{"id":31777,"date":"2026-04-26T01:54:28","date_gmt":"2026-04-25T20:24:28","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=31777"},"modified":"2026-04-26T02:00:38","modified_gmt":"2026-04-25T20:30:38","slug":"form-141","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/form-141\/","title":{"rendered":"TDS on Purchase of Immovable Property \u2013 Filing of Form 141"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ed4a7a85293\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ed4a7a85293\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/form-141\/#TDS_on_Purchase_of_Immovable_Property_%E2%80%93_Filing_Impact_of_Form_141\" title=\"TDS on Purchase of Immovable Property \u2013 Filing Impact of Form 141\">TDS on Purchase of Immovable Property \u2013 Filing Impact of Form 141<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Key_Takeaways_Summary_Income_Tax_New_Form_141\" title=\"Key Takeaways &amp; Summary: Income Tax New Form 141\">Key Takeaways &amp; Summary: Income Tax New Form 141<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Summary_New_Form_141_%E2%80%93_TDS_New_Rule_Explained_2026\" title=\"Summary New Form 141 \u2013 TDS New Rule Explained (2026)\">Summary New Form 141 \u2013 TDS New Rule Explained (2026)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Nature_of_Payment_Does_the_transaction_fall_under_any_of_these_categories\" title=\"Nature of Payment: Does the transaction fall under any of these categories\">Nature of Payment: Does the transaction fall under any of these categories<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Conceptual_Shift_Behind_New_Form_141\" title=\"Conceptual Shift Behind New Form 141: \">Conceptual Shift Behind New Form 141: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Clarification_on_%E2%80%9CBuyer%E2%80%91Wise_Scaling%E2%80%9D_under_Form_141_Effective_1_April_2026\" title=\"Clarification on \u201cBuyer\u2011Wise Scaling\u201d under Form 141 (Effective 1 April 2026)\">Clarification on \u201cBuyer\u2011Wise Scaling\u201d under Form 141 (Effective 1 April 2026)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Concept_Summary_Comparison_Form_26QB_Vs_New_Form_141_Based_on_No_of_Buyers_Sellers\" title=\"Concept Summary &amp; Comparison: Form 26QB Vs New Form 141 Based on No. of Buyers &amp; Sellers.\">Concept Summary &amp; Comparison: Form 26QB Vs New Form 141 Based on No. of Buyers &amp; Sellers.<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Earlier_Form_26QB\" title=\"Earlier (Form 26QB):\">Earlier (Form 26QB):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Now_Form_141\" title=\"Now (Form 141): \">Now (Form 141): <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Before_vs_After_%E2%80%93_Simple_Illustration\" title=\"Before vs After \u2013 Simple Illustration\">Before vs After \u2013 Simple Illustration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/form-141\/#Compliance_Risks_and_Comparison_of_Form_26QB_Vs_New_Form_141\" title=\"Compliance Risks and Comparison of Form 26QB Vs New Form 141\">Compliance Risks and Comparison of Form 26QB Vs New Form 141<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-31782\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/04\/TDS-on-Purchase-of-Immovable-Property-1.jpg\" alt=\"TDS on Purchase of Immovable Property\" width=\"1045\" height=\"1454\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/04\/TDS-on-Purchase-of-Immovable-Property-1.jpg 623w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/04\/TDS-on-Purchase-of-Immovable-Property-1-216x300.jpg 216w\" sizes=\"(max-width: 1045px) 100vw, 1045px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"TDS_on_Purchase_of_Immovable_Property_%E2%80%93_Filing_Impact_of_Form_141\"><\/span><span style=\"color: #000080;\"><strong>TDS on Purchase of Immovable Property \u2013 Filing Impact of Form 141<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The CBDT introduced a new form, 141, under the Income\u2011Tax Act, effective 1 April 2026. The essence is consolidation and simplification of <em>Tax Deducted at Source<\/em>\u00a0compliance for individuals and Hindu Undivided Family. Income Tax\u00a0 From 141 streamlines <em>Tax Deducted at Source<\/em>\u00a0reporting without changing rates fewer forms, clearer schedules, and the same timelines.