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Home/Business/Economy/New TDS Forms 138 & 140 Replace 24Q & 26…

New TDS Forms 138 & 140 Replace 24Q & 26Q

Economy
By ThePip Desk•
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Two men in an office reviewing stacks of papers, one pointing at a document marked with a red 'X'.

Government officials review new tax forms.

Key Highlights

New TDS rules: Forms 138 and 140 replace 24Q and 26Q for streamlined reporting. Stay compliant with the latest changes in Tax Deducted at Source.

The government has introduced new Forms 138 and 140 for Tax Deducted at Source (TDS) reporting. These forms replace the previously used Forms 24Q and 26Q.

The introduction of these new forms aims to streamline the TDS reporting process.

Taxpayers and entities responsible for TDS and Tax Collected at Source (TCS) should familiarize themselves with the new forms and their requirements to ensure compliance.

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