Form 141 becomes the challan-cum-statement for property transfers and Form 132 replaces Form 16B. Form 141 carries a separate stamp duty value field, and the Rs 50 lakh threshold applies on consideration or stamp duty value, whichever is higher.
What this changes for a title check
From 1 April 2026, the TDS paperwork every lawyer asks for on a property purchase above Rs 50 lakh changes shape. Form 26QB is replaced by Form 141 and the certificate, Form 16B, becomes Form 132. The new form is far more detailed: it requires a percentage-wise split of consideration across every buyer and seller, a separate field for stamp duty value distinct from the sale price, and tracking of which instalment a payment represents.
The practical effect for a title check is what document to ask for and when. Deals closing before April 2026 will still carry Form 26QB and Form 16B; deals after that date will carry Form 141 and Form 132, and a report that cites the wrong form name will look sloppy. The built-in stamp duty value field is also useful, it gives a documented SDV figure straight from the TDS filing instead of requiring a separate stamp office lookup.