Property TDS Simplified — One Form 141 Now
The government has streamlined TDS compliance on property and similar payments by introducing Form 141 — replacing multiple existing forms.
Save & share this infographic with friends, family or your business partners.
One form for four old forms
Form 141 consolidates these existing TDS challan-cum-statements into a single filing.
TDS on sale of immovable property (>₹50 lakh)
TDS on rent paid by Individual/HUF (>₹50,000/month)
TDS on contractor / professional payments by Individual/HUF
TDS on transfer of Virtual Digital Assets (VDA)
A step towards simpler tax reporting
Note: Always refer to the latest CBDT notification & Form 141 instructions or consult your tax advisor before filing.
Single Window Filing
No need to choose between four different forms — Form 141 covers property, rent, contractor and VDA TDS in one place.
Better Compliance
A unified format reduces errors, mismatches and duplicate filings — making it easier to stay on the right side of the law.
Four Schedules — Pick the one that applies
Form 141 has separate schedules for each type of transaction. You only fill the schedule relevant to your transaction.
Rent payments
- Who files
- Individual / HUF paying rent to a resident
- Threshold
- Rent > ₹50,000 per month
- Section
- Sec 393(1) — Sl. No. 2(i)
Purchase of immovable property
- Who files
- Transferee / Buyer of property
- Threshold
- Sale value > ₹50 lakh (other than agricultural land)
- Section
- Sec 393(1) — Sl. No. 3(i)
Contractor / Professional payments
- Who files
- Individual / HUF (not liable for TDS under other provisions)
- Threshold
- Professional / contract / commission / brokerage > ₹50 lakh
- Section
- Sec 393(1) — Sl. No. 6(ii)
Virtual Digital Assets (VDA)
- Who files
- Any person paying for transfer of VDA
- Threshold
- No monetary threshold prescribed
- Section
- Sec 393(1) — Sl. No. 8(vi)
Due Date
File Form 141 within 30 days from the end of the month in which TDS was deducted.
Late fee under Sec 427 and interest under Sec 398(3)(a) of the Income-tax Act, 2025 apply on delays.
TDS Certificate
Once Form 141 is processed, the deductor can download Form No. 132 from TRACES and issue it to the deductee within 15 days from the due date.
How to file Form 141
- 1Login to the Income-tax e-Filing Portal using PAN (TAN not required)
- 2Go to 'e-Pay Tax' and select Form 141
- 3Choose the relevant Schedule (A / B / C / D) for your transaction
- 4Enter deductor & deductee details — PAN, address, contact, email
- 5Enter transaction details, TDS rate, date of deduction and tax amount
- 6Make online TDS payment, submit the form & download the challan-cum-statement
Form 141 — Frequently Asked Questions
Need help filing Form 141?
CA Sonali Verma and team can handle your property TDS compliance end-to-end — accurate, on-time and stress-free.
Sonali & Associates · Chartered Accountant (ICAI Member) · Sai Bhawan-164, Kanjari Sarai, Near Biharo Ka Mandir, Moradabad-244001, Uttar Pradesh, India