What is Form 141?
Form 141 is the challan-cum-statement under the Income-tax Rules, 2026 for paying and reporting the TDS a buyer deducts on a property purchase, and on some rent and other payments. It replaced Form 26QB.
Also called Form No. 141, challan-cum-statement.
Form No. 141 pays the tax and reports the deduction in one step. It covers four kinds of TDS under section 393(1) of the Income-tax Act, 2025:
| Table serial | Payment |
|---|---|
| 2(i) | Rent paid by an individual or HUF |
| 3(i) | Price of immovable property other than agricultural land |
| 6(ii) | Contract work, professional fees or commission paid by an individual or HUF |
| 8(vi) | Price of a virtual digital asset |
The e-filing portal’s manual says it replaces Forms 26QB, 26QC, 26QD and 26QE, with property in Schedule B (formerly 26QB). Where the credit or payment happened on or before 31 March 2026, the old forms still apply; from 1 April 2026, Form 141 does.
Who files it, and how. The buyer deducts the tax and files the form from their own e-filing login, in post-login mode only; no TAN is needed (section 397(1)(c)(i)). It is for resident sellers only. With more than one buyer, the buyers are listed with shares adding up to 100%, and all the sellers are listed with their PANs. The consideration and the stamp duty value are entered in full, not split between sellers.
When. The tax must be paid with Form 141 within 30 days from the end of the month in which it was deducted (rules 218(3) and 219(5)). The buyer then downloads a TDS certificate in Form No. 132 from the portal and gives it to the seller within 15 days of that due date (rule 215).
Worked example (sample figures). A buyer books an ₹80 lakh flat and pays a ₹20 lakh instalment on 12 May 2026.
| Item | Amount or date |
|---|---|
| TDS at 1% (the price is ₹50 lakh or more) | ₹20,000 |
| Paid to the builder | ₹19,80,000 |
| Form 141 and the tax due by | 30 June 2026 |
| Form No. 132 to the builder by | 15 July 2026 |
The rate is 1% of the price or the stamp duty value, whichever is higher. See TDS on property for the full rule, and work out an instalment with the TDS on property calculator.
Sources, read on 9 Nov 2026: e-filing portal: Form 141 user manual, e-filing portal: TDS compliance FAQs, s.393, s.397, rule 218, rule 219 and rule 215.