Get your Form 141 filing starting at just INR 2,499/- only
Ebizfiling helps property buyers calculate, report and pay applicable TDS through Schedule B of Form 141 under the current tax rules.
Form 141 | Property TDS | Expert Filing
Form 141 Filing is the current compliance process used for reporting and paying TDS on specified transactions under the Income-tax Act, 2025. For the purchase of qualifying immovable property from a resident seller, the transaction is reported through Schedule B of Form 141 under Section 393(1), Table Sl. No. 3(i).
Form 141 consolidates earlier PAN-based challan-cum-statement forms, including Form 26QB, Form 26QC, Form 26QD, and Form 26QE. For property transactions governed by the new Act from 1 April 2026, Schedule B of Form 141 is used instead of the earlier Form 26QB process.
For TDS for the purchase of property, tax is generally deducted at 1% of the consideration for transfer or the stamp duty value of the property, whichever is higher, once the applicable ₹50 lakh threshold is met. The provision applies to specified immovable property other than agricultural land covered by the statutory exclusion.
Ebizfiling assists property buyers with checking applicability, calculating TDS, reviewing buyer and seller details, preparing Schedule B, completing payment, and guiding them through the post-filing compliance process.
Form 141 Filing refers to filing the unified challan-cum-statement for specified PAN-based TDS transactions under Section 393(1) of the Income Tax Act, 2025.
Form 141 contains four separate schedules:
Only one type of transaction can be reported in each form 141. Property buyers, therefore, use Schedule B while completing Form 141, Filing for a qualifying property purchase.
Under the earlier Income-tax Act, 1961 framework, buyers used Form 26QB for reporting TDS on the purchase of immovable property under Section 194-IA.
Under the Income-tax Act, 2025 framework:
Earlier: Form 26QB under Section 194-IA
Current: Schedule B of Form 141 under Section 393(1), Table Sl. No. 3(i)
The applicable system depends on when the relevant event of payment or credit occurs. Where that event occurred on or before 31 March 2026, the earlier income tax act, 1961 framework, continues to apply. Where it occurs on or after 1 April 2026, the Income Tax Act, 2025 framework applies.
Buying property involves a significant financial transaction, and incorrect TDS reporting can affect both the buyer’s compliance records and the seller’s tax credit.
Ebizfiling helps you understand whether TDS applies to your property purchase, calculate the applicable deduction, review buyer and seller information, prepare Schedule B of Form 141, and complete the filing process under the current income-tax framework.
Get professional assistance with Form 141 filing and complete your TDS for purchase of property in compliance with accurate transaction reporting and guided online filing.
Form 141 applies when a buyer purchases specified immovable property from a resident seller and the applicable conditions under Section 393(2), Table Sl. No. 3 are satisfied.
| Particular | Current Requirement |
|---|---|
| Applicable Law | Income Tax Act, 2025 |
| Applicable Provision | Section 393(2), Table Sl. No. 3 |
| Filing Form | Form 141 |
| Property Schedule | Schedule B |
| Standard TDS Rate | 1% |
| TDS Base | Consideration or stamp duty value, whichever is higher |
| Threshold | ₹50 lakh, subject to applicable statutory conditions |
| Seller Status | Resident |
| Property Type | Specified immovable property other than agricultural land |
| Filing Mode | Online |
| Login | PAN Login |
| Filing Timeline | Within one month from the end of the month of deduction |
The exact information required depends on the property transaction. Buyers should generally keep the following details ready:
The unified Form 141 structure brings property TDS reporting and payment into one PAN-based online compliance process.
Professional review helps determine the applicable value, deduction rate and TDS amount before completing the property transaction filing.
Organised filing support helps buyers complete the challan-cum-statement and TDS payment within the prescribed statutory filing period.
Successful online filing provides transaction and payment records that buyers can retain for future tax and property documentation purposes.
Form 141 supports detailed reporting of ownership proportions where multiple buyers or sellers are involved in the same property transaction.
The Schedule B structure captures first, subsequent and last installment information where consideration for the property is paid in installments.
