{"id":32384,"date":"2026-07-12T01:05:06","date_gmt":"2026-07-11T19:35:06","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=32384"},"modified":"2026-07-12T01:12:44","modified_gmt":"2026-07-11T19:42:44","slug":"form-26as-replaced-by-form-168-under-income-tax-act-2025","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/","title":{"rendered":"Form 26AS Replaced by Form 168 Under Income-tax Act 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a52ba926f69c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a52ba926f69c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/#Form_26AS_Replaced_by_Form_168_Under_the_Income-tax_Act_2025\" title=\"Form 26AS Replaced by Form 168 Under the Income-tax Act, 2025\">Form 26AS Replaced by Form 168 Under the Income-tax Act, 2025<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/#Major_Changes_under_the_Income_Tax_Act_2025\" title=\"Major Changes under the Income Tax Act, 2025\">Major Changes under the Income Tax Act, 2025<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/#Key_Transition_Form_26AS_Replaced_by_Form_168\" title=\"Key Transition Form 26AS Replaced by Form 168\">Key Transition Form 26AS Replaced by Form 168<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/#What_Form_168_Contains_Form_26AS\" title=\"What Form 168 Contains (Form 26AS)?\u00a0\">What Form 168 Contains (Form 26AS)?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/#Taxpayer_Advisory_related_to_Form_168_Contains_Form_26AS\" title=\"Taxpayer Advisory related to Form 168 Contains (Form 26AS)\">Taxpayer Advisory related to Form 168 Contains (Form 26AS)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/#Before_filing_the_taxpayers_income_tax_return\" title=\"Before filing the taxpayer&#8217;s income tax return\">Before filing the taxpayer&#8217;s income tax return<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/#Why_Form_168_Contains_Form_26AS_Matters\" title=\"Why Form 168 Contains (Form 26AS) Matters?\">Why Form 168 Contains (Form 26AS) Matters?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/#Why_is_Form_168_Form_26AS_Review_Important\" title=\"Why is Form 168 (Form 26AS) Review Important?\">Why is Form 168 (Form 26AS) Review Important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/form-26as-replaced-by-form-168-under-income-tax-act-2025\/#Current_Income_tax_return_Filing_Season_Position\" title=\"Current Income tax return Filing Season Position\">Current Income tax return Filing Season Position<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-32385\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/Form-26AS-also-replaced-with-Form-168-for-Tax-Year-2026-27.jpg\" alt=\"Form 26AS Replaced by Form 168\" width=\"1036\" height=\"613\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/Form-26AS-also-replaced-with-Form-168-for-Tax-Year-2026-27.jpg 1036w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/Form-26AS-also-replaced-with-Form-168-for-Tax-Year-2026-27-300x178.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/Form-26AS-also-replaced-with-Form-168-for-Tax-Year-2026-27-1024x606.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/Form-26AS-also-replaced-with-Form-168-for-Tax-Year-2026-27-768x454.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/Form-26AS-also-replaced-with-Form-168-for-Tax-Year-2026-27-800x473.jpg 800w\" sizes=\"(max-width: 1036px) 100vw, 1036px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Form_26AS_Replaced_by_Form_168_Under_the_Income-tax_Act_2025\"><\/span><span style=\"color: #000080;\"><strong>Form 26AS Replaced by Form 168 Under the Income-tax Act, 2025<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With the implementation of the Income Tax Act, 2025, the erstwhile Form 26AS has been replaced by Form 168 for Tax Year 2026-27. The Income Tax e-Filing Portal now provides a separate option to view &#8220;Form 168, Income Tax Act 2025,&#8221; alongside the option for viewing Form 26AS under the earlier law framework.<\/p>\n<ul>\n<li>Under the Income Tax Rules, 2026, Form 168 has been introduced as the new annual tax information and tax credit statement, replacing Form 26AS for the new tax framework based on the Income Tax Act, 2025.<\/li>\n<li>For the current filing season (Financial Year 2025-26 \/ Assessment Year 2026-27), taxpayers will continue to rely on Form 26AS and AIS, as these statements contain details relating to income earned and taxes deducted during the period from 1 April 2025 to 31 March 2026. Form 168 is the new format for the tax regime under the Income Tax Act, 2025, and the Tax Year concept.