ABOUT THIS FORM
Form 141 is the unified challan-cum-TDS statement introduced under Section 393(1) of the Income Tax Act, 2025, read with Income Tax Rules, 2026. The Income Tax Department of India issues it. It replaces four separate forms – 26QB, 26QC, 26QD, and 26QE – into one consolidated filing. If your transaction involves property purchase, rent, contractor payments, or Virtual Digital Assets on or after 1 April 2026, Form 141 is what you file – not the old forms.
WHO CAN USE THIS FORM
Eligible to file:
- Individual or HUF buying immovable property (other than agricultural land) from a resident seller where the total sale consideration is Rs 50 lakh or more
- Individual or HUF paying rent where TDS applies under Section 393(1) Table Sl. No. 2(i)
- Individual or HUF making payments to contractors or professionals where TDS applies under Section 393(1) Table Sl. No. 6(ii)
- Individual or HUF deducting TDS on transfer of Virtual Digital Assets under Section 393(1) Table Sl. No. 8(vi)
- PAN must be active on the e-Filing portal before filing
Not eligible:
- Companies and firms for property TDS – they file quarterly TDS returns under separate provisions
- Non-residents purchasing property in India – different provisions apply
- Buyers of agricultural land – TDS does not apply; this form is not used
- Transactions where credit or payment occurred on or before 31 March 2026 – old forms still apply for those
WHAT THIS FORM IS USED FOR
Form 141 covers four schedules. You file only the one that matches your transaction:
Schedule A: TDS on rent paid by an individual or HUF (replaces Form 26QC)
Schedule B: TDS on sale or transfer of immovable property other than agricultural land (replaces Form 26QB)
Schedule C: TDS on payments to contractors or professionals by individuals or HUFs (replaces Form 26QD)
Schedule D: TDS on transfer of Virtual Digital Assets, including cryptocurrency (replaces Form 26QE)
One Form 141 covers only one schedule. File separate forms for separate transaction types.
DOCUMENTS REQUIRED
- PAN of the buyer or deductor (must be active and linked with Aadhaar for individuals)
- PAN of the seller or deductee – all sellers if joint ownership
- Complete address of the property, rented premises, or asset involved
- Stamp duty value of the property as assessed by the state authority (for Schedule B)
- Lower or nil deduction certificate number under Section 395(1) – only if the deductee holds one
KEY FACTS:
Issuing Authority: Income Tax Department, Government of India
Applicable Act: Income Tax Act, 2025
Applicable Rule: Income Tax Rules, 2026
Section: 393(1) – Table Sl. No. 3(i) for property, 2(i) for rent, 6(ii) for contractors, 8(vi) for VDA
Replaces: Form 26QB, Form 26QC, Form 26QD, Form 26QE
TDS Rate for Property: 1% of the sale consideration
Property Threshold: Total value Rs 50 lakh or more across all buyers and sellers
Filing Deadline: Within 30 days from the end of the month in which the deduction was made
TDS Certificate Issued: Form 132 – to be given to seller within 15 days from filing deadline
Where to File: Online only at incometax.gov.in under e-File, e-Pay Tax, New Payment
Applicable From: 1 April 2026
This is an official form issued by the Income Tax Department, Government of India.
Source: incometax.gov.in
Use the download button below to get the official PDF.
Need help filling every field of Form 141? Read the complete step-by-step guide for Form 141 here.
RELATED FORMS
Form 121 – Self-Declaration to Prevent TDS on Interest and Other Eligible Income
If you are the seller and your total income falls below the taxable limit, submit this to your bank to stop TDS on interest income received after the property sale.
Form 26QB – Old TDS Form for Property Purchase (Pre-April 2026)
Still applies if payment or credit to the seller occurred on or before 31 March 2026. Do not use Form 141 for those transactions.