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flag India's tax department introduces Form 141 to replace four TDS forms.

flag The Indian Income Tax Department has introduced Form 141, a single document replacing four previous TDS forms. flag This new form streamlines reporting for property purchases over ₹50 lakh, monthly rent exceeding ₹50,000, professional payments over ₹50 lakh, and certain digital asset transactions. flag The consolidation aims to reduce administrative burden and simplify the filing process for taxpayers and deductors.

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