Form 141 explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
Form 141 combines the challan and the statement for tax deducted by individuals and Hindu undivided families on rent, transfer of immovable property, payments to contractors and professionals, and transfer of a virtual digital asset; from 1 October 2026 it also covers a resident individual or Hindu undivided family buying immovable property from a non-resident. This article describes it as amended by the Income-tax (Fifth Amendment) Rules, 2026 (G.S.R. 830(E)), as per the Income-tax Rules, 2026 (G.S.R. 198(E), notified on 20 March 2026), read with the amending notifications issued up to 22 September 2026. Later notifications should be checked.
Rule 218(3) requires payment of the tax within thirty days from the end of the month of deduction, accompanied by a challan-cum-statement in Form 141, for rent, immovable property, contractor or professional payments and virtual digital assets under section 393(1), and, from 1 October 2026, for consideration for transfer of immovable property under section 393(2) paid by a resident individual or Hindu undivided family. Form 141 has Part A, Part B (Schedules A to E), Part C and Notes 1 to 13. Schedule E applies from 1 October 2026.
The rules and the sections
Rule 218(3) (as amended from 1 October 2026) says that, irrespective of sub-rules (1) and (2), where a sum is deducted under section 393(1) and (2) for rent (section 393(1) ), consideration for transfer of immovable property other than agricultural land (serial number 3(i)), a sum for work under a contract, professional services or commission or brokerage (serial number 6(ii)), consideration for transfer of a virtual digital asset (serial number 8(vi)), or, new clause (e), consideration for transfer of immovable property of the nature in section 393(2) paid by a resident individual or Hindu undivided family, the payment to the credit of the Central Government is made within thirty days from the end of the month of deduction, accompanied by a challan-cum-statement in Form 141. Rule 219(5), as amended, repeats the list for the statement and adds the same clause (e). See our posts on rule 218 and rule 219 for the rules in outline; both were amended by the Fifth Amendment Rules.
The sections are in section 393 on commission, rent and transfer of immovable property and section 393 on payments to non-residents.
For a tenant, a buyer of a flat or plot, or a person paying a contractor, a timely Form 141 matters; our property sale tax advisory team can guide buyers and sellers through the deduction and the certificate.
The heading and Part A
The heading now reads "Challan-cum-statement of deduction of tax under section 393(1) and section 393(2) ", with the reference "". Above Part A are the acknowledgement number, date of e-filing, tax year of transaction and month of deduction (mm/yyyy).
Part A, particulars of the deductor: name, address, Permanent Account Number, e-mail identity, contact number (rows 1 to 5) and row 6, nature of transaction, select one: payment of rent; transfer of immovable property; payment by way of commission, brokerage, fee for professional services or in pursuance of a contract; transfer of virtual digital asset; and, new from 1 October 2026, transfer of any immovable property by a non-resident to a resident individual or Hindu undivided family.
Part B: Schedules A to E
| Schedule | Subject | What it asks |
|---|---|---|
| A | Rent paid by an individual or HUF, section 393(1) | Address and type of property (land, building, both); all tenants, lessees or payers (PAN, name, proportion of rent, totalling hundred per cent); all landlords or payees (PAN, name, contact, e-mail, proportion received, totalling hundred per cent); period of tenancy in the tax year (months); whether tax is deducted at the end of the tax year or of the tenancy; total rent credited or paid in the tax year and in the last month; deductee-wise details in columns A to I (PAN, name, amount on which tax is deductible, tax deducted, date of credit or payment, certificate number under section 395(1) if applicable, rate, date of deduction) |
| B | Transfer of immovable property, section 393(1) | Address and type (land other than agricultural land; building or part of a building); all buyers and all sellers with proportions (each totalling hundred per cent); date of agreement; date of registration if available; total stamp duty value; total sale consideration; lumpsum or instalments, with the previous acknowledgement number and total consideration for a later or last instalment; transaction details in columns A to L (deductee PAN and name, proportionate stamp duty value, amounts paid in previous instalments and now, amount on which tax is deductible, tax deducted, date, certificate number, rate, date of deduction) |
| C | Payment by an individual or HUF to a contractor or professional, | Columns A to M: deductee PAN and name, nature of payment (work in pursuance of a contract; commission or brokerage; fee for professional services), date of contract or agreement, aggregate of payments from 1st April to the end of the month, amount paid or credited, date, amount on which tax is deductible, certificate number, rate, amount of tax and date of deduction |
