Archive · 23 Sep 2026
Form 141 Consolidates TDS Reporting Under Income Tax Act 2025
Form 141 is a new online form for reporting certain tax deductions.
TDS is tax taken out when someone makes certain payments.
The person making the payment is called the deductor.
The person receiving the money is called the deductee.
Form 141 combines several older forms into one process.
It can cover rent, property transfers, certain contractor or professional payments, and virtual digital assets.
The form is used for resident deductees and is filed through the e-Filing portal.
The deducted tax and the form must generally be submitted within 30 days after the month when the tax was deducted.
The form will apply from 1 April 2026.
Form 141 is a new challan-cum-statement for TDS on specified transactions.
It replaces Forms 26QB, 26QC, 26QD and 26QE under the Income Tax Act, 1961.
The form covers rent, immovable-property transfers, contractor or professional payments, and virtual digital asset transfers.
It applies to transactions involving resident deductees and must be filed using the deductor’s PAN credentials.
TDS must be deposited and Form 141 furnished within 30 days after the month of deduction.
- Who
- Deductors making specified payments to resident deductees must file Form 141.
- What
- Form 141 is a consolidated challan-cum-statement for reporting and paying TDS on specified transactions.
- When
- It applies from 1 April 2026; payment and filing are due within 30 days after the month of deduction.
- Where
- Taxpayers access and file it through the e-Filing portal.
- Why
- It consolidates TDS payment and reporting requirements previously handled through separate forms.
- Effective date
- Form 141 is applicable from 1 April 2026.
- Earlier forms replaced
- Forms 26QB, 26QC, 26QD and 26QE.
- Covered transactions
- Rent, transfer of immovable property, specified contractor or professional payments, and transfer of virtual digital assets.
- Eligible deductees
- Resident deductees.
- Payment deadline
- Within 30 days from the end of the month in which TDS was deducted.
- Filing access
- e-Filing portal under e-File, e-Pay Tax, Income Tax Act, 2025 and New Payment.
- Multiple deductees
- Multiple deductees may be included when they have the same deductee type and month of deduction.