Form 141 Schedule B Correction / Rectification

Income-tax Act, 2025, Section 393(1) — Correction of Form 141, Schedule B (Property Purchase TDS):
Form 141, Schedule B is the unified challan-cum-statement (effective 1 April 2026) for TDS on resident-seller property-purchase transactions, replacing the erstwhile Form 26QB filed under Section 194-IA of the Income-tax Act, 1961.
Where a Form 141/Schedule B filing contains an error — such as an incorrect PAN, deductee name, amount, or challan/tax-deposit particulars — a correction/rectification statement must be filed through the online correction facility on the successor system to TRACES, following the same underlying online-correction principle applied to the erstwhile Form 26QB corrections. As with any TDS statement correction, an error in the deductee's PAN can affect the deductee's Form 26AS/AIS credit until corrected, making timely rectification important to avoid a mismatch notice.
This service applies only to the resident-seller Schedule B pathway; corrections relating to a non-resident seller's TDS filing fall under the separate Form 144/Form 131 non-resident pathway and are not covered by this Schedule B correction process.

Errors in Form 141 Schedule B can block Form 132 certificate availability or create tax credit mismatches for the seller. We review the filed challan-cum-statement, identify the correction route and assist with the Income-tax Act, 2025 correction workflow.