Form 141 to change TDS reporting route for property deals from April 2026

Mint reported that Form 141 is the Income Tax Department’s consolidated reporting format for certain TDS payments under the Income-tax Act, 2025. The form is not a single undivided template. It is split into schedules, so taxpayers select the part that matches the transaction before entering details.

Which schedule applies to property and rent

• Schedule B is meant for TDS reporting on property purchases and takes over the role earlier handled through Form 26QB.
• Schedule A is for rent-related TDS reporting and takes the place of the earlier Form 26QC route.
• Schedule C covers payments made to resident contractors or professionals, replacing the earlier Form 26QD process.
• Schedule D is for reporting transfers of virtual digital assets under Form 141.
• Schedule E will provide reporting for immovable property transactions involving non-residents from 1 October 2026.

The change turns on the timing of payment or credit. Where the relevant payment happens up to 31 March 2026, the old reporting route remains the applicable one. Where payment or credit is dated 1 April 2026 or later, Form 141 becomes the relevant format. In property deals, this date check can matter because booking amounts, instalments, sale agreements and registration may not occur on one date.

How the filing process will work

Mint reported that taxpayers will access Form 141 through the income tax e-filing portal. The route is the e-Pay Tax section, where the taxpayer chooses Form 141 and then selects the relevant schedule. For a property purchase, the form asks for transaction-specific information such as the property type, property address, agreement date and payment details.

Form 141 also combines tax payment with the challan-cum-statement submission step. The filing is PAN-based, and Mint reported that TAN is generally unnecessary for Schedules A to D. For purchases from non-residents, the earlier process used Form 144 through TRACES and required TAN. Under Schedule E, that TAN requirement is removed for those immovable property transactions.

The consolidation does not revise the underlying TDS deduction rules. It changes the reporting channel. After filing, buyers, tenants and other taxpayers generally preserve the challan receipt and filing confirmation, as these records show the tax payment and reporting trail if questions arise later.