e-TDS TCS RPU Latest Version 1.6 effective from 28.06.2016. Download NSDL latest RPU

eTDS TCS RPU Latest Version 1.6 effective 28062016

After New FVU version 2.147 and version 5.1, NSDL has also issued latest Return Preparation Utility (RPU) Version 1.6 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08

Key Features – Return Preparation Utility (RPU) version 1.6

• New Section code 194LBC (Income in respect of investment in securitization trust) has been added under list of sections available under Form 26Q and 27Q.
• New nature of collection codes 206CL (Sale of Motor vehicle), 206CM (Sale in cash of any goods (other than bullion/jewelry)) and 206CN (Providing of any services (other than Ch-XVII-B)) has been added under list of collection codes available under Form 27EQ.
• Incorporation of latest File Validation Utility (FVU) version 5.1 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.147 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10).

• Order u/s 263 enhancing disallowance quashed as CIT (A) has power of enhancements – ITAT
• Penalty section cannot be subject matter of revisionary jurisdiction under section 263
• Related party transaction u/s 40A(2) shall be treated as bona fide, unless evading tax
• ‘Transfer of property’ not include ‘acquiring’ of property or ‘purchasing’ of property – ITAT
• AO was not justified in questioning cash withdrawals from bank account – ITAT