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CBDT Expands Form 141 for Non-Resident Property TDS Compliance
The CBDT is changing a tax form used for some property purchases.
The change applies when a non-resident seller transfers property to a resident individual or HUF.
A new section called Schedule E will be added to Form 141.
Buyers will need to provide details about the property, buyers and sellers.
They will also report the sale amount, payment dates and tax deducted.
Instalment payments will require information about whether the payment is the first, later or final instalment.
Extra information will be needed when a seller does not have a PAN.
The new rules will begin on October 1, 2026.
Form No. 141 will cover property transfers from non-residents to resident individuals or HUFs.
A new Schedule E will report TDS on immovable-property transfers under section 393(2).
Schedule E requires property, buyer, seller, residency, transaction and payment details.
Transactions involving sellers without PAN require overseas contact, tax-residency and identification information.
The changes will apply from October 1, 2026, under the Income-tax (Fifth Amendment) Rules, 2026.
- Who
- The Central Board of Direct Taxes and buyers involved in covered property transactions.
- What
- Form No. 141 is being expanded to report TDS on property transfers by non-resident sellers, with a new Schedule E.
- Where
- The rules apply to covered immovable-property transactions reported under the Indian income-tax system.
- When
- The changes take effect on October 1, 2026.
- Why
- To simplify and collect detailed TDS compliance information for property purchases from non-residents.
Key facts
- Effective date
- October 1, 2026
- Legal change
- Income-tax (Fifth Amendment) Rules, 2026
- Form
- Form No. 141
- New schedule
- Schedule E
- Covered transaction
- Transfer of immovable property by a non-resident to a resident individual or HUF under section 393(2)
- Reported details
- Property, buyers, sellers, payment, TDS and tax-residency information
- Multiple deductors
- Each deductor must file a separate form
Sources
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