<\/li>\n<li>Form 168 has now become the primary annual tax information statement under the Income Tax Act, 2025, replacing Form 26AS for Tax Year 2026-27. Timely reconciliation and correction of discrepancies will help ensure smooth and compliant Income tax return filing.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Major_Changes_under_the_Income_Tax_Act_2025\"><\/span><span style=\"color: #000080;\"><strong>Major Changes under the Income Tax Act, 2025<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Multiple Tax Deducted at Source provisions under the Income Tax Act, 1961, have been consolidated under U\/s \u00a0393(1) of the Income Tax Act, 2025.<\/li>\n<li>The provisions relating to Form 15G\/15H declarations are now covered under section 393(6).<\/li>\n<li>Tax Collected at Source provisions have been shifted from Section 206C of the 1961 Act to Section 394 of the 2025 Act.<\/li>\n<li>The provisions relating to Tax Deducted at Source exemption and filing relief for specified senior citizens aged 75 years or more are incorporated U\/s \u00a0393(1).<\/li>\n<li>Most importantly, Form 26AS (Annual Tax Statement) has been replaced by Form 168 under the Income Tax Act, 2025.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Key_Transition_Form_26AS_Replaced_by_Form_168\"><\/span><span style=\"color: #000080;\"><strong>Key Transition Form 26AS Replaced by Form 168<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 206px;\" width=\"840\">\n<tbody>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Earlier Framework<\/strong><\/td>\n<td><strong>New Framework<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Tax Statement<\/td>\n<td>Form 26AS<\/td>\n<td>Form 168<\/td>\n<\/tr>\n<tr>\n<td>Governing Law<\/td>\n<td>Income Tax Act, 1961<\/td>\n<td>Income Tax Act, 2025<\/td>\n<\/tr>\n<tr>\n<td>Reference Period<\/td>\n<td>Financial Year &amp; Assessment Year<\/td>\n<td>Tax Year<\/td>\n<\/tr>\n<tr>\n<td>Relevant Provision<\/td>\n<td>Section 285BB<\/td>\n<td>Applicable provisions under the Income-tax Act, 2025<\/td>\n<\/tr>\n<tr>\n<td>Relevant Rule<\/td>\n<td>Rule 114-I<\/td>\n<td>Rule 245<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"What_Form_168_Contains_Form_26AS\"><\/span><span style=\"color: #000080;\"><strong>What Form 168 Contains (Form 26AS)?\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Form 168 serves as a comprehensive annual tax statement and includes:<\/p>\n<ul>\n<li>Tax Deducted at Source \/ Tax Collected at Source credits<\/li>\n<li>Advance tax and self-assessment tax payments<\/li>\n<li>Specified Financial Transactions<\/li>\n<li>High-value financial transactions<\/li>\n<li>Refunds and tax demands<\/li>\n<li>Information relating to proceedings<\/li>\n<li>Other information available with the Income Tax Department<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Taxpayer_Advisory_related_to_Form_168_Contains_Form_26AS\"><\/span><span style=\"color: #000080;\"><strong>Taxpayer Advisory related to Form 168 Contains (Form 26AS)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<ul>\n<li>Taxpayers should download Form 168 (Annual Information Statement) and carefully review all information reported therein. This includes verifying Tax Deducted at Source\/Tax Collected at Source credits;\u00a0reconciling interest income, dividend income, and capital gains; reviewing the Statement\u00a0of Financial Transactions and other high-value transactions; and checking details of foreign income and foreign assets, wherever applicable. Any incorrect information appearing in Form 168 should be promptly reported through the Annual Information Statement feedback mechanism.<\/li>\n<li>The revised information submitted through taxpayer feedback is reflected in the Taxpayer Information Summary and may be used by the Income Tax Department for income tax return pre-filling, compliance verification, risk assessment, and mismatch detection. Therefore, timely verification and reconciliation of Form 168 is essential to ensure accurate and hassle-free income tax return filing.