Salary, contractor, professional, rent, property and non-resident TDS — handled cleanly under Chapter XIX-B with the new Forms 138, 140, 141, 144 and certificates Form 130, 131, 132, 133.
From 1 April 2026, the 1961 Act is repealed and Section 393 consolidates the entire 194-series into one umbrella with payment codes 1001–1092. We handle the transition end-to-end — system mapping, vendor master updates, deductee classification, return filing, certificate issuance and notice defence. Trusted by 5,000+ corporates, NRIs, freelancers, IT pros and HNIs since 2013.
Income-tax Act 2025 · Effective 1 April 2026
A practitioner's reference for the transition from the 1961 Act to the 2025 Act. Verified against ICAI and CBDT publications.
| Old Reference (1961 Act) | New Reference (2025 Act) | Purpose | |
|---|---|---|---|
| Section 192 / 192B | → | Section 392Salary TDS — slab-based deduction by employers | All salary & pension TDS by employers; methodology unchanged. |
| Section 194A | → | Section 393(1)Sl. No. 2 · payment code in 1001–1092 range | TDS on interest other than securities (banks, NBFCs, etc.). |
| Section 194C | → | Section 393(1)Sl. No. 6(i) · payment code 1017 | TDS on payments to contractors & sub-contractors (now explicitly includes manpower supply). |
| Section 194H | → | Section 393(1)relevant Sl. No. + payment code | TDS on commission & brokerage. |
| Section 194I (a) & (b) | → | Section 393(1)relevant Sl. No. + payment code | TDS on rent — plant & machinery, land, building, furniture. |
| Section 194-IA | → | Section 393(3)filed via Form 141 (Schedule B) | TDS on purchase of immovable property (above ₹50 lakh) — TAN no longer required for resident-to-resident. |
| Section 194-IB | → | Section 393(3)filed via Form 141 (Schedule A) | TDS on rent paid by individuals/HUF (no TAN required). |
| Section 194J | → | Section 393(1)relevant Sl. No. + payment code | TDS on professional/technical fees (used heavily for freelancers, consultants, IT pros). |
| Section 194Q | → | Section 393(1)relevant Sl. No. + payment code | TDS on purchase of goods (turnover above ₹10 cr). |
| Section 194S | → | Section 393(1)Sl. No. 8(vi) · filed via Form 141 (Schedule E) | TDS on transfer of Virtual Digital Assets (crypto, NFTs). |
| Section 194T | → | Section 393(3)Sl. No. 7 · 10% TDS, ₹20,000 threshold | TDS on partner payments (salary, commission, bonus, interest) — codified into main table. |
| Section 195 | → | Section 393(2)non-resident payments table | TDS on any sum payable to non-residents (royalty, technical fees, capital gains, etc.). |
| Section 197 | → | Section 395Form 121 for self-declaration | Lower / Nil deduction certificate. Existing 197 certificates remain valid for projected 2026-27 receivables. |
| Section 206C | → | Section 394TCS table | Tax Collected at Source — including TCS on LRS remittance, motor vehicle, scrap, etc. |
| Section 206AB / 206CCA | → | Section 397(2)higher TDS for inoperative PAN | Higher TDS rate where deductee's PAN is inoperative or non-filer. |
| Old Form | New Form (Rules 2026) | Purpose | |
|---|---|---|---|
| Form 24Q | → | Form 138Section 392 · quarterly | Quarterly TDS return for salary deductions. |
| Form 26Q | → | Form 140Section 393(1) · quarterly | Quarterly TDS return for non-salary payments to residents. |
| Form 27Q | → | Form 144Section 393(2) · quarterly | Quarterly TDS return for payments to non-residents (royalty, technical fees, NRI rent, etc.). |
| Form 27EQ | → | Form 143Section 394 · quarterly | Quarterly TCS return. |
