TDS on a Bengaluru Property Purchase Now Goes Through Form 141: What Buyers Need to Know
The income tax portal now uses Form 141 under the Income-tax Act, 2025 for TDS on property purchases, replacing Form 26QB. Here is who files, the deadlines and how joint buyers should handle it.
A couple buying a resale flat in Hebbal this month logs into the income tax e-filing portal to deposit the tax they have deducted from the seller's payment, as their lawyer told them to. They search for Form 26QB, the form their friends used a year ago, and find a new option instead: a payment route under the Income-tax Act, 2025, and a form called Form 141. Nothing is wrong. The paperwork has changed, and every home buyer who deducts tax on a property purchase now needs to know the new route.
This guide explains what the e-filing portal now says about tax deducted on property purchases, who files what, the deadlines, and how joint buyers should handle it. It sticks to what the official portal states, and points you there for the figures that apply to your own deal.
The short answer. On the income tax e-filing portal, Form 141 is now the challan cum statement for tax deducted under Section 393(1) of the Income-tax Act, 2025, and it merges the older Forms 26QB, 26QC, 26QD and 26QE. For a purchase from a resident seller, Schedule B applies; the buyer is the deductor and the seller is the deductee. Payment is due within 30 days from the end of the month of deduction. The trade-off: one unified form is simpler once you know it, but it is filed only through PAN login and corrections move to a separate portal, so mistakes cost more time to fix.
What has changed for home buyers who deduct TDS?
According to the Form 141 FAQs on the income tax e-filing portal, Form 141 is a single challan cum statement for payment and reporting of tax deducted under Section 393(1) of the Income-tax Act, 2025. It brings together what used to be four separate forms: 26QB, 26QC, 26QD and 26QE.
For a home buyer, the relevant part is Schedule B, which covers the purchase of immovable property from a resident seller and sits under Section 393(1), Table Serial Number 3(i). The portal states that Schedule B can be filed by all categories of assessees, subject to the provisions of the Income-tax Act, 2025.
The roles are spelled out plainly. For Schedule B, the buyer or purchaser of the property is the deductor, and the seller of the property is the deductee. When filling in the deductee type, you select Corporate Deductee only if the seller's PAN has the letter C as its fourth character; otherwise you select Non-Corporate Deductee.
How do you file Form 141 on the portal?
Form 141 is filed only through PAN login. The path given on the portal is: e-File, then e-Pay Tax, then Income Tax Act 2025, then New Payment, then Form 141. If you used to look for Form 26QB under a different menu, this is the route to use now.
The portal sets two deadlines. Payment of the tax deducted is due within 30 days from the end of the month in which the deduction is made. The challan cum statement must be furnished within one month from the end of the month in which tax is deducted. For example, if you deduct tax when you pay the seller on 18 November, the month ends on 30 November, so payment falls due by 30 December and the statement by 31 December. After filing, a confirmation is sent by SMS and email to your registered contact details.
The portal also says there is no single prescribed TDS rate for Form 141 as a whole. The rate depends on the transaction and the relevant provisions of the Act, and tax may be deducted at a higher rate under Section 397(2) or at a rate specified in a certificate under Section 395. In practice, that means you should confirm the rate and any threshold that apply to your purchase on the portal or with your tax adviser before you deduct, rather than relying on what applied to a friend's purchase under the old law.
| Item | What the e-filing portal says | What a buyer should do |
|---|---|---|
| Form | Form 141 merges Forms 26QB, 26QC, 26QD and 26QE | Use Form 141 for deductions under the 2025 Act |
| Provision | Schedule B, Section 393(1), Table Sl. No. 3(i), resident seller | Choose Schedule B when the seller is resident |
| Roles | Buyer is the deductor; seller is the deductee | Collect the seller's PAN before payment day |
| Deadlines | Pay within 30 days from month end; furnish within one month from month end | Diarise both dates the day you deduct |
| Corrections and certificate | Corrections only on TDS-TRACES; certificate downloaded from TDS-TRACES | Register on TRACES as a taxpayer early |
What if two of you are buying the flat together?
If you are buying jointly, the portal addresses that too. Where there are several deductors, each deductor is required to file a separate Form 141 for their respective share. So if a husband and wife buy a flat jointly and each pays part of the price, each of them deducts and files for their own share.
