The Income Tax (I-T) Department has introduced Form 168, a new version of the Annual Information Statement (AIS) form, under the Income-tax Rules, 2026. This has left many taxpayers wondering whether Form 168 has replaced the traditional Form 26AS.
Form 168 is designed to be a much more comprehensive statement compared to Form 26AS. It brings together information on taxes paid, income reported by various entities, specified financial transactions, refunds, demands and even details of tax proceedings.