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In force from 1 Apr 2026

TDS on property moves to the Income-tax Act, 2025 and Form 141

TDS on property purchases is now deducted under section 393(1) of the new Act and paid with Form 141, which replaces Form 26QB. The 1% rate and the ₹50 lakh threshold stay.

General information, not legal or tax advice. These guides have not yet been reviewed by an advocate or a chartered accountant, and rules and rates change. Check with the office concerned and a professional before you pay or sign anything. Spotted a mistake? Write to hello@realestateexplorer.in.

The Income-tax Act, 2025 came into force on 1 April 2026 and replaced the 1961 Act. The rule that a buyer deducts 1% when a property’s price or stamp duty value is ₹50 lakh or more, earlier in section 194-IA, is now in section 393(1). Buyers pay it with Form 141, a challan-cum-statement based on PANs that replaces Form 26QB, and the certificate for the seller is now Form 132. Payments made before 1 April 2026 still follow the old rules. See TDS on a property purchase.

Sources

Official sources are marked. Where no official page could be read, we used news reports and law firms’ notes.

  1. Section 393(1), Income-tax Act, 2025 (opens in a new tab) · Indian Kanoon (text of the Act)
  2. Form No. 141: challan-cum-statement for TDS (opens in a new tab) · Income Tax DepartmentOfficial
  3. Form 141: frequently asked questions (opens in a new tab) · Income Tax DepartmentOfficial
  4. Section 194-IA, Income-tax Act, 1961 (the earlier rule) (opens in a new tab) · Income Tax DepartmentOfficial

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