Form 141: New TDS Challan-cum-Statement Replacing 26QB, 26QC, 26QD & 26QE
Form 141 is the unified PAN-based challan-cum-statement under the Income-tax Act, 2025 for property, rent, Individual/HUF contractor/professional payments and VDA transactions.
Form 141 is one of the most important procedural changes under the Income-tax Act, 2025.
From Tax Year 2026-27, it consolidates the PAN-based challan-cum-statement system that earlier used separate Forms 26QB, 26QC, 26QD and 26QE.
Which transactions are covered?
Form 141 contains four schedules:
- Schedule A: specified rent paid by Individual/HUF.
- Schedule B: transfer of immovable property.
- Schedule C: specified contractor/professional payments by Individual/HUF.
- Schedule D: transfer of Virtual Digital Assets by the covered Individual/HUF category.
One form, but not one mixed filing
The system is unified, but each Form 141 filing reports one transaction category. Where the deductee category differs, separate forms may also be required under the portal workflow.
What is the due date?
The challan-cum-statement timeline continues to be generally 30 days from the end of the month in which tax is deducted for these covered categories.
Old transactions remain on old forms
If the TDS obligation belongs to AY 2026-27 or an earlier year under the old Act, the old forms continue for those transactions.
Form 141 applies to transactions governed by the Income-tax Act, 2025 from 1 April 2026 onwards.
Why accountants should update SOPs
- Replace old form references in checklists.
- Update client instructions for property/rent transactions.
- Train staff on Schedule A to D selection.
- Use the new Act/table reference in the filing workflow.
- Do not mix old-year corrections with new-year Form 141 filings.
Form 141 simplifies the portal architecture, but correct transaction classification remains essential.