Key Features – Return Preparation Utility (RPU) version 2.3:

A new column for “Deduction under Section 16 (ia)” is added under Annexure II (i.e. Salary details) for Form 24Q-Q4

The above referred deduction is applicable for regular and Correction statements for Form 24Q-Q4.

Deduction under Section 16 (ia) will be applicable for statements pertaining to F.Y. 2018-19 onwards. Introduction of new remark code for Form 26Q

A new remark code “R” is introduced under field “Remarks” in Annexure I (i.e. deducted details) for deduction on interest income for Senior Citizens.

This will be applicable only for section code 194A (i.e. interest other than interest on securities). Same will be applicable for Regular and Correction statements pertaining to Form 26Q from F.Y. 2018-19 onwards.

Incorporation of latest File Validation Utility (FVU) version 5.8 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.3 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).

This version of FVU is applicable with effect from June 29, 2018.

The Date for updation Of Entity Master Form on RBI website has been extended to 20th July 2018.