| Form 26QB / 26QC / 26QD / 26QE | → | Form 141 (unified)Schedules A · B · C · D · E | Single challan-cum-statement for property purchase, rent by individuals, contractor/professional payments by individuals, and VDA/crypto TDS. |
| Form 26QF | → | Form 142quarterly | Quarterly statement of TDS on transfer of Virtual Digital Assets (exchanges). |
| Form 26B | → | Form 139refund claim | Application for refund of excess TDS deposited. |
| Form 24G | → | Form 137government deductors | TDS/TCS book adjustment statement (for government deductors). |
| Form 49B (TAN) | → | Form 134 / 135application for TAN | Application for allotment / change of TAN. |
| Form 26AS | → | Form 168annual tax credit statement | Comprehensive tax credit statement — TDS, TCS, advance tax, foreign income, all in one. |
| Form 12BB | → | Form 124investment declaration | Employee declaration for investment proofs & allowances claimed. |
| Old Certificate | New Certificate | Issuance Timeline | |
|---|---|---|---|
| Form 16 | → | Form 130Section 395 · annual | Salary TDS certificate. Due 15 June 2027 for Tax Year 2026-27 salary income. Issued after Form 138 filing. |
| Form 16A | → | Form 131quarterly | Non-salary TDS certificate. Issued within 15 days of Form 140 filing — i.e. 15 Aug, 15 Nov, 15 Feb, 15 Jun. |
| Form 16B / C / D / E | → | Form 132property · rent · VDA | TDS certificate for transactions filed via Form 141 — issued within 15 days of challan-cum-statement filing. |
| Form 27D | → | Form 133Section 394 · quarterly | TCS certificate. Issued within 15 days of Form 143 filing. |
| Nature of Payment | Section | TDS Rate | Threshold |
|---|---|---|---|
| Salary (employer to employee) | Section 392was 192 | As per slab | Basic exemption limit |
| Interest from bank / NBFC | Section 393(1)was 194A | 10% | ₹50,000 (₹1,00,000 for senior citizens) |
| Contractor payments | Section 393(1) Sl. 6(i)was 194C | 1% (Indl/HUF) / 2% (others) | ₹30,000 single / ₹1,00,000 aggregate |
| Professional / technical fees | Section 393(1)was 194J | 10% (2% for tech fees) | ₹50,000 per FY |
| Commission / brokerage | Section 393(1)was 194H | 2% | ₹20,000 per FY |
| Rent — plant & machinery | Section 393(1)was 194I(a) | 2% | ₹6,00,000 per FY |
| Rent — land/building/furniture | Section 393(1)was 194I(b) | 10% | ₹6,00,000 per FY |
| Rent paid by individual/HUF | Section 393(3)was 194-IB · Form 141 | 2% | ₹50,000 per month |
| Property purchase (resident seller) | Section 393(3)was 194-IA · Form 141 | 1% | ₹50,00,000+ value |
| VDA / crypto transfer | Section 393(1) Sl. 8(vi)was 194S | 1% | ₹50,000 (specified persons) / ₹10,000 (others) |
| Partner payments by firm/LLP | Section 393(3) Sl. 7was 194T | 10% | ₹20,000 aggregate |
| Purchase of goods | Section 393(1)was 194Q | 0.1% | ₹50,00,000 (turnover > ₹10 cr) |
| Payment to non-resident | Section 393(2)was 195 | As per Act / DTAA | No threshold (unless specified) |
| TCS — LRS remittance | Section 394was 206C(1G) | 5% / 20% | ₹10,00,000 per FY |
| Inoperative PAN | Section 397(2)was 206AA / 206AB | 20% or twice the rate | Whichever is higher |
From employer payroll to NRI property sale, from a freelancer's first 194J equivalent to a corporate's quarterly Form 140 — every TDS scenario, one trusted team.
Quarterly Form 138 (was Form 24Q) for all employer salary deductions. Includes Form 130 (was Form 16) issuance to employees by 15 June 2027.
Form 140 (was Form 26Q) — contractor, professional, rent, commission, interest. We map every vendor to the correct Section 393 sub-clause and payment code.
