Form 168 (formerly known as 26AS) is a tax information statement introduced by the Income Tax Department under the new Income Tax Act framework. It serves as a comprehensive record of a taxpayer’s tax-related and financial information. The purpose of this form is to help taxpayers verify their tax details before filing their Income Tax Return (ITR).
Important Points:
- Form 168 is a tax information statement issued by the Income Tax Department.
- It helps taxpayers verify their tax and financial details before filing the Income Tax Return (ITR).
- It includes details of:
- Tax Deducted at Source (TDS)
- Tax Collected at Source (TCS)
- Advance Tax and Self-Assessment Tax
- Tax Refunds
- Interest and Dividend Income
- High-value financial transactions
- It helps taxpayers match their tax credits with the information reported by deductors.
- It reduces errors and mismatches while filing the ITR.
- The form is generated automatically by the Income Tax Department.
- Taxpayers are not required to file Form 168 separately.
- It can be accessed through the Income Tax e-Filing portal.
- Reviewing Form 168 before filing an ITR ensures accurate tax compliance and helps avoid notices due to mismatched information.
How to check the Form 168:
Login to income Income Tax portal and navigate to e-file section. Navigate to Income tax returns à View form 168, income tax Act,2025
Click on it. Screen will be redirected to the form 168
Click on View/Download Form 168/Annual Tax Statement
Select the Tax Year and chose the format in which you wanted to download the file. We can view the form online as well. Once you choose how you wanted to view the form and click on proceed.
Interface of the form 168 shows like this with an option to download the form.
In come tax provides the quick insights of the form 168
Understanding Form 168 is essential for every taxpayer. Before filing your ITR, take a few minutes to review the information available in Form 168 to ensure that all tax credits and financial details are correctly reflected. A small verification today can help avoid unnecessary issues in the future