What is Form 140?

Form 140:

Form 140 is used to file quarterly TDS returns for tax deducted on payments other than salary. It is filed by the deductor to report tax deducted at source (TDS) under Section 393 of the Income Tax Act, 2025.

New Section of Form 140:-

New Section	Nature of Payment
392(7)	Any payment of the accumulated balance due to an employee
393(1)1(i)	Commission or brokerage – insurance
393(1)1(ii)	Commission or brokerage – others
393(1)2(ii)D(a)	Rent on machinery, plant, or equipment – specified person
393(1)2(ii)D(b)	Rent other than machinery, plant, or equipment – specified person
393(1)3(ii)	Payment of consideration (other than consideration in kind) under the agreement referred to in section 67(14)
393(1)3(iii)	Payment of compensation on acquisition of certain immovable property
393(1)4(i)	Income payable to a resident assessee in respect of units of a specified mutual fund, specified undertaking, or specified company
393(1)4(ii)	Income in the form of interest from units of a business trust to a resident unit holder
393(1)4(ii)	Income in the form of a dividend from units of a business trust to a resident unit holder
393(1)4(iii)	Income (other than exempt income) in respect of units of an investment fund payable to its unit holder
393(1)4(iv)	Income in respect of an investment in a securitisation trust payable to an investor
393(1)5(i)	Income by way of interest on securities
393(1)5(ii)D(a)	Interest other than interest on securities – senior citizen
393(1)5(ii)D(b)	Interest other than interest on securities – other than senior citizens
393(1)5(iii)	Income by way of interest other than interest on securities
393(1)6(i)D(a)	Payment for carrying out any work under a contract – the contractor is an individual or HUF
393(1)6(i)D(b)	Payment for carrying out any work under a contract – contractor is a person other than an individual or HUF
393(1)6(iii)D(a)	Fees for technical services (excluding professional services), royalty for cinematographic films, or payments to call centres
393(1)6(iii)D(b)	Fees for professional services or any sum referred to in section 26(2)(h)
393(1)6(iii)D(b)	Remuneration, fees, or commission (other than salary) paid to a company director
393(1)7	Dividends (including preference share dividends)
393(1)8(i)	Amount received under a life insurance policy, including bonus, except exempt amounts
393(1)8(ii)	Payment for the purchase of goods
393(1)8(iv)	Benefit or perquisite arising from the business or profession of a resident
393(1)8(iv) Note 6	Benefits or perquisites provided wholly or partly in kind where tax is paid before release
393(1)8(v)	Sale of goods or provision of services by an e-commerce participant through an e-commerce operator
393(1)8(vi)	Consideration for transfer of a virtual digital asset by a person other than an individual or HUF
393(1)8(vi) Note 6	Consideration in cash or kind for the transfer of a virtual digital asset where tax is paid before release
393(3)1	Winnings from lottery, crossword puzzles, card games, other games, gambling, or betting
393(3)1 Note 2	Winnings in kind or partly in kind from lottery, games, gambling, or betting where tax is paid before release
393(3)2	Winnings from online games
393(3)2 Note 2	Winnings from online games in kind or partly in kind where tax is paid before release
393(3)3	Winnings from horse races
393(3)4	Commission, remuneration, or prize on lottery tickets
393(3)5D(a)	Cash payments by a bank, post office, or co-operative society to a co-operative society
393(3)5D(b)	Cash payments by a bank, post office, or co-operative society to a person other than a co-operative society
393(3)6	Amount referred to in section 80CCA(2)(a) of the Income-tax Act, 1961
393(3)7	Salary, remuneration, commission, bonus, or interest paid or credited to a partner of a firm

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