Property Purchase TDS — Form 141 Schedule B

Income-tax Act, 2025, Section 393(1) — Form 141, Schedule B (Property Purchase TDS):
With effect from 1 April 2026, TDS on payment for transfer of immovable property (other than agricultural land) is reported using Form 141, Schedule B, which replaces the erstwhile Form 26QB filed under Section 194-IA of the Income-tax Act, 1961.
Filing timeline — Form 141 (with Schedule B) must be filed within 30 days from the end of the month in which the tax is deducted, consistent with the unified challan-cum-statement timeline under Section 393(1).
Applicability note — the buyer (deductor) uses Form 141/Schedule B only where the seller (deductee) is a resident. Where the seller is a non-resident, the transaction falls instead under the non-resident-specific TDS pathway (Form 144, with a Form 131 certificate to the seller), and Form 141/Schedule B does not apply — this distinction is important because the two pathways carry different rates, forms, and compliance steps.
As with the earlier Form 26QB regime, the buyer must obtain a TAN or use the PAN-based challan-cum-statement route as prescribed, deduct tax at the time of payment/credit (whichever is earlier), and issue the corresponding TDS certificate to the seller after filing.

We help buyers compute, pay and report TDS on purchase of immovable property under Section 393(1) [Table Sl. No. 3(i)] of the Income-tax Act, 2025. This includes PAN validation, Form 141 Schedule B filing, payment tracking and seller handover checklist under the Income-tax Rules, 2026.