Is Form 141 the same as Form 26QB?

It is what replaced it. The Income-tax Act 2025 renumbered the workflow with effect from 1 April 2026: Form 26QB became Form 141, section 194-IA became section 393(1), and the certificate Form 16B became Form 132. Form 141 also absorbed 26QC, 26QD and 26QE, which is why it asks you to pick a Schedule — property is Schedule B.

Who files it, the buyer or the seller?

The buyer. You deduct the tax from what you pay the seller, and you deposit it with the government. The seller is the deductee. Getting this backwards is common and expensive: if the tax is not deducted, the department comes to the buyer, not the seller.

What is the deadline?

Thirty days from the end of the month in which you deducted the tax. A deduction made on 5 August is due by 30 September.

The threshold is ₹50 lakh — of which value?

Whichever is higher of the sale consideration and the stamp duty value. The portal enforces this itself and will refuse the form if neither reaches ₹50 lakh. The 1% is applied on the same higher-of basis.

There are two buyers. Do we file one form or two?

Two. The portal says each buyer must file a separate form for their respective share. The buyer table records everyone’s percentage, but the filing is per buyer. The same splitting applies if sellers have different deductee types, or if deductions fall in different months.

What if I am filing late?

You owe interest and a late-filing fee on top of the tax. The portal will not calculate them, will not warn you, and will happily accept the form with both fields left at zero. Work out what you owe before you pay, or take advice — paying only the tax leaves you short without telling you.

The seller’s name came back masked. Is that a problem?

No, that is the portal protecting the seller’s details. But read the visible letters: they are your only confirmation that you typed the right PAN. A wrong PAN files your deduction against someone else entirely.

What is Section 395(1) on the transaction screen?

It asks whether the seller holds a certificate permitting deduction at a lower or nil rate. If they do, you enter its number and deduct at the certificate rate rather than 1%. If they do not, answer No and leave the rate at 1. If you are unsure whether a certificate applies, take advice before filing.

What do I give the seller afterwards?

Form 132 — the certificate formerly known as Form 16B — downloaded from TRACES a few days after payment. It is the seller’s evidence that the tax was deducted and paid on their behalf. Without it they cannot claim credit for it.

The money left my account but the status has not updated. Should I file again?

No. Wait. The portal warns about this specifically: bank reconciliation takes time, and generating another challan is how people end up paying twice.

Walkthrough · verified on the live portal, 18 August 2026

How to file Form 141 for TDS on a property purchase

Form 141 is what Form 26QB became on 1 April 2026. If you have bought a property for ₹50 lakh or more, you — the buyer — have to deduct 1% and pay it to the government yourself. This walks through every screen, names every field, and flags the six places where the portal will let you make a mistake without telling you.

What this is

A screen-by-screen record of filing on the real portal. It is a utility, not tax advice. You log in, you review, you submit — we only tell you what each field wants.

First — is this guide for you?

Three questions, so you find out now rather than at step nine.

Is the price — or the stamp duty value — ₹50 lakh or more?

Is the property agricultural land?

Is the seller a resident of India?

Before you start

The portal times out after 15 minutes of inactivity and it shows a countdown while you work. Have all of this to hand before you begin — hunting for a PAN halfway through is how people get logged out.

Your e-Filing login — and your PAN must be active.
The seller’s PAN — this is the one thing you cannot proceed without. Everything else about the seller is fetched from it.
Each seller’s share — as a percentage. Must total 100%.
Each buyer’s share — as a percentage. Must total 100%.
The agreement value — the total sale consideration for the whole property.
The stamp duty value — the circle-rate value. You need both — the tax is worked out on whichever is higher.
Date of agreement — and date of registration if you have it.
The property’s PIN code — the portal fills the rest of the address from it.
Date of payment — and the date you deducted the tax.

Work out your figures first. The portal enforces the ₹50 lakh threshold and pre-fills the 1% rate, but it will not tell you whether you are filing late, how many separate forms your purchase needs, or whether your case belongs on this form at all. Settle those before you start — the walkthrough flags each one where it arises.

The six traps, up front

Each of these is explained again at the step where it bites. They are collected here because every one of them is silent — the portal accepts the mistake and moves on.

