Answer

1. F

   Facts

   Under the Income-tax Rules 2026, quarterly TDS statements are Form 138 (old Form 24Q) for salary, Form 140 (old Form 26Q) for other resident payments and Form 144 (old Form 27Q) for non-residents. TCS is Form 143 (old Form 27EQ).

2. P

   Provisions and law

   • Sec 397(3)(b), Income-tax Act 2025 (old Sec 200(3))Quarterly TDS statements (Forms 138, 140, 144) and correction statements
   • Sec 399, Income-tax Act 2025 (old Sec 200A)Processing of TDS statements and intimation of sums payable
3. A

   Analysis

   Statements for quarters of FY 2025-26 and earlier, including corrections, continue in the old forms. Statements for tax year 2026-27 use the new ones. Example: a correction for Q4 FY 2025-26 is filed in Form 26Q, while the Q1 2026-27 statement is filed in Form 140. Mixing them up can cause rejection, so check the year before you prepare the file.

4. C

   Conclusion

   1. 1Identify the year of each statement or correction
   2. 2Use old forms for FY 2025-26 and earlier
   3. 3Use Forms 138, 140, 143 and 144 for tax year 2026-27
   4. 4Update your software or utility version
   5. 5Train staff on the new names

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.