Since 1 April 2026, Forms 26QB and 26QC have been merged into Form No. 141 under the Income-tax Act, 2025 — Schedule B for property, Schedule A for rent. We still use the familiar 26QB/26QC names below so you know exactly what you need.
Expert Property & Rent TDS Filing — Same Day Service — Get Your Form 132 TDS Certificate — 26QB Cancellation Support Available
Sidhi & Associates — Form 141 (26QB & 26QC) Filing: Property TDS (Schedule B, formerly 26QB) from ₹2,000 • Rent TDS (Schedule A, formerly 26QC) from ₹1,500/quarter • Priority same-day filing ₹3,000 • 26QB cancellation from ₹2,500 • Form 132 certificate included. Call +91 78892 57045.
Know when and why you need to file for property transactions and rent payments, and what changed under the Income-tax Act, 2025
What changed: Effective 1 April 2026, the Income-tax Act, 2025 merged Forms 26QB, 26QC, 26QD and 26QE into a single challan-cum-statement, Form No. 141. Property TDS (previously Form 26QB, Section 194-IA) is now Schedule B of Form 141, filed under Section 393(1). Rent TDS (previously Form 26QC, Section 194-IB) is now Schedule A. The TDS certificate issued to the seller/landlord is now Form No. 132, replacing Form 16B/16C. Compliance requirements, thresholds, and deadlines remain the same — only the form number, schedule structure, and section reference have changed.
When Required: When buying immovable property (land, building, house) valued at ₹50 lakhs or more.
TDS Rate:
Filing Deadline: Within 30 days from the end of the month in which such payment or registration is done
When Required: When paying rent exceeding ₹50,000 per month (₹6 lakhs annually) to an Indian resident.
TDS Rate:
Filing Deadline: Within 30 days of the end of the month in which TDS was deducted
Penalties for Non-Filing:
| Property Value | Seller Type | TDS Rate | Action Required |
|---|---|---|---|
| Below ₹50 Lakhs | Any | No TDS | ❌ Not required |
| ₹50 Lakhs or more | Resident Indian | 1% | ✅ File Form 141 (Schedule B) |
| ₹50 Lakhs or more | NRI | 20% | ✅ File Form 141 (Schedule B) |
| ₹50 Lakhs or more | Seller without PAN | 20% | ✅ File Form 141 (Schedule B) |
| Note: Agricultural land is exempt from TDS. Capital gains-exempt properties also don't attract TDS. | |||
| Monthly Rent | Annual Rent | TDS Rate | Action Required |
|---|---|---|---|
| Below ₹50,000 | Below ₹6 Lakhs | No TDS | ❌ Not required |
| ₹50,000 or more | ₹6 Lakhs or more | 10% | ✅ File Form 141 (Schedule A) quarterly |
| ₹50,000 or more | ₹6 Lakhs or more | 20% | ✅ If landlord has no PAN |
| Note: Applicable only for rent paid to resident Indians. For NRI landlords, different TDS provisions apply. | |||
For Form 141 Schedule A, even if rent crosses ₹50,000/month for just one month in a quarter, you must deduct and deposit TDS for that entire quarter. It's advisable to maintain consistent rent above or below this threshold.
Complete end-to-end TDS filing support with expert guidance
Simple 5-step process to complete your TDS filing hassle-free
Send us sale deed/rent agreement, PAN cards, and property/payment details via WhatsApp/Email
We calculate exact TDS amount based on property value/rent and applicable rates
Generate and pay TDS challan online. We guide you through the payment process
We file the relevant schedule of Form 141 on the income tax portal within 24 hours
Download the Form 132 TDS certificate and share with seller/landlord
Property transactions can be time-sensitive. If you need same-day filing ahead of a registration, we complete the process within 4–6 hours, subject to document availability and challan payment.
Affordable, transparent pricing with no hidden charges
Understanding the consequences of missing TDS filing deadlines
| Non-Compliance Type | Penalty/Interest | Additional Consequences |
|---|---|---|
| Late Filing of Form 141 (Schedule A/B) | ₹200 per day (Min: ₹10,000, Max: TDS amount) |
Property registration may be refused |
| Late Payment of TDS | Interest @ 1.5% per month | Accumulated from due date till payment |
| Non-deduction of TDS | Interest @ 1% per month | Disallowance of expense |
| Short Deduction of TDS | Interest @ 1% per month on short amount | Plus late filing fee if applicable |
| Non-issuance of Form 132 Certificate | ₹100 per day per certificate | Seller/landlord cannot claim TDS credit |
Scenario: Property worth ₹1 Crore, TDS of ₹1 lakh not deposited/filed for 60 days
Filing on time avoids these penalties entirely.
Let our expert accounting team handle your TDS filing accurately and on time.
