The Government has introduced Form 141 under the Income Tax Act, effective from April 1, 2026, bringing a unified approach to TDS compliance for real estate transactions and rental payments.

This change replaces multiple existing forms and simplifies reporting for resident Indian property owners.

Key Changes:

• One consolidated TDS form
• Covers both rent and property transactions
• Revised certificate format (Form 132)
• Filing timeline: Within 30 days

Why It Matters:

This update reduces complexity but increases the need for proper understanding and timely compliance.

For guidance and compliance support, connect with:

Parekh Consultants
📞 +91 9820948070