Unified Form 141 for property buyers, individual tenants, HUF deductors and crypto/VDA transactions — replacing four legacy forms (26QB/C/D/E).
Form 144 (was 27Q) for payments to non-residents — royalty, technical fees, NRI rent, NRI property sale, dividends. Integrated with DTAA & Form 145/146.
Section 395 application (was Section 197) for lower or zero TDS. Critical for NRIs selling property, exporters, refund-loss-relief claims and start-ups.
Form 143 (was 27EQ) for TCS — LRS remittance, motor vehicle > ₹10L, scrap, foreign tour packages, e-commerce operators & specified goods.
Section 234E late filing fees, Section 201(1A) interest defaults, short deduction, short payment, PAN errors, challan mismatches — full reply & remediation.
Form 168 (was Form 26AS) and AIS reconciliation against books — catch missing credits, mismatched PANs and unreported transactions before they become a notice.
One-time setup to migrate your accounting / ERP from old section codes (194C, 194J, etc.) to new Section 393 sub-clauses with payment codes 1001–1092.
Tax Year 2026-27 timelines under the Income-tax Rules 2026 (Rule 218 — corresponding to old Rule 30).
All prices are "₹X onwards" — final fee depends on volume, deductee count and complexity. WhatsApp us for a written, fixed quote in 15 minutes.
Complete employer salary TDS — quarterly Form 138 filing, Form 130 (was Form 16) generation, monthly deposit reminders and old-vs-new regime tax projection for employees.
Quarterly Form 140 filing (was Form 26Q) for contractor, professional, rent, commission & interest payments. Includes Section 393 sub-clause mapping & Form 131 issuance.
Unified Form 141 for property buyers, individual tenants and crypto/VDA transactions — replacing legacy 26QB / 26QC / 26QD / 26QE. Includes Form 132 certificate.
Form 144 (was 27Q) for payments to non-residents. Integrated with DTAA rate optimisation and Form 145/146 foreign remittance compliance.
Section 395 application for reduced or zero TDS — invaluable for NRIs selling Indian property, exporters, refund-loss claimants and growth-stage startups.
Reply to TDS demand, justification report defaults, late filing fees, short deduction, PAN errors and TRACES corrections — both old (1961 Act) and new regime defaults.
Most CA firms are still using old templates. We are already filing Tax Year 2026-27 returns under the new Act.
Our software, vendor master and SOPs were updated for Section 393 codes long before 1 April 2026. Zero validation errors at filing.
FCA, LLM and IIT-grade strategy under one roof. Every TDS engagement gets the right founder's attention.
Standard quarterly returns filed within 24 hours of receiving documents. Notice replies within 48 hours of receipt.
Document upload, status updates, certificates and queries — all on WhatsApp. No portal logins, no email chasing.
Five steps. No portal logins from your side. Most quarterly filings completed within 24 hours of receiving documents.
Send a message to +91-9266242424 with a one-line description. Our team responds within working hours.
15-minute call to understand deductee count, transaction types and your existing system. Fixed written quote within the same day.
Share challans, vendor list and previous returns on WhatsApp or our encrypted portal. We classify, map & validate.
Pre-filing review on a live call. Once approved, we file Form 138/140/141/143/144 and share TRACES acknowledgement.
Form 130/131/132/133 generated within 15 days. Year-round notice support and Form 168 reconciliation included.
Tax Deducted at Source (TDS) is a critical mechanism used by the Indian Income Tax Department to collect tax right at the source of income. For businesses, deductors, and individuals executing high-value transactions (like purchasing property), managing TDS compliance is a serious responsibility. From correctly calculating deduction rates to depositing the tax on time and issuing certificates, the margin for error is razor-thin.
If you are looking for a reliable TDS Consultant in Dwarka Delhi to handle your corporate or individual compliance, Wealth4India offers expert, end-to-end solutions to keep you completely penalty-free.