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Key_Takeaways_Summary_Income_Tax_New_Form_141\"><\/span><span style=\"color: #000080;\">Key Takeaways &amp; Summary: Income Tax New Form 141<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Form 141 <em>Tax Deducted at Source<\/em>\u00a0Rule 2026: Income Tax New Form 141, effective 1 April 2026, introduces a single, unified challan\u2011cum\u2011statement for TDS compliance by individuals and Hindu Undivided Family not subject to tax audits. It replaces Forms 26QB, 26QC, 26QD, and 26QE, covering <em>Tax Deducted at Source<\/em>\u00a0on property purchases, rent, contractor\/professional payments, and digital assets. The new form simplifies reporting and payment, reduces errors, and streamlines compliance, while retaining the 30\u2011day filing timeline from the end of the month of deduction.<\/li>\n<li>A single buyer can file one Income Tax New Form 141 per month per category, but seller\u2011wise (deductee\u2011wise) details must still be reported separately within that form. Refined and Accurate Rule of Thumb (Property Transactions \u2013 Section 194\u2011IA equivalent). One new income tax form 141, per buyer per month per category (property). Multiple sellers can be included as separate deductee rows. Each seller entry must independently capture the Permanent Account Number\u00a0of the seller, amount paid or credited, and <em>Tax Deducted at Source<\/em>\u00a0deducted.<\/li>\n<li>Form 141, &#8220;Single unified form,&#8221; \u2260 One filing income tax New Form 141 for everything. While Income Tax New Form 141 is a common format, filing is still category specific (property \/ rent \/ professional \/ VDA). Month-specific So effectively, one income tax new form 141 per category per month per deductor (buyer\/payer).<\/li>\n<li>The simplification is more about structural unification (same schema across sections) , reduced number of forms and system-driven validation. But compliance has actually become more data-sensitive and closer to TDS return logic (like 26Q\/24Q).<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Summary_New_Form_141_%E2%80%93_TDS_New_Rule_Explained_2026\"><\/span><span style=\"color: #000080;\"><strong>Summary New Form 141 \u2013 TDS New Rule Explained (2026)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-31778\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/04\/141.-.png\" alt=\"New Form 141\" width=\"1027\" height=\"964\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/04\/141.-.png 487w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/04\/141.--300x282.png 300w\" sizes=\"(max-width: 1027px) 100vw, 1027px\" \/><\/p>\n<ul>\n<li>New Form 141 replaces multiple forms (26QB, 26QC, 26QD, 26QE) with a single unified challan\u2011cum\u2011statement.<\/li>\n<li>One filing instead of two (payment + statement combined), reducing duplication.<\/li>\n<li>Applicable from FY 2026\u201127 (effective 1 April 2026).<\/li>\n<li>Who it applies to: Individuals\/Hindu Undivided Families not liable to tax audit; no Tax Deduction and Collection Account Number required (existing position continues).<\/li>\n<li>Coverage in one form: Property, rent, professional\/contract payments, and crypto via Schedules A\u2013D.<\/li>\n<li>Due date unchanged: 30 days from month\u2011end of deduction.<\/li>\n<li><em>Tax Deducted at Source<\/em>\u00a0rates unchanged (e.g., 1% \/ 5%); only the format\/process has changed.<\/li>\n<li>New certificate system: Form 132 replaces earlier 16B\/16C\/16D\/16E.<\/li>\n<li>Deductee Reporting Still Granular: Even though form is consolidated Each seller\/payee (deductee) must be reported separately;\u00a0Permanent Account Number wise breakup is mandatory. Allocation of amount &amp; <em>Tax Deducted at Source<\/em>\u00a0must be accurate. This is critical in joint property deals, multiple landlords, and split payments.