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
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
FORM NO. 141
[See rules 218(3) and 219(5)]
Challan-cum-statement of deduction of tax under section 393(1) [Table Sl. No. 2(i), 3(i), 6(ii) and 8(vi)]
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.
FAQS on Form 141 Income Tax Rules 2026 pdf download
1. What is Form No. 141?
Ans: The Form No. 141 is a single unified form introduced to enable reporting and payment of tax deducted at source for specified transactions through multiple dedicated schedules instead of separate forms.
2. Which forms have been merged into the Form No. 141?
Ans: The consolidated Form 141 replaces:
Form 26QB
Form 26QC
Form 26QD
Form 26QE
3. How is reporting for different transactions structured in this form?
Ans: This form contains separate schedules, each corresponding to a specific type of transaction earlier reported through a separate form.
4. Which schedules correspond to which erstwhile forms?
Ans: The mapping is as follows:
Schedule A – Rent payments (earlier Form 26QC)
Schedule B – Purchase of immovable property (earlier Form 26QB)
Schedule C – Payments to resident contractors or professionals (earlier Form 26QD)
Schedule D – Transfer of virtual digital assets (earlier Form 26QE)
5. Is the deductor required to fill all schedules in the consolidated form?
Ans: No. The deductor is required to fill only the relevant schedule applicable to the transaction being reported.
6. Who is required to file the Form No. 141?
Ans: A person (tenant/buyer/payer/buyer of VDA) who is deducting tax at source under the specified provisions of Income-tax Act, 2025 is required to file this form.
7. Is TAN mandatory for filing Form No. 141?
Ans: No. Filing is to be done using PAN of the deductor.
8. How does the deductor select the appropriate schedule?
Ans: The deductor must select the schedule based on the nature of the transaction and the applicable section of the Act.
9. What transactions are to be reported in Schedule A?
Ans: Schedule A is applicable for reporting rent payments under section 393(1) [Table Sl. No. 2(i)] where tax is deducted by person other than specified person.
10. What transactions are to be reported in Schedule B?
Ans: Schedule B is applicable for reporting purchase of immovable property under section 393(1) [Table Sl. No. 3(i)].
11. What transactions are to be reported in Schedule C?
Ans: Schedule C is applicable for reporting payments to resident contractors or professionals under section 393(1) [Table Sl. No. 6(ii)].
12. What transactions are to be reported in Schedule D?
Ans: Schedule D is applicable for reporting transactions involving transfer of virtual digital assets under section 393(1) [Table Sl. No. 8(vi)].
13. Can multiple schedules be used in a single form?
Ans: No. Each Form No. 141 is meant for one transaction type only, and therefore only one schedule may be filled per filing.
14. Is a separate Form No. 141 required for each transaction of same nature?
Ans: No. A single Form No. 141 is sufficient for multiple transactions of same nature having same month of deduction. Transactions with different month of deductions cannot be clubbed in a single form.
15. How should transactions involving multiple sellers or buyers be reported?
Ans: Separate forms are required to be filed for each deductor for its proportionate share, within the relevant schedule. One deductor can report multiple transactions of same nature having same month of deduction. Multiple deductees can be used in the same form, however, in case of more than one deductor, separate forms are required to be filed for each deductor for its proportionate share.
16. What is the due date for filing Form No. 141?
Ans: The due date is within 30 days from the end of the month in which tax is deducted.
17. How is payment of tax made under Form No. 141?
Ans: Payment of tax is made electronically along with submission of the Form No. 141. 18. What happens after payment is made successfully?
Ans: Upon successful payment of tax, a Challan Identification Number (CIN) is generated automatically against particular acknowledgement number linked to the statement.
19. Can the Form No. 141 be revised?
Ans: Yes. A correction statement may be filed to rectify errors in any schedule within two years from the end of the tax year in which such statement is required to be delivered.
20. What happens if deductee PAN is invalid or incorrect?
Ans: In such cases, credit will not be reflected in the deductee’s ATS/ Form 26AS and deductor will be liable to deduct tax at a higher rate, wherever applicable.
21. Is late fees applicable for delayed filing?
Ans: Yes. Late fee under section 427 of Income-tax Act, 2025 shall be levied for delay in filing the form.
Refer Section 427 Income Tax Act 2025 Fee for default in furnishing statements.
22. Is interest applicable for late deduction or payment?
Ans: Yes. Interest under section 398(3)(a) shall apply, as per the Income-tax Act, 2025.
Refer Section 398 Income Tax Act 2025 Consequences of failure to deduct or pay or, collect or pay.
23. Will TDS certificates continue to be issued?
Ans: Yes. Based on the schedule used and upon successful processing, the deductor can download relevant TDS certificate in Form No. 132 from TRACES and issue it to the deductee(s).
24. What are the threshold limits for different nature of payments in Form No. 141?
Ans: Threshold limits prescribed under the respective nature of payments are as under:
| Nature of Payments | Threshold limits |
| On payment of rent | ₹50,000 for a month or part of a month |
| On transfer of immovable property | ₹50 lakh or more |
| On professional / contract / commission / brokerage payments |
₹50 lakh |
| On transfer of VDA | No monetary limit is prescribed |
25. What will be the applicability of Form No. 141?
Ans: The Form No. 141 shall be applicable for the transactions pertaining to Tax Year 2026- 27 onwards.
26. Can an authorised representative file the consolidated form?
Ans: Yes. Filing of original statement may be done through an authorised representative using valid credentials at e-filing portal only.
27. What proof will deductor have after submission of this form?
Ans: The ARN (Acknowledgement Receipt Number) is generated after submission of form and the deductor will also have the facility to download the submitted form.
Guidance Note on Form 141 Income Tax Rules 2026 pdf download
Related Post
Section 393 Income Tax Act 2025 Tax to be deducted at source.
Refer Also TDS return filing online new forms as per income Tax rules 2026 and applicability
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