it will not be accepted.
• The enhanced limits will be applicable for and from the quarter ending 31.03.2008. These threshold limits will
  also apply to all those TDS/TCS returns, which are filed for any of the earlier quarters on or after 01/04/2008.
  Without compliance to these limits, returns of the deductors will not be accepted and such deductors will be
  treated as non-filers and would be exposed to penal consequences.
• The Income Tax department has emphasized that non-quoting of PAN results in inability to give credit to the
  deductees while processing their cases.
• The need for accurate quoting of PAN is critical as from assessment year 2007-08, the department has prescribed
  return forms without attachments. Hence tax credit can only be given on the basis of information made available
  by the deductors through the TDS returns.

The percentage of such valid PANs is given below

New File Validation Utility Version 2.116

• A new FVU is released by NSDL to take care of above changes and the same must be used to create FVU file for submission. The same can be downloaded from NSDL web site www.tin-nsdl.com

Additional Validations
The following additional validations have been introduced in the above FVU

• Amount Paid must be more than 0.00 : In all the returns forms the column Amount Paid / Credited cannot be 0.
• Reason for non deduction/ lower deduction :

• This column can have value �B� only Section under which payment made� is any of the sections 193, 194, 194A, 194EE. This is valid for Form 26Q.

• Consequently the following columns must contain 0.00 values only

• TDS/ TCS
• Surcharge
• Education Cess
• Total income tax deducted
• Total tax deducted
• Rate at which tax deducted

·  Column �Date of deduction� should be blank

 With Regards

(Tax Dept)

Singrodia Goyal & Co.

Chartered Accountants

Tel No : 2683 6363

Fax No : 2682 6464