Failing to deduct TDS, delaying its deposit, or submitting inaccurate returns can lead to severe consequences. The Income Tax Department imposes hefty interest penalties on late deposits, and late filing fees can accumulate rapidly at ₹200 per day. Furthermore, errors in quoting PAN numbers can lead to mismatches, resulting in stressful compliance notices.
By partnering with an experienced TDS Return Consultant in Dwarka, you eliminate these operational risks. At Wealth4India, we streamline the entire lifecycle of your tax deductions. We ensure that your business accurately identifies applicable transactions, applies the correct percentage rates, and executes error-free data processing every single quarter.
We cater to all corporate, institutional, and individual deductors with a full suite of services, including:
• Quarterly TDS Return Filing: Meticulous preparation and filing of Form 24Q (for salaries), Form 26Q (for non-salary payments), and Form 27Q (for payments to non-residents). • TDS on Property (Form 26QB): Expert assistance for individual homebuyers to deduct and deposit TDS accurately during real estate transactions. • Challan Verification & Correction: Prompt rectification of any errors in previous challan deposits or PAN updates. • Form 16 & 16A Generation: Timely download and issuance of digitally signed TDS certificates for your employees and vendors.In the digital era, corporate compliance should be efficient and asset-light. Wealth4India brings maximum convenience to your doorstep with our secure Online TDS Return Filing in Dwarka. You can share your transaction data and deducee details through our protected digital channels. Our experts validate the data, reconcile it with your bank challans, and upload the return directly to the NSDL portal, saving you valuable time and effort.
Don't let compliance tracking divert your attention from growing your enterprise. When you choose Wealth4India for your TDS Return Filing in Dwarka, you gain the peace of mind that comes with certified financial supervision.
Take the Stress Out of Tax Deductions!
Protect your business from late fees and interest penalties today. Contact Wealth4India, the premier provider of TDS Filing Services in Dwarka, and let our specialists manage your quarterly compliances seamlessly.
In the digital era, corporate compliance should be efficient and asset-light. Wealth4India brings maximum convenience to your doorstep with our secure Online TDS Return Filing in Dwarka. You can share your transaction data and deducee details through our protected digital channels. Our experts validate the data, reconcile it with your bank challans, and upload the return directly to the NSDL portal, saving you valuable time and effort.
Don't let compliance tracking divert your attention from growing your enterprise. When you choose Wealth4India for your TDS Return Filing in Dwarka, you gain the peace of mind that comes with certified financial supervision.
Take the Stress Out of Tax Deductions!
Protect your business from late fees and interest penalties today. Contact Wealth4India, the premier provider of TDS Filing Services in Dwarka, and let our specialists manage your quarterly compliances seamlessly.
Plain-language answers based on the Income-tax Act 2025, Income-tax Rules 2026 and CBDT FAQs.
The Income-tax Act 2025, effective 1 April 2026, consolidates all TDS provisions. Section 392 covers salary TDS (replacing Section 192/192B). Section 393 is a single umbrella for all non-salary TDS, with sub-clauses and payment codes 1001 to 1092 — consolidating Sections 194A through 194T and Section 195 of the old Act. Section 394 covers TCS (replacing Section 206C). The Chapter has moved from XVII-B to Chapter XIX-B. Rates and thresholds are largely unchanged.
Form 138 is the new quarterly salary TDS return (was Form 24Q). Form 140 is the new non-salary TDS return for residents (was Form 26Q). Form 141 is the new unified challan-cum-statement replacing four legacy forms — 26QB (property), 26QC (rent by individuals), 26QD (contractor/professional payments by individuals/HUF) and 26QE (VDA). Form 144 is the new TDS return for payments to non-residents (was Form 27Q). All four are notified under the Income-tax Rules 2026.
Form 130 replaces Form 16 — the annual salary TDS certificate, due by 15 June 2027 for Tax Year 2026-27. Form 131 replaces Form 16A — the quarterly non-salary TDS certificate, issued within 15 days of Form 140 filing. Form 132 replaces Forms 16B/C/D/E for Form 141 transactions (property, rent, VDA). Form 133 replaces Form 27D for TCS. Issuing a document labelled "Form 16" for Tax Year 2026-27 salary income is technically non-compliant.
