Form 141 Income Tax Rules 2026 pdf download (Earlier Form 26QB/26QC/26QD/26QD/26QR) under Income Tax Act 2025 read with Income tax Rules 2026
Based on the Income-tax Act, 2025 and the Income Tax Rules, 2026, here are the key points regarding the new Form No. 141:
1. Unified Challan-cum-TDS Statement
Form 141 is introduced as a single, common “Challan-cum-TDS statement” under Income Tax Act 2025 read with Income tax Rules 2026. It effectively merges and replaces four separate transaction-specific forms used under the old Income-tax Act, 1961:
- Form 26QB: TDS on the purchase of immovable property.
- Form 26QC: TDS on rent paid by certain individuals and HUFs.
- Form 26QD: TDS on payments made to contractors and professionals by individuals and HUFs.
- Form 26QE: TDS on the transfer of virtual digital assets (crypto).
2. Applicable Sections under the New Act
According to the new rules, Form 141 must be filed by the person responsible for deducting tax under specific provisions of Section 393(1) of the Income-tax Act, 2025:
- Table Sl. No. 2(i): Rent payments.
- Table Sl. No. 3(i): Payment on the transfer of certain immovable properties (other than agricultural land).
- Table Sl. No. 6(ii): Payments to contractors or fees for professional/technical services by individuals or HUFs.
3. Due Date for Filing and Payment
The due date to deposit the TDS and file the Challan-cum-TDS statement using Form 141 is strictly within 30 days from the end of the month in which the tax deduction was made.
4. Applicability and Transition Rules
- Form 141 is applicable for transactions where the triggering event (the earlier of the payment or credit) occurs on or after April 1, 2026.
- If the event of credit or payment occurred on or before March 31, 2026, the transaction is governed by the old Act, and the deductor must continue to use the old forms (26QB, 26QC, etc.).
5 Download Form 141 PDF as per Income tax Rules 2026
Click Here to download Form 141 PDF as per Income tax Rules 2026
6. Notes for Filing form 141 on Income Tax Portal
Notes:
1. In case of individual, the first, middle and last name shall be provided in full without any abbreviations. In any
other case also, name shall be provided in full.
2. The address shall contain i. Country/Region, ii. Flat/Door/Building, iii. Road/Street/ Block/Sector, iv. PIN/ZIP
Code, v. Post Office, vi. Area/locality, vii. District, viii. State.
3. Tax to be deducted at––
(a) at the rate as per the provision of the Act; or
(b) higher rates where provisions of section 397(2) are applicable; or
(c) at the rate mentioned in the certificate issued under section 395(1) by the Assessing Officer.
4. Details of multiple deductees can be filled in the relevant schedule in the same Form, where the deductees are of
similar status i.e. corporate or non-corporate. However, where deductees are of different status, separate Forms
are to be filed for corporate deductee(s) and non-corporate deductee(s).
5. (i) Select ―Type of Transaction‖ as cash, in case, consideration is wholly in cash or partly in cash and partly in
kind but the part in cash is sufficient to meet the liability of deduction of tax in respect of whole of such transfer.
(ii) Select ―Type of Transaction‖ as in kind/ in exchange of another VDA, in case, consideration is wholly in kind
or partly in cash and partly in kind but the part in cash is not sufficient to meet the liability of deduction of tax in
respect of whole of such transfer.
6. In case of more than one deductor, each deductor has to file separate form.
7. Some of the information in the form would be pre-filled to the extent possible.
8. Amounts to be filled in ₹ unless otherwise provided.
* To be updated automatically.
Refer Also TDS return filing online new forms as per income Tax rules 2026 and applicability
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