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?
CA Rashmi Gandhi
(Expert)
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.
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