Under the new Act, every non-salary TDS transaction must be reported with a four-digit payment code (1001–1092 range) along with the relevant Sl. No. under Section 393. For example, contractor payments (was Section 194C) are reported as Section 393(1) Sl. No. 6(i) with payment code 1017. Quoting old section numbers like 194C, 194J or 195 on returns for transactions on/after 1 April 2026 will trigger validation errors at upload time. Your accounting system or ERP must be updated before Q1 Tax Year 2026-27 filing.
The governing Act depends on the earlier of credit or payment. If the earlier event is on or before 31 March 2026, the Income-tax Act 1961 applies and old forms (24Q/26Q/27Q/27EQ) are used. If the earlier event is on or after 1 April 2026, the Income-tax Act 2025 applies and new forms (138/140/144/143) are used. Example: Professional fee credited 28 March 2026 but paid 5 April 2026 → 1961 Act applies (since credit is the earlier event).
No. The Income-tax Act 2025 is a structural consolidation, not a rate revision. TDS rates and monetary thresholds remain materially the same as the 1961 Act. Only the legal architecture has changed — section numbering, form numbers, payment codes and chapter reference. The deductor's economic obligation is unchanged; only the compliance language and codes are new.
Lower or Nil TDS certificate is now governed by Section 395 of the Income-tax Act 2025 (replacing Section 197 of the old Act). Residents can also self-declare Nil deduction via Form 121 for specified categories. Important: Existing certificates issued under Section 197 of the 1961 Act for projected receivables of Tax Year 2026-27 remain valid — there is no need to re-apply. NRIs selling property, exporters and growth-stage startups commonly use Section 395 to avoid working-capital lock-in.
Yes for businesses, employers and most deductors — TAN remains the primary identifier for filing Form 138/140/144. However, individuals/HUF filing Form 141 (property purchase, rent, VDA) do not need a TAN — PAN suffices. A new relaxation under the 2025 Act: residents purchasing property from non-resident sellers can now use their PAN (no separate TAN required) — a significant ease for NRI-seller property transactions.
Section 234E levies a fee of ₹200 per day until the TDS return is filed (capped at the TDS amount). Section 271H may impose a penalty of ₹10,000 to ₹1,00,000 for non-filing or incorrect filing. Section 201(1A) levies 1% per month interest on short deduction and 1.5% per month on short payment. We help draft justification petitions and secure waivers where the law permits — particularly for first-time defaults and reasonable-cause situations.
Freelancers, IT consultants and content creators receive payments where TDS has been deducted (typically under what was Section 194J — now Section 393(1)). Form 131 (was Form 16A) is your TDS certificate, and Form 168 (was Form 26AS) is your tax credit statement. We handle the full cycle for creators — TDS reconciliation, Section 44ADA presumptive ITR, GST registration on digital services, AdSense / sponsorship income reporting and foreign remittance compliance under the new Act.
Standard quarterly filings (Form 138, 140) are completed within 24 hours of receiving complete documents. Form 141 property/rent filings within same day. Form 144 non-resident filings (with DTAA documentation) within 48 hours. WhatsApp us at +91-9266242424 with your details — fixed written quote in 15 minutes.
TDS quarterly returns start at ₹1,499 onwards (Form 140), ₹2,499 onwards (Form 138, salary), ₹4,999 onwards (Form 144, non-resident). Form 141 property/rent filings start at ₹1,999 onwards. Lower deduction certificate (Section 395) starts at ₹4,999 onwards. Notice reply at ₹4,999 onwards. Annual business retainers start at ₹15,000 onwards per quarter covering all forms, certificates and unlimited consultation. WhatsApp us for a fixed quote.
Whether you're a corporate moving 500 vendors to Section 393 codes, an NRI selling property under the new Form 144 + 145/146 stack, or a freelancer reconciling Form 168 — get a real-person answer in 15 minutes.