Rule 219: Quarterly TDS/TCS statements and Form No. 141
Rule 219 sets out the quarterly statements of tax deducted or collected at source under section 397(3)(b), their due dates, the Form No. 141 challan-cum-statement cases, refund claims in Form No. 139 and the superannuation fund statement. Notification 121/2026 amended sub-rules (5) and (8) from 1 October 2026.
Official notified Income-tax Rules, 2026Need advice on Rule 219?
This article is for general information. Read the official Rules and applicable Act amendments, including the Taxation and Other Laws (Amendment) Act, 2026. If you need professional advice for your situation, contact Bizeneed.
On this page
- Bare law
- Quarterly statements: sub-rule (1)
- Exchanges for virtual digital assets: sub-rules (2), (3) and (9)
- Due dates: sub-rule (4)
- Form No. 141 cases: sub-rule (5)
- Refunds and superannuation funds: sub-rules (6) to (8)
- Note on sub-rule (8)
- Key takeaways
- Practical checklist
- FAQs
- Glossary
- Official sources
- Related rules
Bare law
Rule 219 - Statement of deduction or collection of tax at source under section 397(3)(b)
(1) Every person responsible for deduction of tax or collection of tax at source under Chapter XIX-B of the Act with respect to the sections referred in column B of the following Table, shall, as per section 397(3)(b), deliver, or cause to be delivered, to the Director General of Income-tax (Systems) or the person authorised by him, the quarterly statements in the Form as referred to in column C thereof:
Table under sub-rule (1) Sl. No. Section under which tax deducted, paid or collected Form No. A B C 1 Section 392 [other than section 392(7)] and section 393(1) [Table: Sl. No. 8(iii)]. 138. 2 Sections 392(7), 393(2) and 393(3), in respect of the deductee who is a non-resident, not being a company or a foreign company or a resident but not ordinarily resident. 144. 3 Sections 392(7), 393(1) (other than [Table: Sl. No. 8(iii)]) and 393(3), in respect of the deductee other than the deductee referred to in Sl. No. 2. 140. 4 Section 394(1). 143. (2) Where under the guidelines issued under section 400(2) read with section 393(1) [Table: Sl. No. (8)(vi)], the exchange has agreed to pay tax in relation to a transaction of transfer of a virtual digital asset, owned by it, as an alternative to tax required to be deducted by the buyer of such asset under section 393(1) [Table: Sl. No.(8)(vi)], the exchange shall deliver or cause to be delivered, a quarterly statement of such transactions in Form No. 142.
(3) The exchange referred to in sub-rule (2) shall, at the time of preparing the quarterly statement in Form No. 142, furnish particulars of the amount paid or credited, on which tax was not deducted in accordance with guidelines issued under section 400(2).
(4) The statements referred to in sub-rules (1) and (2) for the quarter of the financial year ending with the date specified in column B of the following Table shall be furnished by the due date specified in the corresponding entry in column C thereof:
Table under sub-rule (4) Sl. No. Date of ending of quarter of financial year Due date A B C 1. 30th June. 31st July of the financial year. 2. 30th September. 31st October of the financial year. 3. 31st December. 31st January of the financial year. 4. 31st March. 31st May of the financial year immediately following the tax year in which the deduction or collection, as the case may be, is required to be made. (5) Irrespective of anything contained in sub-rule (1) or (2) or (4), a challan-cum-statement in Form No. 141 shall be furnished within thirty days from the end of the month in which the deduction is made by the person responsible for deduction of tax under the following sections: (a) section 393(1) [Table Sl. No. (2)(i)]; (b) section 393(1) [Table Sl. No. (3)(i)]; (c) section 393(1) [Table Sl. No. (6)(ii)]; (d) section 393(1) [Table Sl. No. (8)(vi)]; and (e) section 393(2) [Table Sl. No. 17], where a resident individual or Hindu undivided family is required to deduct tax at source on any consideration on transfer of any immovable property.
(6) A claim for refund, for the sum paid to the credit of the Central Government under Chapter XIX-B of the Act shall be furnished by the deductor in Form No. 139.
