Within density-functional theory a time-dependent perturbation theory
is derived that yields exact orbital-dependent expressions for the tim
e-dependent exchange-correlation potential in the form of a perturbati
on series. This leads to an exact time-dependent Kohn-Sham scheme base
d on perturbation theory. In first order an ''exchange-only'' Kohn-Sha
m procedure is obtained, that is a generalization of a recently presen
ted time-dependent optimized potential method. The exact, in higher or
der, but quite complicated expressions for the exchange-correlation po
tential may serve as a starting point for the construction of approxim
ate exchange-correlation potentials. An adiabatic connection or coupli
ng constant path between a time-dependent physical system and its corr
esponding Kohn-Sham system is introduced.