The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...
Under the ICAI’s proposal, married couples choosing joint filing would be assessed on their combined income, with the basic ...
The proposed reform by ICAI will allow couples to file a joint tax return, offering relief to families that depend on a ...
If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...
With Budget 2026 on the horizon, the ICAI has proposed allowing married couples to file joint income-tax returns, aiming to ...
Returning Indians face significant tax challenges, often experiencing 'return shock' due to complex rules on residency, ...
At present, India’s income tax system is entirely based on individual taxation, wherein each taxpayer is entitled to a separate basic exemption limit and ...
Ahead of the Union Budget 2026, discussions around major income tax reforms are gaining momentum. One of the most ...
Under the current income tax system, individuals are taxed separately, irrespective of whether they are married or not. Each ...
From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With ...