(7) In cases, where the trustees of an approved superannuation fund pay any contributions made by an employer, including interest on such contributions, to an employee during his life-time, they shall send within two months from the end of the financial year to the Director General of Income-tax (Systems) or the person authorised by him, a statement giving the following particulars:— (a) name of the superannuation fund; (b) name and address of the employee; (c) the period for which the employee has contributed to the superannuation fund; (d) the amount of contribution repaid on account of principal and interest; (e) the average rate of deduction of tax during the preceding three years; and (f) the amount of tax deducted on repayment.
(8) A duly-signed verification in the following Form shall be annexed to the statement referred to in sub-rule (7): FORM OF VERIFICATION We/I, the trustee(s) of the above named fund, do declare that what is stated in the above statement is true to the best of our/my information and belief.
(9) For the purposes of sub-rule (2),— (a) "exchange" means a person that operates an application or platform for transfer of virtual digital assets, which matches buy and sell trades and execute the same on their application or platform; and (b) "virtual digital asset" shall have meaning assigned to it in section 2(111).
Rule breakdown
Quarterly statements: sub-rule (1)
Form No. 138 covers section 392 (other than 392(7)) and section 393(1) [Table: Sl. No. 8(iii)]. Form No. 144 covers sections 392(7), 393(2) and 393(3) for non-resident deductees (other than a company), foreign companies and residents but not ordinarily resident. Form No. 140 covers the other deductees. Form No. 143 covers section 394(1).
Exchanges for virtual digital assets: sub-rules (2), (3) and (9)
An exchange that pays tax under section 400(2) guidelines instead of the buyer deducting it delivers a quarterly statement in Form No. 142, with particulars of amounts on which tax was not deducted.
Due dates: sub-rule (4)
Quarters ending 30th June, 30th September and 31st December: 31st July, 31st October and 31st January. Quarter ending 31st March: 31st May of the financial year immediately following the tax year.
Form No. 141 cases: sub-rule (5)
For deductions under section 393(1) [Table Sl. No. (2)(i), (3)(i), (6)(ii) and (8)(vi)], a challan-cum-statement in Form No. 141 is furnished within thirty days from the end of the month of deduction instead of a quarterly statement.
From 1 October 2026, Notification 121/2026 added clause (e): section 393(2) [Table Sl. No. 17], where a resident individual or Hindu undivided family is required to deduct tax at source on consideration on transfer of any immovable property.
Refunds and superannuation funds: sub-rules (6) to (8)
A deductor claims refund of sums paid under Chapter XIX-B in Form No. 139. Trustees of an approved superannuation fund that repays contributions to an employee during his life-time send a statement within two months from the end of the financial year, with a signed verification in the form set out in sub-rule (8).
Note on sub-rule (8)
Notification 121/2026 directs that in sub-rule (8) "sub-section (1)" be replaced by "sub-section (7)". The base text of sub-rule (8) reads "sub-rule (1)". This page shows the reference as "sub-rule (7)", the superannuation statement to which the trustees' verification relates. Check the official notification for the exact wording.
Key takeaways
Quarterly forms
Forms No. 138, 140, 143 and 144, and Form No. 142 for exchanges.
Due dates
31st July, 31st October, 31st January and 31st May.
Form No. 141
From 1 October 2026 also used by resident individuals/HUFs deducting under section 393(2) [Table Sl. No. 17] on immovable-property consideration.
Practical checklist
- Pick the quarterly form by section and deductee status under the Rule 219(1) Table.
- Use Form No. 141 instead of a quarterly statement for the sub-rule (5) cases.
Avoid
- Do not miss the 31st May date for the last quarter.
FAQs
What is the due date for the January-March quarter statement?
31st May of the financial year immediately following the tax year in which the deduction or collection is required to be made (Rule 219(4)).
Which form is used for TDS on payments to non-resident deductees?
Form No. 144, for sections 392(7), 393(2) and 393(3) where the deductee is a non-resident (other than a company), a foreign company or a resident but not ordinarily resident.
What changed on 1 October 2026?
Rule 219(5) now also covers section 393(2) [Table Sl. No. 17], where a resident individual or Hindu undivided family deducts tax on consideration on transfer of any immovable property. Such deductors furnish Form No. 141 within thirty days from the end of the month of deduction.
How does a deductor claim a refund of excess TDS paid?
In Form No. 139 under Rule 219(6).
Glossary
- Quarterly statement
- The TDS/TCS statement delivered under section 397(3)(b).
- Form No. 141
- Challan-cum-statement for the Rule 219(5) cases, due within thirty days from month-end.