Form 167 Income Tax Rules 2026 pdf download and Key points

Last Updated on: April 20, 2026

Form 167 Income Tax Rules 2026 pdf download and Key points

FORM NO. 167
[See rule 243]
Statement to furnish information on transaction of crypt-asset under section 509

Under the Income Tax Rules, 2026, Form 167 is a new procedural form related to the Safe Harbour Rules under the Income Tax Act, 2025.

While Form 166 (which we discussed earlier) is the Accountant’s Certificate, Form 167 is the primary document used by an assessee to formally opt-in or out of the Safe Harbour regime.

The form is designed to provide certainty to taxpayers in international or specified domestic transactions by ensuring that the tax authorities will accept the transfer price declared by the assessee if it meets predefined “safe” criteria.

Rule Reference: Governed by Rule 167 and Rule 168 of the Income Tax Rules, 2026.
Section Alignment: It operationalizes Section 167 of the Income Tax Act, 2025 (which replaces the old Section 92CB).
Purpose: To furnish an opt-in / opt-out declaration for the application of Safe Harbour Rules for a specific Tax Year.
Eligibility: Applicable to “Eligible Assessees” undertaking “Eligible International Transactions” (e.g., software development services, ITES, R&D, corporate guarantees, or intra-group loans).

Category	Requirement / Detail
Applicability	Must be filed if the taxpayer wants the Department to accept their Transfer Price without further audit, provided it hits the safe harbour margins (e.g., 17% or 18% for certain IT services).
Mandatory Details	Nature of transaction, quantum of transaction, and the specific Safe Harbour margin/price being adopted.
Accountant Verification	This form is usually filed along with Form 166 (the CA Certificate), which verifies that the transactions described in Form 167 are accurate.
Filing Mode	Strictly electronic through the e-filing portal using a Digital Signature Certificate (DSC).
Timeline	Must be furnished on or before the due date for filing the Return of Income under Section 161 (Old Section 139(1)).