Form 140 vs Form 26Q: New TDS Return for Resident Non-Salary Payments
Form 140 replaces Form 26Q for Tax Year 2026-27 resident non-salary TDS reporting. Learn who files it, quarterly due dates and transition points.
For Tax Year 2026-27, Form 140 replaces old Form 26Q for quarterly reporting of TDS on non-salary payments made to residents.
Who files Form 140?
It is relevant to deductors reporting resident non-salary TDS such as contractor payments, professional fees, rent, commission, interest and other covered categories.
Quarterly due dates
| Quarter | Period | Due date |
|---|---|---|
| Q1 | April–June | 31 July |
| Q2 | July–September | 31 October |
| Q3 | October–December | 31 January |
| Q4 | January–March | 31 May |
What happens to old Form 26Q?
Form 26Q does not disappear for history. Statements and corrections relating to periods governed by the old Act continue under the old form framework.
For deductions relating to transactions governed by the new Act from April 2026, Form 140 is used.
Practical transition checklist
- Update TDS return software.
- Map new Section 393 table codes.
- Separate old-law and new-law deductions.
- Reconcile challans before filing.
- Check deductee PAN and entity classification.
Do not choose the form based on the filing date. Choose it based on the period and law governing the underlying deduction.