Consequent to the changes effected in the Budget 2023, Certain disclosures based on the choice opted were required to be complied with. In the Form 24Q returns for the Financial Year 2023-24 (Assessment Year 2024-25), these disclosures required some validations in the Form 24Q. Form 24Q is a Quarterly statement that is required to be furnished by the employer. The changes notified relate to the 4th Quarter of FY 2023-24. There are no changes to Q1 to Q3.
In all, there are 4 changes disclosed and are expected to be reflected in the revised Form 24Q to be filed for the last quarter of FY 2023-24. The changes are informational/disclosure-related.
The updated Position Statement can be found on My Oracle Support, Doc ID 2973834.1