<\/li>\n<\/ul>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"Before_filing_the_taxpayers_income_tax_return\"><\/span><span style=\"color: #000080;\"><strong>Before filing the taxpayer&#8217;s income tax return<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Taxpayers should carefully review Form 26AS\/Annual Information Statement and verify Tax Deducted at Source credits deducted by employers, banks and other deductors; Tax Collected at Source entries, wherever applicable; Advance tax payments; Self-assessment tax payments; and Other tax credits reflected in the statement<\/p>\n<p>Although the Income Tax Act, 2025, comes into effect from 1 April 2026, the provisions of the Income Tax Act, 1961, will continue to apply for AY 2026-27, since it relates to income earned up to 31 March 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_Form_168_Contains_Form_26AS_Matters\"><\/span><span style=\"color: #000080;\"><strong>Why Form 168 Contains (Form 26AS) Matters?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Since Form 168 and Annual Information Statement data are increasingly used for ITR pre-filling, risk assessment, mismatch detection, and compliance monitoring. Taxpayers should carefully reconcile all entries before filing the return. Failure to do so may result in notices, additional tax demands, interest, or penalty proceedings. However, taxpayers remain responsible for reporting all taxable income even if it does not appear in Form 168.<\/p>\n<p>Form 168 is the successor to Form 26AS under the Income-tax Act, 2025. However, for Assessment Year 2026-27, taxpayers must continue to rely on Form 26AS\/Annual Information Statement for reporting and verification of income and tax credits relating to Financial Year 2025-26. Proper reconciliation of tax statements remains essential to avoid notices, tax demands, interest, and penalties.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Form_168_Form_26AS_Review_Important\"><\/span><span style=\"color: #000080;\"><strong>Why is Form 168 (Form 26AS) Review Important?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Failure to reconcile tax credits may lead to Tax credit mismatches, Defective return issues, Additional tax demands, Delay in processing of refunds and income tax notices from the department.<\/li>\n<li>Before filing the Income Tax Return, compare Form 26AS\/Annual Information Statement with Form 16\/Form 16A, Books of account, Bank statements, Tax payment challans, capital gains, and investment statements<\/li>\n<li>Timely verification of tax credits and reported transactions can help avoid notices, ensure correct credit of taxes paid, and facilitate smooth processing of the income tax return.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Current_Income_tax_return_Filing_Season_Position\"><\/span><span style=\"color: #000080;\"><strong>Current Income tax return Filing Season Position<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>For Financial Year 2025-26 (Assessment Year 2026-27), taxpayers should continue to review Form 26AS and Annual Information Statement, as these statements contain tax credit and income information relating to the period from 1 April 2025 to 31 March 2026.<\/li>\n<li>From Tax Year 2026-27 onwards, Form 168 will serve as the new annual tax statement and annual information statement framework under the Income Tax Act, 2025.<\/li>\n<li>Before filing the Income Tax Return, taxpayers should:<\/li>\n<li>Verify Tax Deducted at Source \/ Tax Collected at Source credits.<\/li>\n<li>Check advance tax and self-assessment tax payments.<\/li>\n<li>Reconcile Form 26AS\/Form 168 with Annual Information Statement and financial records.<\/li>\n<li>Taxpayer must ensure all taxable income is correctly reported. and rectify any discrepancies before filing the return.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Form 26AS Replaced by Form 168 Under the Income-tax Act, 2025 With the implementation of the Income Tax Act, 2025, the erstwhile Form 26AS has been replaced by Form 168 for Tax Year 2026-27. The Income Tax e-Filing Portal now provides a separate option to view &#8220;Form 168, Income Tax Act 2025,&#8221; alongside the option &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[10499],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32384"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=32384"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32384\/revisions"}],"predecessor-version":[{"id":32387,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32384\/revisions\/32387"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=32384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=32384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=32384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}