Answer

1. F

   Facts

   For tax year 2026-27 onwards, the annual tax statement is Form 168 under the Income-tax Rules 2026, which replaces Form 26AS. Credit is given under Rule 203 of the Income-tax Rules 2026, which replaces Rule 37BA. TDS certificates become Form 130 and Form 131.

2. P

   Provisions and law

   • Rule 203, Income-tax Rules 2026 (old Rule 37BA)TDS credit is given on the basis of the deductor's statement, in the year the income is assessable
   • Sec 395(4), Income-tax Act 2025 (old Sec 203)Deductor must issue a TDS certificate to the person whose tax was deducted
   • Sec 397(3)(b), Income-tax Act 2025 (old Sec 200(3))Deductors must file quarterly TDS statements and can file correction statements
3. A

   Analysis

   The mapping file lists Form 26AS as Form 168, Form 16 as Form 130 and Form 16A as Form 131 under the 2026 Rules, and Sec 203 as Sec 395(4) of the Income-tax Act 2025. The basic rule, credit based on the deductor's statement, stays the same. For FY 2025-26 and earlier, the old names and Rule 37BA continue. Check your Form 168 each quarter so errors are caught early.

4. C

   Conclusion

   1. 1Check Form 168 quarterly for tax year 2026-27.
   2. 2Match it with payslips and invoices.
   3. 3Ask deductors to correct errors quickly.
   4. 4Keep the old Form 26AS for earlier years.

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