Form No. 140 (Earlier Form No. 26Q)

Form No. 140 – Frequently Asked Questions

Quarterly statement of Deduction of Tax under section 397(3)(b) of the Income-tax Act, 2025 in respect of payments made other than salary to resident deductee

Name of form as per I.T. Rules, 1962	26Q	Name of form as per I.T. Rules, 2026	140
Corresponding section of I.T. Act, 1961	200(3)	Corresponding section of I.T. Act, 2025	397(3)(b)
Corresponding Rule of I.T. Rules, 1962	31A	Corresponding Rule of I.T. Rules, 2026	219

1. What is Form No. 140?

Ans: Form No. 140 is a quarterly statement filed by deductors responsible for deduction of tax at source on non-salary payments such as commission, brokerage, professional fees, rent, etc. made to residents.

2. Who is required to file Form No. 140?

Ans: Every person (company, firm, partnership, government, individual, etc.) responsible for making non-salary payments to a resident on which tax is deductible.

3. Is filing of Form No. 140 mandatory?

Ans: Any deductor who is required to deduct tax on non-salary payments made to residents, must file Form No. 140 for the relevant quarter(s).

4. What is the time limit for filing Form No. 140?

Ans: Form No. 140 is to be filed quarterly:

Quarter	Period	Due Date
Q1	Apr – Jun	31st July of the Financial Year
Q2	Jul – Sep	31st October of the Financial Year
Q3	Oct – Dec	31st January of the Financial Year
Q4	Jan – Mar	31st May of the Financial Year immediately following the Tax Year in which deduction is made

5. Is it mandatory to file Form No. 140 in electronic format?

Ans: Yes. As per the Income-tax Rules, all TDS/TCS statements including Form No. 140 must be furnished electronically in the prescribed format.

6. Can Form No. 140 be edited after submission?

Ans: No. Form No. 140 once submitted, cannot be edited. However, in order to correct or update the details in an already submitted Form No. 140, the deductor is allowed to file a correction statement once the previously submitted statement has been processed by CPC-TDS.

7. What is the time limit for filing the correction statement?

Ans: Within two years from the end of the tax year in which the statement was required to be delivered. For example, the correction statement in respect of Form No. 140 for the Quarter 2 of Tax Year 2026-27 can be filed upto 31.03.2029.

8. How will deductor know whether the Form No. 140 filed by him has been accepted by the Income-tax Department?

Ans: After filing Form No. 140 on the TRACES portal of Income-tax Department, the deductor receives an Acknowledgment Receipt Number (ARN) on successful submission of the Form.

9. Why filing of Form No. 140 in a timely and accurate manner is important?

Ans: Filing of Form No. 140 in a timely and accurate manner is important as:

⮚ It will ensure that accurate and complete tax credit is passed onto the deductees. Consequently, it will also eliminate scope for deductee related grievances.

⮚ The deductor would be able to avoid legal challenges associated with noncompliance including late filing fee u/s 427 and penal proceedings u/s 461 and 465(2)(g).

Tax deduction statement filing governs quarterly reporting, electronic submission, correction limits, and acknowledgment for non-salary resident payments. Form No. 140 is the quarterly electronic statement of deduction of tax at source for non-salary payments made to resident deductees, and it is mandatory for all deductors responsible for such payments. It must be filed within the prescribed quarterly due dates, cannot be edited after submission, and corrections may be filed only after processing by CPC-TDS within the specified two-year time limit. Successful filing on the TRACES portal generates an Acknowledgment Receipt Number.