Logging in drops you on the wrong page. The portal opens on “File Income Tax Return”. That is not this. Step 2.
The wrong Act is pre-selected. It defaults to the Income-tax Act, 1961. Form 141 lives under the 2025 Act. Step 3.
Two tiles have almost the same name. One of them is for paying a demand, not for filing. Step 5.
“Corporate” is pre-selected. Most property sellers are not companies. This one decides which government account your money lands in. Step 6.
The seller’s name comes back masked. It is your only check that you typed the right PAN. Step 10.
Interest and Fee sit at zero. If you are filing late, they are not zero — and nothing on the portal will say so. Step 12.

The walkthrough

13 steps

Tick them off as you go

Step 1: Log in to the e-Filing portal

incometax.gov.in

Log in with your own credentials. Nobody should be logging in on your behalf, and no tool — this one included — should ever ask for your password or OTP.

Use one browser tab and stay in it. The portal allows a single active session: opening it in a second tab throws “Session has Expired” and kills the first.

Mark this step done

Step 2: Ignore the page it opens on, and go to e-Pay Tax

Dashboard → e-File → e-Pay Tax

After login the portal helpfully drops you on “File Income Tax Return”. That is the annual return, not this. Nothing you need is on that page.

Open the e-File menu and choose e-Pay Tax.

This is trap one

People assume the page they land on is where they were going. Filing a property TDS deduction has nothing to do with filing your income tax return — different form, different deadline, different consequence for getting it wrong.

Mark this step done

Step 3: Choose the Income-tax Act, 2025

Select Applicable Income Tax Act

You are asked which Act applies. The screen offers the Income-tax Act 2025 — “for Tax Year 2026-27 and onwards, including Form 141” — and the Income-tax Act 1961, for “Assessment Year 2026-27 or earlier”.

For a purchase made now, choose the 2025 Act. Form 141 exists only on that side.

Select Applicable Income Tax Act

Income-tax Act, 2025
For Tax Year 2026-27 and onwards (including Form 141, Challan-cum-statement of deduction of Tax u/s 393(1))
← choose this one

Income-tax Act, 1961
For Assessment Year 2026-27 or earlier AYs
← pre-selected, and wrong for a purchase made now

Illustration of the portal screen. The 1961 option is the one already selected when the page loads.

What is the Income-tax Act, 2025?

India rewrote its income tax law. The new Act took effect for tax year 2026-27, and it renumbered almost everything — including this form. Nothing about what you owe changed; the names did.

The 1961 Act is pre-selected

The older Act is already chosen when the screen loads. Click straight through and you go down the pre-2026 route looking for a Form 26QB that is not there any more. If your purchase was in an earlier year, the 1961 route is genuinely the right one — but for anything from April 2026 onwards you must switch.

Mark this step done

Step 4: Start a new payment

e-Pay Tax dashboard → + New Payment

This dashboard has three tabs: Saved Drafts, Generated Challans and Payment History. A part-filled Form 141 can be resumed from Saved Drafts, and your challan will live in Generated Challans afterwards.

Click + New Payment, top right.

Mark this step done

Step 5: Pick the right Form 141 tile

New Payment tile grid

You want the tile reading “Form 141 (Challan-cum-statement of deduction of tax under section 393(1))”. Click Proceed on it.

New Payment

Form 141 (Challan-cum-statement of deduction of tax under section 393(1))

[Table Sl. No. 2(i), 3(i), 6(ii) & 8(vi)]

← this one

Form 141 (Demand Payment for Challan-cum-statement of deduction of tax under section 393(1))

[Table Sl. No. 2(i), 3(i), 6(ii) & 8(vi)]

← only for paying a demand raised against you

Illustration. Two tiles carry the words “Form 141”; only one of them files a purchase.

There are two Form 141 tiles

The other one says “Form 141 (Demand Payment for Challan-cum-statement…)”. That is for paying a demand the department has raised against you — not for filing an ordinary purchase. The only difference in the wording is “Demand Payment for”. Read the tile twice.

Mark this step done

Step 6: Choose the deductee type — carefully

Type of deductee

A small dialog asks whether the deductee is corporate or non-corporate. In a property purchase the deductee is the seller. If your seller is an individual or a HUF — which most residential sellers are — the answer is Non-Corporate.

