Advance tax - regarding

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Asif Alam (Querist)
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15 December 2015 Dear ALL

Thanks first of all for all previous quick replies.

This time my question is on Advance Tax.

Our organization now in Q3 started deducting TDS on Salary. That is on Q2 we submitted NIL Return. But now "as everyone is aware, since we collected and deposited TDS", we need to submit online return on or before January 2016.

But the thing is that "the collected TDS for October 2015 SALARY; remitted on November 2015 AND the collected TDS for November 2015 SALARY; deposited on December 2015"

Now my question is ON THAT "the collecting TDS for December 2015 SALARY; would be disbursing on 1st January 2016 ONLY"; How is it possible to accommodate in Q3 ? That is Challan (OLTAS) would be dated after January 1st 2016 ONLY.

My final QUESTION is "IS IT POSSIBLE TO INCLUDE THAT "CHALLAN ON OR AFTER JANUARY 1st 2016" IN Q3 "that is to be filed on or before 15th January 2016" ?

We are using Winman Software to UPLOAD / e file RETURNS.

Asif Alam

Asif Alam (Querist)
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18 December 2015 Waiting for an update.

Asif Alam

Asif Alam (Querist)
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18 December 2015 Please update

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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14 July 2024 It seems like you're dealing with the challenge of including TDS payments made in January 2016 for salaries paid in December 2015 within the Advance Tax Quarter 3 (Q3) filing, which is due by 15th January 2016. Let's address your questions:

### Including Challan (OLTAS) Dated After January 1st, 2016 in Q3 Filing:

1. **Timing of TDS Payment and Challan Date**:
- You mentioned that TDS for December 2015 salary will be disbursed on 1st January 2016 and the corresponding challan (OLTAS) will also be dated after January 1st, 2016.
- Typically, for advance tax purposes, the date of deposit (challan date) is crucial in determining the quarter to which it belongs.

2. **Quarterly Reporting and Challan Date**:
- Advance tax payments and TDS payments are reported on a quarterly basis. For Q3 (October-December 2015), payments made in January 2016 would normally pertain to Q4 (January-March 2016).

3. **Accommodating in Q3 Return**:
- Generally, payments made after the end of the quarter (December 2015 in this case) are not included in the quarterly return for that specific period (Q3).
- The TDS payment for December 2015 salary disbursed on 1st January 2016 would logically be included in the Q4 return, which is due by 15th May 2016.

4. **Practical Consideration - Software Handling**:
- Winman Software, like other tax filing software, typically segregates payments based on the challan date. It may not allow you to include TDS payments with a challan date after January 1st, 2016, in the Q3 return.

### Conclusion:

Based on standard tax filing practices and software capabilities:

- **No, it is generally not possible** to include a challan with a January 2016 date in the Q3 return (due by 15th January 2016).
- **You should include the TDS payment for December 2015 salary** with the challan dated January 2016 in the Q4 return (due by 15th May 2016).

To ensure compliance and accurate filing, you should:

- File the Q3 return by 15th January 2016 based on the TDS payments made up to December 2015.
- Prepare to include the TDS payment for December 2015 salary, with the January 2016 challan, in the Q4 return.

If you encounter any specific challenges or if your situation has unique circumstances, consulting with a tax professional or the support team of Winman Software can provide tailored guidance for your organization's specific needs.

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