Form 141, Challan-cum-Statement for TDS by an Individual or HUF, formerly Forms 26QB, 26QC, 26QD and 26QE

Form 141 is the unified challan-cum-statement for tax deducted under Section 393(1) by a payer who is not otherwise set up as a deductor. It replaced four separate forms at once from 1 April 2026: Form 26QB for a property purchase, Form 26QC for rent, Form 26QD for payments to contractors and professionals, and Form 26QE for virtual digital assets. The Income Tax Department publishes it as "Form No. 141 (Earlier Form Nos. 26QB/QC/QD/QE)", which is the string to look for on the portal if you came here from any of the four old numbers.

The design that made Form 26QB workable is what carried forward. A one-off deductor, typically an individual buying a flat or paying rent above the threshold, does not hold a TAN and is not going to file a quarterly return. Form 141 rolls the deduction statement and the tax payment into a single filing, so the deduction is reported and the money reaches the government in one step. That also means these transactions never appear on Form 140: the challan-cum-statement is the whole filing, not a supplement to a quarterly return.

The four old forms became four schedules, each tied to a serial number in the Section 393(1) table. Schedule A is rent paid by an individual or HUF who is not a specified person, Table Sl. No. 2(i), at 2%, with the threshold at ₹50,000 for a month or part of a month and the deduction made in the last month of the tax year or of the tenancy rather than every month; that is old 194-IB. Schedule B is transfer of immovable property other than agricultural land, Table Sl. No. 3(i), at 1% on the higher of the consideration or the stamp duty value, threshold ₹50,00,000, with all transferees and all transferors aggregated so that splitting a purchase across two buyers does not create two thresholds; that is old 194-IA. Schedule C is payment to a contractor or a professional by an individual or HUF who is not otherwise required to deduct, Table Sl. No. 6(ii), at 2% with a ₹50,00,000 threshold; that is old 194M. Schedule D is consideration for the transfer of a virtual digital asset, Table Sl. No. 8(vi), at 1% with no threshold, and it takes precedence over the e-commerce entry at 8(v) where both would otherwise apply; that is old 194S.

Two neighbouring entries in the property block catch people out, and one of them is being propagated by a widely read blog post that is simply wrong. A property purchase is Sl. No. 3(i). Consideration under a joint development agreement referred to in section 67(14) is Sl. No. 3(ii), at 10% with no threshold, and it takes precedence over 3(i) where both would apply. Compensation or enhanced compensation on compulsory acquisition, old 194LA, is Sl. No. 3(iii), at 10% with a ₹5,00,000 threshold. At least one published guide states that old 194-IA is now 3(iii); it is not, and a house purchase filed under 3(iii) has been filed under the compulsory acquisition entry.

Form 141 does not run on the quarterly calendar, which is the habit a reader coming from Form 140 or Form 138 has to break. The tax is paid within 30 days from the end of the month in which the deduction was made, and the statement is furnished within one month from the end of the month of deduction. Once it is filed and the tax deposited, the deductor generates the TDS certificate from TRACES and issues it to the payee. From 1 April 2026 that certificate is Form 132, prescribed under section 395(4), which absorbed Forms 16B, 16C, 16D and 16E in the same four-into-one way Form 141 absorbed the four challan-cum-statements.

The form follows the transaction, not the filing date. Section 393 applies where the credit or the payment falls on or after 1 April 2026, so a property purchase, a rent payment, a contractor payment or a virtual digital asset transfer up to 31 March 2026 was reported on 26QB, 26QC, 26QD or 26QE and stays on that form, including for a correction filed later. As everywhere else in this transition, do not confuse 1 April 2025, which brought Finance Act 2025 threshold changes under the old Income-tax Act, 1961, with 1 April 2026, which brought the Income-tax Act, 2025 and this form.

This page does not print the numeric payment code the challan asks for. Filings under Section 393 use numeric payment codes, published versions of the list disagree with one another, and a wrong code sends the credit somewhere the payee cannot claim it. Read the code off the Department's own utility or the CBDT notification at the moment of filing.