Now Reading: TDS form numbers changed under new Income Tax Act, deadlines loom
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TDS form numbers changed under new Income Tax Act, deadlines loom
The Story in Brief
Taxpayers and deductors face multiple TDS and TCS compliance deadlines under the new form numbers introduced by the Income-tax Act, 2025, Mint and Business Today report. By October 31, employers and deductors must file quarterly TDS and TCS statements for the July to September quarter. The renumbered forms include Form 138 (old 24Q) for salary TDS, Form 140 (old 26Q) for non-salary payments to residents, and Form 143 (old 27EQ) for TCS, among others.
By October 30, the consolidated Form 141, which replaces four old challan-cum-statements for specified transactions such as property purchases and virtual digital asset transfers, is also due for September. Business Today adds that TDS deducted in October must be deposited by November 7, and TDS certificates for the July to September quarter must be issued by November 15. Delayed filing may attract a late fee of ₹200 per day plus interest and penalties.
Indian Opinion Analysis
Both Mint and Business Today report the same numerical deadlines and form changes under the Income-tax Act, 2025, with no difference in factual coverage. Mint provides a broader explanatory guide listing all renumbered forms and their old equivalents, while Business Today focuses exclusively on October and November filing due dates. The coverage is uniform straight reporting, neither outlet offers commentary or editorial framing. Taxpayers face the October 31 deadline for quarterly TDS and TCS statements under forms 138, 140, 144 and 143, and have until October 30 to file the consolidated Form 141 for September transactions. Business Today adds the November 7 TDS deposit deadline and the November 15 certificate-issuance deadline.
Coverage: 2 sources, 2 neutral
Sources (2): livemint.com (neutral report), businesstoday.in (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 28 October 2026: this story now draws on 2 sources.
