Form No. 141, introduced under Section 393(1) of the Income-tax Act, 2025, is a consolidated challan-cum-statement replacing Forms 26QB, 26QC, 26QD, and 26QE. It enables reporting and payment of TDS for specified transactions such as rent, purchase of immovable property, payments to contractors or professionals, and transfer of virtual digital assets through dedicated schedules (A to D). The form is PAN-based and must be filed electronically within 30 days from the end of the month in which tax is deducted, along with payment of TDS. Only one schedule is applicable per filing, though multiple transactions of the same nature and month can be included. Corrections can be made within two years, and late fees and interest apply for delays. Upon processing, TDS certificates in Form 132 can be issued. The unified structure simplifies compliance, improves reporting efficiency, and ensures accurate credit reflection for deductees.
Income Tax Department
Ministry of Finance, Government of India
FAQs on Income Tax Form No. 141 (Earlier Form Nos. 26QB/QC/QD/QE): Challan-cum-statement of deduction of tax under section 393(1)
Challan-cum-Statement of deduction of tax under section 393(1) [Table: Sl. No. 2(i), 3(i), 6(ii) & 8(vi)] of the Income-tax Act, 2025
| Name of form as per Income Tax Rules, 1962 | 26QB. 26QC, 26QD & 26QE | Name of form as per Income Tax Rules, 2026 | 141 |
| Corresponding Section of Income Tax Act, 1961 | 194-IA, 194-IB, 194M & 194S | Corresponding section of Income Tax Act, 2025 | 393(1) [Table: Sl. Nos. 2(i), 3(i), 6(ii) & 8(vi)] |
| Corresponding Rule of Income Tax Rules, 1962 | 30 & 31A | Corresponding Rule of Income Tax Rules, 2026 | 218 & 219 |
Q.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.
Q.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
Q.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.
Q.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)
Q.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.
Q.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.
Q.7 Is TAN mandatory for filing Form No. 141?
Ans: Filing is to be done using PAN of the deductor.
Q.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.
Q.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.
Q.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)].
Q.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)].
Q.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)].
Q.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.
Q.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.
Q.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.
Q.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.
Q.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.
Q.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.
Q.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.
Q.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.
Q.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.
Q.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.
Q.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).
Q.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 |
Q.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 202627 onwards.
Q.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.
Q.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 Income Tax Form No. 141 (Earlier Form Nos. 26QB/QC/QD/QE): Challan-cum-statement of deduction of tax under section 393(1)
Form No. 141: Challan-cum-Statement of deduction of tax under section 393(1) [Table: Sl. Nos. 2(i), 3(i), 6(ii) & 8(vi)] [erstwhile PAN based challan-cum-statement in Form nos. 26QB, 26QC, 26QD & 26QE, now combined together into a single form]:
| Name of form as per Income Tax Rules, 1962 | 26QB, 26QC, 26QD & 26QE |
Name of form as per Income Tax Rules, 2026 | 141 |
| Corresponding Section of Income Tax Act, 1961 | 194-IA, 194-IB, 194M & 194S | Corresponding section of Income Tax Act, 2025 | 393(1) [Table: Sl. Nos. 2(i), 3(i), 6(ii) & 8(vi)] |
| Corresponding Rule of Income Tax Rules, 1962 | 30 & 31A | Corresponding Rule of Income Tax Rules, 2026 | 218 & 219 |
Purpose:
Form No. 141 is a PAN based challan-cum-statement for reporting and depositing TDS deducted under the following sections:
| Sl. No. | Schedule | Applicable Section |
Nature of Transaction |
| 1. | A | 393(1) [Table Sl. No. 2(i)] |
TDS on payment of rent > ₹50,000 per month |
| 2. | B | 393(1) [Table Sl. No. 3(i)] |
TDS on transfer of immovable property (₹50 lakh or more) |
| 3. | C | 393(1) [Table Sl. No. 6(ii)] |
TDS on professional / contract / commission /brokerage payments > ₹50 lakh (by individuals/HUFs not liable to audit) |
| 4. | D | 393(1) [Table Sl. No. 8(vi)] |
TDS on transfer of Virtual Digital Assets(cryptos/NFTs) |
Challan-cum-Statement of TDS is governed by Rules 218 & 219 of the Income-tax Rules, 2026.