| D | Transfer of a virtual digital asset, | Type of transaction: cash; or in kind or in exchange of another virtual digital asset (Note 5); columns A to R: deductee, date of transfer, total value of consideration (in cash, in kind, in exchange), amount paid or credited, date, details of tax deposited where payment is in kind or in exchange (amount, BSR code, date, challan serial number), amount on which tax is deductible, certificate number, rate, tax deducted and date |
| E (new from 1 October 2026) | Consideration for transfer of immovable property under section 393(2) | See below |
Schedule E (applicable from 1 October 2026) asks for the address and type of the property (land other than agricultural land; building or part of a building; both); all buyers with PAN, name and proportion; all sellers (deductees) with PAN if available, name, status code (Note 7), contact number, e-mail identity, address in the country or specified territory outside India of which the deductee is a resident, tax residency certificate number, tax identification number and proportion of total sale consideration; date of agreement; date of registration; total stamp duty value; total sale consideration; lumpsum or instalments with the instalment particulars; and transaction details: PAN and name of the seller, whether the seller is opting out of the taxation regime under section 202(1), the type of capital gains (long term as referred to in section 197(1), or short term excluding those in section 196), the proportionate stamp duty value, amounts paid in previous instalments and in the present transaction, date, amount on which tax is deductible, rate, the seller's certificate number under section 395(1) and the buyer's certificate number under section 395(2) if obtained, tax deducted (including surcharge, if applicable, and cess), date of deduction, and the unique acknowledgement number of the corresponding Form 145, if applicable.
Part C and the Notes
Part C: Summary of transactions and details of tax, interest and fee has columns for nature of transaction, section, major head code, minor head code, amount deducted, interest, fee and total payments (each marked to be updated automatically), mode of payment, and the challan identification number (BSR code, date of deposit and challan serial number).
| Note | Content (as now in force) |
|---|---|
| 1 and 2 | Name in full; address elements |
| 3 | Tax to be deducted (a) at the rate in the Act, (b) at a higher rate where section 397(2) applies, or (c) at the rate in the certificate issued under section 395(1) by the Assessing Officer, or under section 395(6) by the prescribed income-tax authority, as the case may be |
| 4 | Multiple deductees of similar status (corporate or non-corporate) can be filled in one Form; deductees of different status need separate Forms |
| 5 | "Cash" where consideration is wholly in cash, or partly in cash with the cash part sufficient to meet the liability of deduction for the whole; "in kind or in exchange of another VDA" otherwise |
| 6 | Contact number, e-mail identity and the address abroad of the non-resident deductee are mandatory whether or not PAN is available; if PAN is not available, columns (H) and (I) of Schedule E are furnished as per rule 217 for ensuring that tax is not deducted at a higher rate |
| 7 | Status codes for Schedule E: 01 company other than domestic company; 02 individual; 03 HUF; 04 AOP except AOP of companies only; 05 AOP of companies only; 06 co-operative society; 07 firm; 08 body of individuals; 09 artificial juridical person; 10 others |
| 8 and 9 | Meaning of tax residency certificate and tax identification number of the deductee in the country of residence (or a unique number if none) |
| 10 | Tax deducted includes surcharge, if applicable, and cess |
| 11 | More than one deductor means a separate Form from each |
| 12 and 13 | Pre-filling; amounts in rupees |
Need help with property and rent TDS?
When a flat is bought, or a house is rented, the buyer or tenant has to deduct, deposit and report on time, and the schedules need the right PANs and proportions. If you would like the numbers checked before the payment month ends, speak to our property sale tax advisory specialists.
Key takeaways
- Form 141 is both challan and statement for four kinds of payment, with a fifth added from 1 October 2026.
- Time limit: thirty days from the end of the month of deduction (rule 218(3)).
- Each schedule has proportions that total hundred per cent for buyers, sellers, tenants and landlords.
- Schedule E needs residency and identification details of a non-resident seller.
- Each deductor files a separate Form.
Read next
- Forms 131, 132 and 133: certificates of tax deducted and collected
- Form 140: quarterly statement of tax deducted on payments other than salary
- Form 145: information for payments to non-residents
- Rule 218: TDS payment due dates
Disclaimer: Based on the Income-tax Rules, 2026 (G.S.R. 198(E), notified on 20 March 2026), read with the amending notifications issued up to 22 September 2026, as consulted on 2 October 2026. It explains the words of the rules and forms only; later notifications, the forms and utilities on the e-filing portal, circulars and the way the tax authorities apply these provisions should be checked. This article is general information, not legal advice; check the official text before acting.