Tax deducted and collected at source Became Form 123

Form 12BA

Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof

What this form is

Form 12BA belongs to the regime of the Income-tax Act, 1961. The same ground is now covered by Form 123 of the Income-tax Rules, 2026. It is a periodic statement. It reports what happened in a period whether or not anything is owed at the end of it. The person who pays fills this in, not the person who is paid — so if you are the one waiting for it, you are waiting on somebody else’s compliance.

Which provision requires it

Neither side of the department’s description names a section or a rule, so there is nothing here we can point at without guessing. The enabling provision is on the form itself.

What it became under the 2026 Rules

The department carried the description across word for word; only the number moved.

Under the 2026 Rules	What the department calls it
Form 123	Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof (the wording is unchanged)

Where you meet it

You meet it on the deduction side of a payment — at the quarter end when a statement falls due, or when the person deducted from asks for the certificate that lets him claim the credit. A mismatch between the statement and the credit claimed is where most of the trouble starts.

Near it

Other forms we have put in the same group — tax deducted and collected at source.

Form 10E, Form 12B, Form 12BAA, Form 12BB, Form 12BBA, Form 13, Form 15C, Form 15D, Form 15E, Form 15G, Form 15H, Form 16

Get the form

Published by the Income Tax Department. The link goes to their file, not a copy of it — a form is revised without notice and a stale copy is worse than none. Both are here because a notice, an order or a judgment may name either number.

Form 12BA — 1962 Rules (PDF) Fillable version Form 123 — 2026 Rules (PDF) All forms at the department

What here is the department’s and what is ours. The form number, the sentence describing it, and the pairing of the old form with the form it became are all taken from the Income Tax Department’s own published forms concordance, and are reproduced as the department wrote them — including its abbreviations and its occasional typing errors. Everything else on this page is ours: the plain-English account of what the form is, the reading of which provision requires it, the grouping the form sits in, the note on where you meet it, and the selection of cases. The department has not said that this form serves that section; we have read that off the description and off its own section concordance, and we can be wrong. Before you rely on any of it, open the form.