<\/li>\n<li>Payment + Statement Integration: Like earlier forms, New Form 141 continues to be a challan-cum-statement, and payment and reporting happen together, not separately.<\/li>\n<li>Filling of New form 141 but Risk Higher, Yes, timeline remains 30 days from end of month of deduction But now errors impact the entire consolidated filing, and the correction mechanism may be more structured (expected alignment with TRACES 2.0).<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Nature_of_Payment_Does_the_transaction_fall_under_any_of_these_categories\"><\/span><span style=\"color: #000080;\"><strong>Nature of Payment: Does the transaction fall under any of these categories<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 679px;\" width=\"917\">\n<thead>\n<tr>\n<td colspan=\"2\"><strong>Category<\/strong><\/td>\n<td><strong>Nature of Payment<\/strong><\/td>\n<td colspan=\"3\"><strong>Earlier Section<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td colspan=\"2\">Property Purchase<\/td>\n<td>Immovable property<\/td>\n<td colspan=\"3\">194-IA<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">Rent<\/td>\n<td>Rent &gt; threshold<\/td>\n<td colspan=\"3\">194-IB<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\u00a0Professional \/ Contractor<\/td>\n<td>Specified payments<\/td>\n<td colspan=\"3\">194M<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\u00a0Virtual Digital Assets<\/td>\n<td>Crypto \/ digital assets<\/td>\n<td colspan=\"3\">194S<\/td>\n<\/tr>\n<\/tbody>\n<thead>\n<tr>\n<td><strong>Transaction<\/strong><\/td>\n<td colspan=\"3\"><strong>Trigger<\/strong><\/td>\n<td><strong>Action<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Property<\/td>\n<td colspan=\"3\">\u2265 INR 50 lakh<\/td>\n<td>Form 141<\/td>\n<\/tr>\n<tr>\n<td>Rent<\/td>\n<td colspan=\"3\">&gt; INR 50K\/month<\/td>\n<td>Form 141<\/td>\n<\/tr>\n<tr>\n<td>Professional\/Contract<\/td>\n<td colspan=\"3\">&gt; INR 50L (aggregate)<\/td>\n<td>Form 141<\/td>\n<\/tr>\n<tr>\n<td>VDA<\/td>\n<td colspan=\"3\">As per limit<\/td>\n<td>Form 141<\/td>\n<\/tr>\n<tr>\n<td width=\"301\"><\/td>\n<td width=\"2\"><\/td>\n<td width=\"257\"><\/td>\n<td width=\"2\"><\/td>\n<td width=\"169\"><\/td>\n<td width=\"3\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Conceptual_Shift_Behind_New_Form_141\"><\/span><span style=\"color: #000080;\"><strong>Conceptual Shift Behind New Form 141: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Form 141 is not merely a simplification exercise. It represents a transition toward a return\u2011based, permanent account number\u2011reconciled ecosystem that aligns reporting with AIS and pre\u2011filled ITR systems, encourages permanent account number\u2011level traceability, reduces fragmentation of filings, and increases accountability at the source, not just at the payment stage. Effective Date: Applicable from 1 April 2026.<\/p>\n<p>New Form 141 reduces the number of filings by allowing buyer\u2011level consolidation, but seller\u2011level reporting remains mandatory and simplified compliance with enhanced accountability.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Clarification_on_%E2%80%9CBuyer%E2%80%91Wise_Scaling%E2%80%9D_under_Form_141_Effective_1_April_2026\"><\/span><span style=\"color: #000080;\"><strong>Clarification on \u201cBuyer\u2011Wise Scaling\u201d under Form 141 (Effective 1 April 2026)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-31780\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/04\/1776167532664-1.jpeg\" alt=\"New Form 141\" width=\"1045\" height=\"764\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/04\/1776167532664-1.jpeg 517w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/04\/1776167532664-1-300x219.jpeg 300w\" sizes=\"(max-width: 1045px) 100vw, 1045px\" \/><\/p>\n<p>The statement <em>\u201cfilings now scale buyer\u2011wise rather