On the seller's side, one Form 141 can cover multiple deductees only if they fall in the same category, corporate or non-corporate, and the tax was deducted in the same month. If you are buying from two co-owners who are both individuals and you deduct for both in the same month, check whether one form can cover both; if the categories or months differ, you will need separate forms.
Work this out with your co-buyer before the payment schedule is final. Decide in writing who pays which instalment from which account, because each deductor files for their own share, and a mismatch between who paid and who filed is exactly the kind of error that later needs a correction on TRACES. A home bought on construction linked payments may involve deductions in several different months, and each month needs its own form under the portal's rules.
How do you fix a mistake or get the TDS certificate?
Corrections are not made on the e-filing portal. The FAQs say corrections can be made only through the TDS-TRACES portal, and you need to register on TRACES as a taxpayer to do it. The TDS certificate is also downloaded from TDS-TRACES.
That makes accuracy at the first attempt worth the effort. Before you submit, check the seller's PAN, the deductee category, the amount paid, the date of payment and the tax deducted against your sale agreement and bank records. If you are paying a builder in instalments, match each instalment and its deduction month exactly.
Once the certificate is available, download it and give it to the seller for their records and tax filing.
Keep your own file too. Save the Form 141 acknowledgement, the payment confirmation, the SMS and email confirmations the portal sends, the downloaded certificate, and a copy of the sale agreement page showing the price and payment schedule. If a question arises later, from the seller, your lender or the tax department, that file answers it in minutes.
What about buying from a seller who lives abroad?
The same Form 141 also has a Schedule E for purchases of property where the seller is a non-resident, and the portal notes 1 October 2026 as the effective date for Schedule E. For Schedule E as well, the buyer is the deductor and the seller is the deductee.
Buying from a non-resident seller may involve different rates and procedure from a resident seller purchase, so take specific advice before you pay. Our earlier guide to buying property from an NRI seller in Bengaluru covers the wider issues, and you should confirm on the portal how Schedule E applies to your transaction.
What should a Bengaluru buyer do before paying the seller?
Treat the tax deduction as part of the payment plan, not an afterthought on registration day. If you are buying an under construction home in a project such as Brigade Eldorado in Bagalur, ask the builder for its PAN and category early, since each instalment may involve a deduction.
- Confirm whether the seller is resident or non-resident, since that decides the schedule.
- Collect the seller's PAN and check the fourth character to pick the deductee category.
- Confirm the applicable rate and any threshold for your purchase on the portal or with an adviser.
- Make sure your own PAN login on the e-filing portal works before payment day.
- Agree with any co-buyer who will deduct and file for which share.
- Pay and file within the deadlines counted from the end of the month of deduction.
- Register on TDS-TRACES, download the certificate and hand it to the seller.
For background on tax deduction on property purchases, see our earlier guide to TDS on property purchases in Bengaluru, and use the portal for the current form and route.
What do buyers ask most about Form 141?
Has Form 26QB been replaced for TDS on property purchases?
Yes, for deductions under the Income-tax Act, 2025. The income tax e-filing portal says Form 141 is the unified challan cum statement under Section 393(1) and merges Forms 26QB, 26QC, 26QD and 26QE. A purchase from a resident seller is reported in Schedule B, Table Serial Number 3(i).
Who files Form 141 when buying a flat, the buyer or the seller?
The buyer. For Schedule B, the portal states that the buyer or purchaser of the property is the deductor and the seller is the deductee. The buyer files Form 141 through PAN login on the e-filing portal and later gives the seller the TDS certificate downloaded from TDS-TRACES.
What is the deadline to pay TDS through Form 141?
Payment is due within 30 days from the end of the month in which the deduction is made, and the challan cum statement must be furnished within one month from the end of that month. If you pay a builder in instalments across months, each month's deduction runs on its own deadline.
Do joint buyers file one Form 141 or two?
The e-filing portal says each deductor must file a separate Form 141 for their respective share. So joint buyers who each pay part of the price each file their own form. One form can cover several sellers only if they are in the same category and deducted in the same month.
Last updated 2026-10-16. PropNewz Team.
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