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New TDS Form 141 merges four filings into one challan statement for clarity
Economy
Published on 24 April 2026
One form now covers rent property professionals and VDA TDS
The Income Tax Department has launched Form 141, a consolidated challan-cum-statement that merges four earlier TDS forms. The change is designed to simplify reporting for common transactions such as rent, property purchases, professional payments and TDS linked to virtual digital assets. Officials say it will improve clarity and cut duplicated entries for taxpayers.
- Form 141 consolidates four earlier TDS forms into one
- Covers TDS for rent, property purchases, and professional payments
- Includes provisions for TDS reporting on virtual digital assets
- Aims to reduce duplication and improve reporting clarity
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times