T-FV-4056: Invalid Deductee/Party Code.

Error Code: T-FV-4056

Error Description: Invalid Deductee / Party Code.

Form Type: 26Q, 27Q, 27EQ

Return Type: Regular, Correction

Quarter: All quarters.

Reason(s):

1. You may not have mentioned the value in the 'Deductee / Buyer Code' column.

Ways to solve:

Step:-1 

While preparing the TDS return, if you are getting an error of  Invalid Deductee / Party Code. You have to mention the correct value 01-- For companies / 02-- Other than companies in the 'Deductee / Buyer code Employee/Party in the software/ MS Excel file.

Step:-2

Do a "right click" anywhere in the sheet>>Click on "Reports & Tools">>Then, click on "Pre-validation Tools".

Step:-3

Check the box for "Autofill of deductee code as per the PAN">>Click on "Run selected".

Step:- 4

After clicking Run selected, Completed pre-validation checks will pop up come then click on "OK", & Revalidate the file.

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