If your sellers are of mixed types, one form cannot cover them. You will need to file separately.

Type of deductee

Select the appropriate deductee type:

Corporate deductee(s)
← pre-selected

Non-Corporate deductee(s)
← an individual or HUF seller, which most sellers are

Portal’s own note: multiple deductees may share one form only if they are the same type. Different types mean separate forms. Incorrect selection may cause filing errors.

Illustration. “Corporate” is selected before you touch anything.

What is a deductee?

The person the tax is deducted FROM. In a property sale that is the seller — you hold back 1% of their money and send it to the government on their behalf. You are the “deductor”.

What is a HUF?

Hindu Undivided Family — a family treated as a single taxpayer in its own right. For this form it counts as non-corporate, the same as an individual.

Corporate is pre-selected, and this one moves your money

This choice sets the Major Head on the challan — the government account your payment is credited to. Choosing Non-Corporate produced “Income Tax (Other than Companies) (0021)”; the corporate path carries a different head. Get this wrong and the money goes to the wrong account. The portal’s own warning is blunt: “Incorrect selection may cause filing errors.”

Mark this step done

Step 7: Set the tax year, month and Schedule

Step 1 of 3 — Particulars of the Deductor

Your own details — PAN, name, address, contact — are filled in from your e-Filing profile and cannot be edited here. If any of it is wrong, fix it in My Profile first; there is a link on the screen.

Three fields are yours to set.

Nature of Transaction in respect of the deductee

Schedule A: TDS on Rent paid by Individual/HUF under section 393(1)

Schedule B: TDS on transfer of immovable property under section 393(1)← property

Schedule C: TDS on payment made by Individual / HUF to Contractor / Professionals u/s. 393(1)

Schedule D: TDS on payment made by Individual/HUF on transfer of Virtual Digital Asset (VDA)

Illustration of the dropdown. Property purchases are Schedule B.

What is a challan-cum-statement?

Two jobs in one document: the challan is the payment slip, and the statement reports who the tax was deducted from. Filing Form 141 and paying are the same act — there is no separate return to file afterwards.

Fields on this screen
Field	What to put in it
Tax year of Transaction	The tax year the payment falls in.
Month of deduction	The month you deducted the tax. This drives your filing deadline — 30 days from the end of it.
Nature of Transaction	Choose Schedule B: TDS on transfer of immovable property.

Form 141 is four old forms in one

Schedule A is rent (the old 26QC), Schedule B is immovable property (the old 26QB), Schedule C is contractors and professionals (26QD), Schedule D is virtual digital assets (26QE). For a property purchase it is Schedule B. Each form can report only one type of transaction.

Mark this step done

Step 8: Describe the property

Step 2 of 3 — Transaction Details, fields 1–4

Type of property is a straight choice between “Land (other than agricultural land)” and “Building or part of building”. There is no option for agricultural land, because this tax does not apply to it.

Then the address. Enter the PIN code and wait — Post Office, Area/Locality, District and State are fetched from it and appear as dropdowns. They will be empty until the PIN lookup finishes.

Fields on this screen
Field	What to put in it
Type of immovable property	Land (other than agricultural land), or Building or part of building.
Flat / Door / Building	Required.
Road / Street / Block / Sector	Optional.
PIN Code	Enter this first — it populates the four fields below it.
Post Office	Choose from the list the PIN produces.
Area / Locality	Choose from the list the PIN produces.
District, State	Follow from the PIN.
Date of Agreement	Required.
Date of Registration	Only if you have it.

Mark this step done

Step 9: Enter the two values, and the payment shape

Step 2 of 3 — fields 5–10

The portal wants both the stamp duty value and the sale consideration, because the tax is worked out on whichever is higher — and the ₹50 lakh threshold is tested the same way.

Then say whether you are paying in one go or in instalments. If instalments, say which one this is.

What is the stamp duty value?

The government’s own valuation of the property — the “circle rate” — used for stamp duty. It is often different from the price you agreed. The tax is worked out on whichever of the two is higher, so you need both.

