Form 141 for July 2026: Challan-cum-Statement of TDS Due on 30 August 2026

The Income-tax Act, 2025 has introduced Form No. 141 as a consolidated challan-cum-statement for specified TDS transactions. Taxpayers who deducted tax during July 2026 under the specified provisions must furnish Form 141 within 30 days from the end of the month of deduction.

What is Form No. 141?

Form No. 141 is the new unified challan-cum-statement prescribed under the Income-tax Rules, 2026. It replaces the earlier Forms 26QB, 26QC, 26QD and 26QE for specified transactions.

The form is governed principally by Rules 218 and 219 of the Income-tax Rules, 2026. The CBDT's official guidance confirms that Form 141 is applicable to deductions under Section 393(1), Table Serial Nos. 2(i), 3(i), 6(ii) and 8(vi) of the Income-tax Act, 2025. (Income Tax India)

Who is required to furnish Form 141?

Form 141 covers the following major categories:

• Rent: TDS on rent exceeding ₹50,000 per month in cases covered by Section 393(1), Table Sl. No. 2(i).

• Immovable property: TDS on consideration for transfer of immovable property, other than agricultural land, where the applicable threshold is ₹50 lakh or more, covered by Table Sl. No. 3(i).

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• Contract, professional, commission or brokerage payments: Specified payments by an individual or HUF where the aggregate amount during the tax year exceeds ₹50 lakh, covered by Table Sl. No. 6(ii).

• Virtual Digital Assets: TDS on consideration for transfer of a Virtual Digital Asset, including specified cryptocurrency/NFT transactions, covered by Table Sl. No. 8(vi). (Income Tax India)

Due Date for July 2026

Under Rule 219 of the Income-tax Rules, 2026, Form 141 is required to be furnished electronically within 30 days from the end of the month in which the deduction is made. (Income Tax India)

Accordingly:

• Month of deduction: July 2026

• Period covered: 1 July 2026 to 31 July 2026

• Statutory due date: 30 August 2026

30 August 2026 falls on a Sunday. Therefore, taxpayers should avoid waiting until the last day and complete the payment and filing process well in advance. Current tax-compliance calendars also identify 30 August 2026 as the Form 141 deadline. (TaxGuru)

Important Compliance Points

Taxpayers should ensure that:

1. The correct PAN of the deductor and deductee is entered.

2. The applicable transaction schedule in Form 141 is selected correctly.

3. The amount on which TDS is applicable is correctly determined.

4. TDS is deposited along with the challan-cum-statement within the prescribed time.

5. Transaction dates, consideration/payment details and other mandatory particulars are properly reconciled before submission.

The Income Tax Department's Form 141 guidance states that the form is filed through PAN login on the e-Filing portal and provides for separate schedules covering rent, immovable property, specified payments and VDA transactions. (Income Tax India)

Transition from the Earlier TDS Forms

For transactions governed by the Income-tax Act, 1961 up to 31 March 2026, the earlier forms such as 26QB, 26QC, 26QD and 26QE continue to be relevant. For transactions to which the Income-tax Act, 2025 applies from 1 April 2026, Form 141 is the consolidated form for the specified categories. (Income Tax India)

Conclusion

Form 141 is an important compliance requirement under the new Income-tax Act, 2025. Individuals, HUFs and other taxpayers covered by the specified TDS provisions should review July 2026 transactions and ensure that the applicable TDS is correctly paid and Form 141 is furnished within the prescribed time.

For expert guidance on this topic, contact your tax professional today.

EXCERPT: Form 141 for July 2026 TDS transactions is due by 30 August 2026 under Rule 219 of the Income-tax Rules, 2026.

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