Form 140 Income Tax Rules 2026 pdf download and Key points

Last Updated on: April 20, 2026

Form 140 Income Tax Rules 2026 pdf download and Key points

FORM NO. 140
[See rule 219(1)[Table: Sl. No. 3]]
Quarterly statement of deduction of tax under section 397(3)(b) in respect of payments made other than
salary for the quarter ended…………………………(June/September/December/March) ………………. (Tax
Year)]

Under the new Income-tax Rules, 2026, Form No. 140 has been introduced as the primary reporting form for non-salary tax deductions.

Here are all the key points regarding Form No. 140 based on the provided sources:

1. Purpose of the Form Form 140 is the new Non-Salary TDS Return. It is a quarterly TDS statement filed by deductors to report the tax deducted at source on payments other than salary under the Income-tax Act, 2025.

2. Old Equivalent (Replacement) Form 140 officially replaces the old Form 26Q, which was governed by the earlier Income-tax Act, 1961.

3. Applicability and Transition Year Details

Effective Date: The requirement to file Form 140 begins with the new Act from Quarter 1 of Tax Year 2026-27 (i.e., April – June 2026).
Transition Phase: For the preceding quarter (Q4 of FY 2025-26, covering Jan-Mar 2026), deductors will still file the old Form 26Q under the 1961 Act. Form 140 strictly applies to periods starting from April 2026 onwards.

4. Frequency and Due Dates

Form 140 must be filed on a quarterly basis.
For the first quarter (Q1: April – June 2026), the specified due date for filing the TDS return in Form 140 is 31st July 2026.

5. Issuance of Corresponding TDS Certificates (Form 131) Filing Form 140 is a mandatory prerequisite for generating TDS certificates for deductees.

Once Form 140 is successfully furnished, the deductor must issue the TDS certificate in Form No. 131 (which replaces the old Form 16A).
This certificate must be issued to the deductee within 15 days from the due date of furnishing Form 140.
Correspondingly, the due dates for issuing the certificates generated from Form 140 are 15th August (for Q1), 15th November (for Q2), 15th February (for Q3), and 15th June (for Q4).

6. Relevance for Government Deductors For Government Accounts Offices that deposit TDS through book adjustments rather than standard challans, the specific DDO-wise (Drawing and Disbursing Officer) details of transfer vouchers related to Form 140 must be reported in their monthly TDS/TCS Book Adjustment Statement, which is Form No. 137.

Form 140 Income Tax Rules 2026 pdf download

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Form No.140– Frequently Asked Questions

1. What is Form No. 140?
Ans: Form No. 140 is a quarterly statement filed by deductors responsible for deduction of tax at source on non-salary payments such as commission, brokerage, professional fees, rent, etc. made to residents.

2. Who is required to file Form No. 140?
Ans: Every person (company, firm, partnership, government, individual, etc.) responsible for making non-salary payments to a resident on which tax is deductible.

3. Is filing of Form No. 140 mandatory?
Ans: Any deductor who is required to deduct tax on non-salary payments made to residents, must file Form No. 140 for the relevant quarter(s).

4. What is the time limit for filing Form No. 140?
Ans: Form No. 140 is to be filed quarterly:

Quarter	Period	Due Date
Q1	Apr – Jun	31st July of the Financial Year
Q2	Jul – Sep	31st October of the Financial Year
Q3	Oct – Dec	31st January of the Financial Year
Q4	Jan – Mar	31st May of the Financial Year immediately following the Tax Year in which deduction is made

5. Is it mandatory to file Form No. 140 in electronic format?
Ans: Yes. As per the Income-tax Rules, all TDS/TCS statements including Form No. 140 must be furnished electronically in the prescribed format.
6. Can Form No. 140 be edited after submission?
Ans: No. Form No. 140 once submitted, cannot be edited. However, in order to correct or update the details in an already submitted Form No. 140, the deductor is allowed to file a correction statement once the previously submitted statement has been processed by
CPC-TDS.
7. What is the time limit for filing the correction statement?
Ans: Within two years from the end of the tax year in which the statement was required to be delivered. For example, the correction statement in respect of Form No. 140 for the Quarter 2 of Tax Year 2026-27 can be filed upto 31.03.2029.

8. How will deductor know whether the Form No. 140 filed by him has been accepted by the Income-tax Department?
Ans: After filing Form No. 140 on the TRACES portal of Income-tax Department, the deductor receives an Acknowledgment Receipt Number (ARN) on successful submission of the Form.

9. Why filing of Form No. 140 in a timely and accurate manner is important?

Ans: Filing of Form No. 140 in a timely and accurate manner is important as:
 It will ensure that accurate and complete tax credit is passed onto the deductees.
Consequently, it will also eliminate scope for deductee related grievances.
 The deductor would be able to avoid legal challenges associated with noncompliance including late filing fee u/s 427 and penal proceedings u/s 461 and 465(2)(g)

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