Income Tax Update: PAN-Based TDS Payments Can Now Be Made Using a Single Form 141

The Income Tax Department has made a significant announcement relating to PAN based TDS (Tax Deducted at Source) payments. As per the announcement, the process for making PAN-based TDS payments has been simplified under the Income Tax Act, 2025.

What Has Been Changed?

Various PAN-based TDS payments, such as TDS on Purchase of Property, TDS on Rent (non-business) and other specified payments, can now be made using a single form, i.e., Form No. 141. The change has been scheduled to take effect from April 01, 2026.

Previously, to make various types of TDS payments, taxpayers were required to use different forms, such as 26QB, 26QC, 26QD, and 26QE.

How to Make TDS Payment Using Form 141

To make the various TDS payments using the unified Form 141, taxpayers can follow the below-mentioned steps:

• Step 1: Log in at the Income Tax Portal.
• Step 2: On the homepage, navigate to the “Income Tax Act 2025” section
• Step 3: Now, select the “New Payment” option.
• Step 4: Select Form 141 to proceed with making the TDS payment, select Form 141.

What is Form 141?

Form 141 is a challan-cum-statement introduced by the income tax authorities under section 393(1) of the Income Tax Act 2025, to make TDS compliance simpler and easier for the taxpayers.

What will be the applicability of Form No. 141?

The Form No. 141 shall be applicable for the transactions pertaining to Tax Year 202627 onwards. If TDS deduction point lies in FY 25-26, then old forms are applicable and if it lies in FY 26-27, then new form will be applicable.