Who should file:
Depending on the nature of transaction, the following schedules of the form 141 needs to be filled up by the respective deductors:
- Schedule A – Any person being an individual or a HUF responsible for paying to a resident transferor any income by way of rent exceeding Rs. 50,000 for a month or part of the month during previous year is required to deduct income-tax at the rate prescribed in section 393(1) [Table Sl. No. 2(i)]. Such person is required to file Schedule A of the Form No. 141 as a statement of deduction of tax.
- Schedule B – Any person being a transferee responsible for paying to a resident transferor any sum by way of consideration for transfer of any immovable property (other than agricultural land) is required to deduct income-tax at the rate prescribed in section 393(1) [Table Sl. No. 3(i)], at the time of credit of such sum to the account of transferor or at the time of payment of such sum. Such person is required to file Schedule B of the Form No. 141 as a statement of deduction of tax.
- Schedule C – Any person (being an individual or HUF, not required to deduct TDS under any other provision of the Income-tax Act) responsible for paying to a resident any sum for:
> Carrying out any work (including supply of labour) under a contract, or
> Commission (other than insurance commission referred in section 194D), or
> Brokerage, or
> Fees for professional services,
where the aggregate of such sum paid or credited during a financial year exceeds ₹50 lakh, is required to deduct tax at source u/s 393(1) [Table Sl. No. 6(ii)] at the prescribed rate. Such person is required to file Schedule C of the Form No. 141 as a statement of deduction of tax.
-
- Schedule D – Any person responsible for paying consideration to a resident transferor for the transfer of a Virtual Digital Asset (VDA) is required to deduct tax at source at the rate prescribed in section 393(1) [Table Sl. No. 8(vi)].
> Specified persons (individuals/HUFs with turnover below ₹1 crore for business or ₹50 lakh for profession in the preceding FY, or not having income from business/profession) are also covered.
> Applicable where the value of consideration for VDA transfer exceeds the monetary threshold prescribed under section 393(1) [Table Sl. No. 8(vi)].
Such person is required to file Schedule D of the Form No. 141 as a statement of deduction of tax.
Frequency & Due Dates:
Every person responsible for deduction of tax under section 393(1) [Table: Sl. Nos. 2(i), 3(i), 6(ii) & 8(vi)] of the Income-tax Act, 2025 shall furnish to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems) a challan-cum-statement in Form No. 141 electronically within 30 days from the end of the month in which the deduction is made.
Structure of Form No. 141:
1. Part A: Particulars of the deductor – Name, Address, PAN, Contact Details and Nature of Transaction (i.e. Payment of Rent, Transfer of immovable Property, Payment by way of commission/brokerage or fee for professional services or payment in pursuance of a contract and Transfer of Virtual Digital Asset)
2. Part B: Transaction Details:
Schedule A: TDS on rent paid by Individual/HUF
Schedule B: TDS on transfer of immovable property
Schedule C: TDS on payment made by Individual/HUF to contractor/ professional.
Schedule D: TDS on payment made by Individual/HUF on transfer of Virtual Digital Assets
3. Summary of Transaction & Details of Tax, Interest & Fee
4. Declaration
Documents/details required to file the Form No. 141:
- PAN details of deductors and deductees
- Address, mobile number, and email ID of both parties
- Transaction-specific details (Details of payment made/credited):
- Rent amount/date (Schedule A)
- Property value/date (Schedule B)
- Nature of service & amount (Schedule C)
- Type of VDA, Date of transfer, Consideration value, Mode of transfer/payment (Schedule D)
Filing Count:
On average, the below mentioned number of Original Forms have been filed annually over the last five years.
| Sl. No. | Form | Filing Count |
| 1. | 26QB | 16-17 lakhs |
| 2. | 26QC | 80–85 thousand |
| 3. | 26QD | 6 thousand |
| 4. | 26QE | 4–5 thousand |
Process flow of filing Form No. 141:
1. Login to the Income-tax e-Filing Portal using PAN
2. Go to ‘e-Pay Tax’
3. Select the relevant Schedule of the Form
4. Fill Details
- Details of Deductor & Deductee: PAN, Addresses, Contact No., Email ID.