than buyer\u2013seller combinations\u201d<\/em> is directionally correct but requires qualification. Position under the Earlier Regime (Form 26QB). A separate filing was required for each buyer\u2013seller combination, and this resulted in a multiplicative compliance burden (buyers \u00d7 sellers). Under Form 141, consolidation is allowed only within the same transaction category and same month. However, this does NOT mean complete buyer-wise consolidation irrespective of sellers. Instead:<\/p>\n<ul>\n<li>A single buyer can file one Form 141 per month per category, but all seller-wise details (deductees) must still be captured distinctly within that form.<\/li>\n<li>So practically: Reduction in number of forms \u2192 Yes and Elimination of seller-level reporting \u2192 No<\/li>\n<li>Refined Rule-of-Thumb (More Accurate) : For property transactions (<em>Tax Deducted at Source<\/em> u\/s 194-IA equivalent structure in new law):<\/li>\n<li>Form 141 per buyer per month per category (property): Multiple sellers can be included as separate deductee rows : Each deductee entry must include\u00a0Permanent Account Number, Amount paid\/credited and <em>Tax Deducted at Source<\/em><\/li>\n<\/ul>\n<p>Position under Form 141 : Consolidation is permitted only within the same transaction category (e.g., property), and the same month of deduction. Complete seller\u2011agnostic consolidation is not permitted. What Actually Changes<\/p>\n<ul>\n<li>Reduction in number of forms \u2013 Yes<\/li>\n<li>Elimination of seller\u2011level reporting \u2013 No<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Concept_Summary_Comparison_Form_26QB_Vs_New_Form_141_Based_on_No_of_Buyers_Sellers\"><\/span><span style=\"color: #000080;\"><strong>Concept Summary &amp; Comparison: Form 26QB Vs New Form 141 Based on No. of Buyers &amp; Sellers.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Filings now scale with the number of buyers, not buyer\u2013seller combinations. This significantly reduces the compliance burden in transactions involving multiple sellers. However, accuracy of buyer details remains critical, as errors can still trigger notices or mismatches.<\/p>\n<p>File Form 141 monthly, category-wise, with precise Permanent Account Number level reporting fewer forms, but zero tolerance for allocation errors.\u201d<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earlier_Form_26QB\"><\/span><span style=\"color: #000080;\"><strong>Earlier (Form 26QB<\/strong>):<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Filings were required for each buyer\u2013seller combination, leading to a multiplication effect (buyers \u00d7 sellers).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Now_Form_141\"><\/span><span style=\"color: #000080;\"><strong>Now (Form 141):<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Filings are required buyer\u2011wise, irrespective of the number of sellers. \u00a0Form 141 simplifies property TDS compliance by shifting filings from buyer\u2011seller combinations to a buyer\u2011centric approach. This new system reduces volume but increases data sensitivity:<\/p>\n<ul>\n<li>Buyer&#8217;s permanent account number becomes anchor field: Any mismatch \u2192 affects entire filing (not just one seller)<\/li>\n<li>Incorrect allocation among sellers: Can lead to <em>Tax Deducted at Source <\/em>mismatch in seller\u2019s AIS \/ 26AS equivalent and notices for short deduction.<\/li>\n<li>Month-wise aggregation risk: Payments split across months \u2192 separate Form 141 required<\/li>\n<li>Form 141 reduces form volume and duplication, but It does not reduce compliance responsibility and It actually increases the need for data accuracy and structuring<\/li>\n<li>Not fully one form fits all Even though Form 141 is unified You cannot mix categories (property + rent \u2192 then separate forms and so it&#8217;s a consolidated structure, not consolidated compliance.