As per Income tax Act, 2025 New Forms as against older form are as follows –
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| Description | Income tax Act, 1961: Existing Forms (Applicable for Transactions up to 31st March 2026) | Income tax Act, 2025: New Forms (Applicable for Transaction from 1st April 2026 onwards) |
| TDS Statement – Salary | Form 24Q | Form No. 138 |
| TDS Statement – Non-Salary Payments | Form 26Q | Form No. 140 |
| TDS Statement – Non-residents (Other than Salary) | Form 27Q | Form No. 144 |
| TCS Statement | Form 27EQ | Form No. 143 |
Please Note:
- Applicability of forms shall be determined based on the Transaction Date
- The above form applicability covers both Regular Statements and Correction Statements
- Under the Income-tax Act, 2025, the term “Financial Year (FY)” has been replaced with “Tax Year (TY)”.
Source: protean
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