The required filings for August 2026 were replaced: old forms (132, 137, 1, 131) were removed and new forms (141, 10BBD, 10BA) and a return filing requirement for certain non‑audited assessees were added.
Before
Assessees had to issue certificates/forms 132, 137, 1, and 131 by mid‑August for TDS/TCS and stock‑exchange client code changes.
After
Assessees must file Form 141 challan‑cum‑statement, Form 10BBD fund‑receipt report, Form 10BA declaration for Section 80GG, and the income‑tax return for AY 2026‑27 if not audited.
Source: Ministry of Finance — VDA Tax Rules (30% / 1% TDS)
View original source →What this means for you
Centralized Exchange
Worth knowingWhy this matters
As a clearly identifiable legal entity with reporting obligations to regulators, the CEX must ensure its tax filings for AY 2026-27 align with the new form requirements. Failure to transition from the removed forms to the new 141, 10BBD, and 10BA filings could lead to non-compliance with tax authorities.
What to do
Update the internal tax compliance calendar and reporting templates to replace forms 132, 137, 1, and 131 with the new required forms.
Deadline: Aug 31, 2026
DeFi Protocol
Doesn't applyWhy this matters
The regulatory change concerns tax filings and forms for 'assessees,' which requires a legal person or entity to be the taxpayer. A fully decentralized protocol with no identifiable operator, owner, or controlling party does not constitute a legal entity capable of filing tax returns or forms.
Custodian
Worth knowingWhy this matters
As a regulated entity (trust company or bank), the custodian is likely an assessee subject to tax filing requirements. The replacement of old forms with new ones (141, 10BBD, 10BA) requires an update to their tax compliance and reporting workflows for the 2026 period.
What to do
Update the internal tax calendar and reporting templates to replace the removed forms with the new required filings (141, 10BBD, 10BA).
Deadline: Aug 31, 2026