Unable to validate the exported file (form 24Q), when Q4 (January – March) was selected as the Quarter Period.
Cause: The quarter (Q4) selected is not of the respective financial year.
Let us consider that the current financial year selected is 2020-21. When the system date/current date is the month of April, May or June, we can’t generate the e-returns for the 4th quarter of 2019-20 and validate the same in the File Validation Utility.
Solution: You can generate the TDS returns for the 4th quarter of the previous financial year, by changing the current period of the company.
Gateway of Tally > press Alt+F2 (Period).
Enter 1-04-2019 in the From field and 31-03-2020 in the To field as shown below:
Generate Form 24Q for 2019-2020
Gateway of Tally > Display More Reports > Payroll Statutory Reports > Income Tax > E-24Q.
In the Export screen, select Q4-[January – March].
Press Enter to accept the screen. The exported file is placed in the TallyPrime Directory, which can be validated with the File Validation Utility, downloaded from NSDL website.