Fields on this screen
Field	What to put in it
Total Stamp Duty Value of Property	The circle-rate value for the whole property.
Total sale Consideration	The agreement value for the whole property.
Lumpsum or Instalments	One payment, or several.
First / Subsequent / Last instalment	Only if paying in instalments.
Previous acknowledgement number	Needed for a subsequent or last instalment — it is the acknowledgement from your previous filing, so keep them.
Total consideration paid including this instalment	Only on the last instalment.

The portal enforces the threshold

If neither the consideration nor the stamp duty value reaches ₹50 lakh, it refuses: “Either ‘Total Sale Consideration’ or ‘Total Stamp Duty Value’ must be 50 Lakhs or more.” That is the threshold and the higher-of rule, in the department’s own words.

Mark this step done

Step 10: Add the buyers and the sellers

Step 2 of 3 — fields 11 and 12

Your own row is already in the buyer table. Enter your share of the consideration as a percentage before adding anyone else — the portal insists on that order. All buyers must total 100%.

Then add each seller. You type only two things: the seller’s PAN and their percentage share. Name, contact number and email are fetched from the PAN and shown masked.

The masked name is your only check

When you enter a seller’s PAN the portal fills in their name — masked, like SXXXXN GXXXA. Read it. Those few visible letters are the only confirmation you have typed the right PAN. Get a digit wrong and you will file a deduction against a stranger, and the portal will not stop you.

More than one buyer means more than one form

The portal states it plainly: “In case there are more than one buyer, each buyer must file a separate form for their respective share.” The table records everyone’s share, but each buyer files their own Form 141. The same applies to sellers of different deductee types, or deductions made in different months.

How many forms do you have to file?

More than one, more often than people expect.

How many buyers are on the sale deed?All sellers are the same type — all individuals/HUFs, or all companiesAll the tax was deducted in the same month

1 form

One form per buyer. A single buyer files once.

A guide, not a ruling. If your sale is unusual, check with a chartered accountant before you file.

Mark this step done

Step 11: Enter the transaction row for each seller

Step 2 of 3 — field 13

This is where the arithmetic happens, once per seller. Choose the seller from the dropdown — it only offers sellers matching the deductee type you chose at the start — and fill in the amounts.

The rate is pre-filled at 1%. The tax is that rate applied to the amount on which tax is liable to be deducted.

Fields on this screen
Field	What to put in it
PAN of the Deductee	Select the seller you added.
Proportionate amount of Stamp Duty value	This seller’s share of the stamp duty value.
Total amount paid in previous instalment(s)	Zero for a first instalment.
Amount paid/credited in present transaction	What you are paying this seller now.
Amount on which Tax is liable to be deducted	The base the 1% is applied to.
Date of Payment/Credit	When you paid.
Whether Section 395(1) applicable	Yes only if the seller holds a certificate allowing a lower or nil rate. If yes, the rate below is the certificate’s rate, not 1%.
Rate at which tax deducted (%)	Pre-filled at 1.
Amount of Tax deducted at source	The rate applied to the amount above.
Date of Deduction	When you deducted it.

Mark this step done

Step 12: Check the deposit total — and the two fields nobody fills

Step 2 of 3 — field 14, Tax Deposit Details

The amount deducted is worked out from your transaction rows and cannot be edited. Below it sit two fields that can: Interest, and Fee. Both start at zero.

14. Tax Deposit Details

Amount on which TDS to be deducted

₹ 75,00,000

(a) Amount deducted

₹ 75,000

(b) Interest

₹ 0

← if you are filing late these are not zero, and nothing here will tell you

Total payment (a + b + c)₹ 75,000

The greyed fields are worked out by the portal from your transaction rows. Only Interest and Fee can be typed.

Illustration with example figures. Interest and Fee are yours to fill — the portal leaves them at zero.

Zero is not always the right answer

If you are past the deadline — 30 days from the end of the month you deducted in — you owe interest, and a late-filing fee, on top of the tax. The portal does not ask whether you are late. It does not check the dates you have already typed in. It will accept the form with both fields at zero and take your payment. Then you are short, and you find out later.

Are you already late?

The deadline is 30 days from the end of the month you deducted the tax in. The portal will not tell you if you have passed it.

