1. Implementing Payroll for India
  2. Form24Q Corrections Report for India

Form24Q Corrections Report for India

You can now generate the Form 24Q corrections report if there any changes for the attributes reported in the regular form 24Q of Q1, Q2 and Q3.

Use the flow Run India Form24Q Correction to generate the corrections report.

You need to maintain baselines for every quarter - financial year combination. Each quarter - financial year combination can have only 1 baseline. Running the baseline for a different legal entity - tax reporting unit (LE-TRU) combination overrides the previous baseline for the same quarter - financial year combination for a different LE - TRU combination. Hence, you need not enter the parameters legal employer and tax reporting unit.

The flow Run India Form24Q Correction generates the corrections report for all LE-TRU combinations and for all TRUs. You can generate reports for previous 8 quarters at any given time.

Generate Form 24Q Correction report

  1. From the home page, navigate to My Client Groups > Payroll > Submit a Flow.

  2. Select the legislative data group.

  3. Run the regular Run India Form24Q for all LE-TRU combinations.

  4. To baseline the data, select Run India Form24Q Correction to run a baseline flow.

    1. Set the Baseline Only parameter as Yes.

    2. Set the Changes Only parameter to blank during this run.

    3. Submit the Run India Form24Q Correction. This will not generate any output file.

  5. Make the required changes in the attributes.

  6. To run a corrections flow, select Run India Form24Q Correction.

    1. In Payroll Flow, enter the name for the Form 24Q correction report to be generated.

    2. Set the Baseline Only parameter as blank.

    3. Set the Changes Only parameter to Changed, marked attributes, previous data under threading groupYes.

    4. Submit the flow Run India Form24Q Correction to generates the 24Q corrections report in an excel spreadsheet format with the required changes.

Example Sequence for Correction Flows

Here's a sample sequence on when to run the correction flow:

  • Run India Form24Q (LE1, TRU1 for Q1 2023-2024)

  • Run India Form24Q (LE1, TRU2 for Q1 2023-2024)

  • Run India Form24Q Correction (Baseline = Yes for Q1 2023-2024)

If there are any corrections done:

  • Run India Form24Q Correction with Changes only parameter for Q1, 2023-2024

This correction run can be submitted at any point, until you run Run India Form24Q Correction with Baseline as Yes for Q1, 2025-2026.