Tds
This query is : Resolved
23 October 2017
If any tds of September, deposited through challan in October then in which quarter it will fall? Q2 or Q3?
23 October 2017
It fall in Q2
24 October 2017
Also for one party we deducted tds for May and sept and deposited through a single challan. So now how do we bifurcate a single challan between 2 quarters?
24 October 2017
Also for one party we deducted tds for May and sept and deposited it through a single challan. So how do we bifurcate a single challan between 2 quarters?
24 October 2017
Also for one party we deducted tds for May and sept and deposited it through a single challan. So how do we bifurcate a single challan between 2 quarters?
27 July 2025
Here's how TDS (Tax Deducted at Source) reporting works in India when deductions span different months and quarters, especially when using a **single challan** for multiple deductions:
---
### **1. In which quarter will September TDS (deposited in October) fall?**
✅ **Answer: Q2 (July – September)**
TDS is **reported in the quarter in which it is deducted**, **not deposited**. So even if the TDS deducted in September is deposited in October, it is still part of **Q2**.
---
### **2. What if TDS for May and September is deposited via a single challan? How to report in two quarters?**
This is a common scenario. Here's how to handle it:
✅ **You can allocate a single challan across multiple quarters while filing the TDS return.**
When filing TDS returns (Form 26Q), you specify:
* The **deduction month** (e.g., May and September),
* The **amount deducted for each payee**, and
* Reference the **same challan** for both.
So:
* TDS deducted in **May** (Q1: April–June) will be reported in **Q1 return**.
* TDS deducted in **September** (Q2: July–September) will be reported in **Q2 return**.
* Both can reference the **same challan**, even though deposited in October.
📝 **TRACES (TDS Reconciliation Analysis and Correction Enabling System)** allows the same challan to be used in multiple quarters, as long as the details match and allocations are correct.
---
### ✅ Practical Steps
1. **Identify** amounts deducted in each month.
2. **Divide** the total challan amount accordingly.
3. **File** TDS returns for each quarter, using the same challan number and date, allocating the appropriate portion of the challan to each deduction.
---
### 🔍 Example:
| Month | Deducted | Deposited (Challan in Oct) | Quarter |
| --------- | -------- | -------------------------- | ------- |
| May | ₹5,000 | Via challan dated Oct 10 | Q1 |
| September | ₹7,000 | Via challan dated Oct 10 | Q2 |
While filing returns:
* Q1: ₹5,000 (mention challan dated Oct 10)
* Q2: ₹7,000 (same challan)
---
Let me know if you need help preparing the return or want a template.
---
### **1. In which quarter will September TDS (deposited in October) fall?**
✅ **Answer: Q2 (July – September)**
TDS is **reported in the quarter in which it is deducted**, **not deposited**. So even if the TDS deducted in September is deposited in October, it is still part of **Q2**.
---
### **2. What if TDS for May and September is deposited via a single challan? How to report in two quarters?**
This is a common scenario. Here's how to handle it:
✅ **You can allocate a single challan across multiple quarters while filing the TDS return.**
When filing TDS returns (Form 26Q), you specify:
* The **deduction month** (e.g., May and September),
* The **amount deducted for each payee**, and
* Reference the **same challan** for both.
So:
* TDS deducted in **May** (Q1: April–June) will be reported in **Q1 return**.
* TDS deducted in **September** (Q2: July–September) will be reported in **Q2 return**.
* Both can reference the **same challan**, even though deposited in October.
📝 **TRACES (TDS Reconciliation Analysis and Correction Enabling System)** allows the same challan to be used in multiple quarters, as long as the details match and allocations are correct.
---
### ✅ Practical Steps
1. **Identify** amounts deducted in each month.
2. **Divide** the total challan amount accordingly.
3. **File** TDS returns for each quarter, using the same challan number and date, allocating the appropriate portion of the challan to each deduction.
---
### 🔍 Example:
| Month | Deducted | Deposited (Challan in Oct) | Quarter |
| --------- | -------- | -------------------------- | ------- |
| May | ₹5,000 | Via challan dated Oct 10 | Q1 |
| September | ₹7,000 | Via challan dated Oct 10 | Q2 |
While filing returns:
* Q1: ₹5,000 (mention challan dated Oct 10)
* Q2: ₹7,000 (same challan)
---
Let me know if you need help preparing the return or want a template.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
