New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statement

The Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form simplifies TDS filing for various transactions including rent, property purchase, professional payments, and virtual digital asset transfers. It aims to enhance clarity and reduce duplication in reporting.

from Tax-Wealth-Economic Times https://ift.tt/aklJI0M