- Transaction details (Rent/Immovable Property/Service/VDA)
- TDS Rate, Date of Deduction, Tax Amount
Payment & Submission
- Make online TDS payment
- Submit the Form
- Download the challan-cum-statement
Outcome of Processed Form No. 141:
For Deductor (Buyer/Tenant/Payer)
- Form may be processed with or without defaults
- In case the statement is processed with defaults (such as short payment, late payment interest, or late filing fee), the deductor is required to make payment of the default amount and, if necessary, file a correction statement through TRACES.
- Upon successful processing, the deductor can download TDS certificate in Form No. 132 from TRACES and issue it to the deductee(s)
- Certificate must be issued within 15 days from due date of filing the Form No. 141.
For Deductee (Landlord /Seller/Service Provider/VDA Transferor)
- Once Form No. 141 gets processed, the TDS amount reflects in the deductee’s Form No. 168 (AIS).
- Deductee uses this credit while filing Income-tax Return.
Brief note on qualitative changes made:
| Sl. No. | Schedule | Qualitative changes |
| 1. | A | Details of all landlords and tenants involved must be reported, along with their respective share percentages in the rent or Rental Proceeds.
Further, each tenant is not required to file a separate Form for every landlord. Instead: > If there are multiple resident landlords who share the same status (i.e., all are either companies or all are non-companies), the tenant (deductor) needs to file only one Form that collectively includes all such parties for that particular property. > However, if the landlords have different statuses — for example, where some are companies and others are non-companies — the tenant must file separate Forms: √ one Form for the company payees, and √ another Form for the non-company payees. |
| 2. | B | Details of all buyers and sellers involved must be reported, along with their respective share percentages in the property.
Further, each buyer is not required to file a separate Form for every seller. Instead: > If there are multiple resident sellers who share the same status (i.e., all are either companies or all are non-companies), the buyer (deductor) needs to file only one Form that collectively includes all such parties for that particular property transaction. > However, if the sellers have different statuses — for example, where some are companies and others are non-companies — the buyer must file separate Forms: √ one Form for the company deductees, and √ another Form for the non-company deductees. |
| 3. | C | Current Process:
Currently, if a deductor makes multiple payments during a particular month to different deductees — whether for contract work, professional services, or commission/brokerage — the deductor must file a separate Form 26QD for each deductee for that month. Changes made: Under the revised version, for a particular month and for a specific nature of payment (i.e., contract, professional services, or commission/brokerage), if there are multiple deductees having the same status (i.e., all are either companies or all are non-companies), the deductor will be required to file only one Form covering all such deductees collectively. However, if the deductees have different statuses (some being companies and others non-companies), the deductor will be required to file separate Forms for each nature of payment made during that month. √ one Form for the company deductees, and √ another Form for the non-company deductees |
| 4. | D | Under the revised version, if there are multiple sellers or transferors of VDAs having the same status (i.e., all are either companies or all are non-companies), the deductor will be required to file only one Form covering all such deductees collectively for that particular transaction or settlement period.
However, if the sellers/transferors have different statuses (some being companies and others non-companies), the deductor will be required to file separate Forms: √ one Form for the company deductees, and √ another Form for the non-company deductees |
The revised combined form will be a smart one with
- Prefilled details
- Smart validations
- Consolidated filings for same-status parties
- Clear explanatory notes and instructions to guide users in filing the form accurately
- Easy correction mechanisms
- Uniformity across forms
- Check box based smart verification
- Standardization of name & address fields etc.
Common Changes made across Forms:
1. To make Forms system-friendly and enable e-filing and uploading, certain anomalies found due to grouping of Name, Designation, Address and PAN have been separated into different boxes.
2. Assessment / Financial / Previous year or years have been replaced with Tax year or years, wherever appearing in the Form/Annexure.
3. Changes in Sections, Clauses and Schedules have been aligned as per the Income-tax Act, 2025.
4. Currency symbol “Rs.” has been replaced with “₹”.