Post-filing assistance helps buyers understand the prescribed TDS certificate process after Form 141 has been successfully filed and processed.
If incorrect information is reported, the prescribed Form 141 correction facility is available through the TDS TRACES portal.
5 Easy Steps
Verify TDS Applicability
Collect Transaction Details
Prepare Schedule B
Pay Applicable TDS
Complete Form Filing
Applicability Review: We review the basic transaction details to determine whether property TDS and Schedule B of Form 141 are applicable.
TDS Calculation: We assist in calculating TDS using the applicable consideration, stamp duty value and prescribed tax rate.
PAN Verification: We help review the PAN and relevant details of the buyer and resident property seller before filing.
Property Review: We check transaction details such as property value, agreement date, ownership shares and payment information.
Schedule Preparation: We assist with preparing the relevant property transaction information required under Schedule B of Form 141.
Payment Support: We guide you through the online tax payment process linked with the challan-cum-statement.
Filing Assistance: We help complete the Form 141 Filing process through the applicable online procedure.
Certificate Guidance: We guide buyers regarding the applicable TDS certificate after Form 141 is successfully processed. The reference framework identifies Form 132 as the relevant certificate for these transactions.
Schedule B of Form 141 is used for TDS on the transfer of immovable property under Section 393(1), Table Sl. No. 3(i). Buyers completing tds for purchase of property under the current framework must select the applicable property transaction schedule while filing Form 141.
For property TDS events occurring on or after 1 April 2026 under the Income-tax Act, 2025, the transaction is reported through Schedule B of Form 141. Transactions covered under the earlier Act continue to follow the previous compliance framework based on the applicable date of payment or credit, whichever is earlier.
Under Section 393(1), Table Sl. No. 3(i), TDS is applicable at 1% of the consideration for transfer of immovable property or the stamp duty value, whichever is higher, subject to the prescribed threshold and other applicable conditions.
The threshold for applicability of property TDS is ₹50 lakh. Buyers should consider the property consideration and applicable stamp duty value while determining whether TDS deduction is required.
No. Form 141 is a PAN-based challan-cum-statement and can be filed through the taxpayer’s PAN login on the Income Tax e-Filing portal. TAN registration is not required for filing Form 141.
No. Form 141 applies only where the deductee is a resident. If the property seller is a non-resident, separate TDS provisions applicable to non-resident sellers must be followed and the transaction should not be reported through Schedule B of Form 141.
Yes. A single deductor can include multiple deductees in one Form 141 if they satisfy the applicable conditions. The deductees reported in the same Form 141 should belong to the same deductee category, such as corporate or non-corporate.
No. Each deductor must file a separate Form 141. In case of jointly purchased property, each buyer must evaluate their filing responsibility based on their respective share in the transaction.
No. A single Form 141 can include deductees having the same month of deduction. If the month of deduction is different, separate Form 141 filings are required for each month.
Yes. Corrections in Form 141 can be made through the prescribed correction facility available on the TDS TRACES portal. The correction process is not completed through the regular e-Filing portal filing process.
Form 141 must generally be furnished within one month from the end of the month in which TDS was deducted. The deducted tax is also required to be deposited within the prescribed timeline applicable to the transaction.
No. Form 141 is filed online through the Income Tax e-Filing portal. Taxpayers can access the service through PAN Login, e-File, e-Pay Tax, Income Tax Act 2025, New Payment and Form 141.
Yes. Form 141 contains separate schedules for specified rent payments, property transfers, specified contractor or professional payments and Virtual Digital Asset transactions. However, only one transaction type can be selected in a single Form 141, and separate filings are required for different transaction categories.
After successful submission, confirmation is sent through the registered email ID and mobile number. Filed Form 141 details can also be viewed under Payment History. The applicable TDS certificate can be accessed through the prescribed TRACES process after processing.
Get your Form 141 filing starting at just INR 2,499/- only
Ebizfiling helps property buyers calculate, report and pay applicable TDS through Schedule B of Form 141 under the current tax rules.
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