<\/li>\n<li>Tax Deduction and Collection Account Number vs Permanent Account Number\u00a0confusion: Property <em>Tax Deducted at Source<\/em> (like 26QB earlier) = No Tax Deduction and collection account number are required and likely continues under Form 141 for such cases, But Other categories may require Tax Deduction and collection account number-based compliance, so system needs careful mapping<\/li>\n<li>Interest &amp; late fee exposure is still the same: late deduction \u2192 interest u\/s 201(1A) and Late filing \u2192 Fee u\/s 234E\u00a0 Form change \u2260 relaxation in liability.<\/li>\n<\/ul>\n<p><strong>Scenario: : <\/strong>Property value: INR 1.2 Cr when Buyers: 2 \u00a0and Sellers: 3 , Each seller has defined share<\/p>\n<p><strong>Under new system:<\/strong><\/p>\n<ul>\n<li>Buyer 1 \u2192 files 1 Form 141<\/li>\n<li>Buyer 2 \u2192 files 1 Form 141<\/li>\n<li>Each form includes the following: All 3 sellers, Seller-wise breakup of consideration and TDS<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Before_vs_After_%E2%80%93_Simple_Illustration\"><\/span><span style=\"color: #000080;\"><strong>Before vs After \u2013 Simple Illustration<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 337px;\" width=\"925\">\n<thead>\n<tr>\n<td><strong>Scenario<\/strong><\/td>\n<td><strong>Old (26QB)<\/strong><\/td>\n<td><strong>New (Form 141)<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>2 Buyers \u00d7 2 Sellers<\/td>\n<td>4 Forms<\/td>\n<td>2 Forms (buyer-wise)<\/td>\n<\/tr>\n<tr>\n<td>Monthly Installments<\/td>\n<td>Separate Forms<\/td>\n<td>Still separate<\/td>\n<\/tr>\n<tr>\n<td>Multiple Sellers<\/td>\n<td>Separate forms<\/td>\n<td>Can be combined<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Compliance_Risks_and_Comparison_of_Form_26QB_Vs_New_Form_141\"><\/span><span style=\"color: #000080;\"><strong>Compliance Risks and Comparison of Form 26QB Vs New Form 141<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 713px;\" width=\"906\">\n<thead>\n<tr>\n<td><strong>Aspect<\/strong><\/td>\n<td><strong>Old Regime<\/strong><\/td>\n<td><strong>Form 141 Regime<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Forms<\/td>\n<td>Multiple (26QB, QC, QD, QE)<\/td>\n<td>Single Form 141<\/td>\n<\/tr>\n<tr>\n<td>Filing logic<\/td>\n<td>Transaction-based<\/td>\n<td>Month- and category-based<\/td>\n<\/tr>\n<tr>\n<td>Deductee handling<\/td>\n<td>One per form<\/td>\n<td>Multiple in one form<\/td>\n<\/tr>\n<tr>\n<td>Compliance burden<\/td>\n<td>High volume<\/td>\n<td>Lower volume, higher precision<\/td>\n<\/tr>\n<tr>\n<td>Error impact<\/td>\n<td>Isolated<\/td>\n<td>Consolidated impact<\/td>\n<\/tr>\n<tr>\n<td>Filing basis<\/td>\n<td>Buyer\u2013Seller combination<\/td>\n<td>Buyer + Month + Category<\/td>\n<\/tr>\n<tr>\n<td>Multiple sellers<\/td>\n<td>Separate forms<\/td>\n<td>Single form (multiple rows)<\/td>\n<\/tr>\n<tr>\n<td>Complexity<\/td>\n<td>High volume<\/td>\n<td>Lower volume, higher data precision<\/td>\n<\/tr>\n<tr>\n<td>Error impact<\/td>\n<td>Limited to one form<\/td>\n<td>Can impact entire filing<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TDS on Purchase of Immovable Property \u2013 Filing Impact of Form 141 The CBDT introduced a new form, 141, under the Income\u2011Tax Act, effective 1 April 2026. The essence is consolidation and simplification of Tax Deducted at Source\u00a0compliance for individuals and Hindu Undivided Family. Income Tax\u00a0 From 141 streamlines Tax Deducted at Source\u00a0reporting without changing &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[10455],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/31777"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=31777"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/31777\/revisions"}],"predecessor-version":[{"id":31786,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/31777\/revisions\/31786"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=31777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=31777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=31777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}