Month of deductionYear

Mark this step done

Step 13: Choose how to pay, then review and pay

Step 3 of 3 — Add Payment Details

Check the summary at the top: it should say Schedule B, section 393(1) Table 3(i), and — if your seller is not a company — Major Head “Income Tax (Other than Companies) (0021)”, minor head 800. If that does not match what you intended, go back rather than pay.

Then pick a payment mode: Net Banking, Debit Card, Pay at Bank Counter, RTGS/NEFT, or Payment Gateway including UPI and Credit Card.

What is a Major Head and Minor Head?

Accounting codes that tell the government which pot the money belongs in. Major Head 0021 is income tax for non-companies; minor head 800 marks it as TDS on a property sale. They are set by the choices you made earlier, which is why the deductee type mattered.

Net banking through an authorised bank is free

The portal states there is no transaction charge on that route. The payment-gateway route — UPI and credit card — generally carries a fee. On a sum this size that difference is real money, and nobody points it out.

Mark this step done

After you have paid

Your challan is generated on payment and lives under e-Pay Tax → Generated Challans. Keep it: it is your proof of payment.

A few days later you download Form 132 — the certificate that used to be Form 16B — from TRACES, and give it to the seller. That is the seller’s evidence that you deducted the tax and paid it on their behalf; without it they cannot claim the credit.

If the payment debits but the status does not update

Wait. Do not generate another challan. The portal warns about this explicitly — the bank reconciliation takes time, and filing again is how people end up paying twice.

Questions people ask

Is Form 141 the same as Form 26QB?: It is what replaced it. The Income-tax Act 2025 renumbered the workflow with effect from 1 April 2026: Form 26QB became Form 141, section 194-IA became section 393(1), and the certificate Form 16B became Form 132. Form 141 also absorbed 26QC, 26QD and 26QE, which is why it asks you to pick a Schedule — property is Schedule B.
Who files it, the buyer or the seller?: The buyer. You deduct the tax from what you pay the seller, and you deposit it with the government. The seller is the deductee. Getting this backwards is common and expensive: if the tax is not deducted, the department comes to the buyer, not the seller.
What is the deadline?: Thirty days from the end of the month in which you deducted the tax. A deduction made on 5 August is due by 30 September.
The threshold is ₹50 lakh — of which value?: Whichever is higher of the sale consideration and the stamp duty value. The portal enforces this itself and will refuse the form if neither reaches ₹50 lakh. The 1% is applied on the same higher-of basis.
There are two buyers. Do we file one form or two?: Two. The portal says each buyer must file a separate form for their respective share. The buyer table records everyone’s percentage, but the filing is per buyer. The same splitting applies if sellers have different deductee types, or if deductions fall in different months.
What if I am filing late?: You owe interest and a late-filing fee on top of the tax. The portal will not calculate them, will not warn you, and will happily accept the form with both fields left at zero. Work out what you owe before you pay, or take advice — paying only the tax leaves you short without telling you.
The seller’s name came back masked. Is that a problem?: No, that is the portal protecting the seller’s details. But read the visible letters: they are your only confirmation that you typed the right PAN. A wrong PAN files your deduction against someone else entirely.
What is Section 395(1) on the transaction screen?: It asks whether the seller holds a certificate permitting deduction at a lower or nil rate. If they do, you enter its number and deduct at the certificate rate rather than 1%. If they do not, answer No and leave the rate at 1. If you are unsure whether a certificate applies, take advice before filing.
What do I give the seller afterwards?: Form 132 — the certificate formerly known as Form 16B — downloaded from TRACES a few days after payment. It is the seller’s evidence that the tax was deducted and paid on their behalf. Without it they cannot claim credit for it.
The money left my account but the status has not updated. Should I file again?: No. Wait. The portal warns about this specifically: bank reconciliation takes time, and generating another challan is how people end up paying twice.

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This walkthrough was recorded from a live pass through the Income Tax e-Filing portal on 18 August 2026. Portals change; if a screen no longer matches, trust the portal. It describes the process — it is not tax advice, and whether a particular treatment is right for your transaction remains yours to decide. Maytrika is not affiliated with the Income Tax Department.