India is progressing towards fully automated Income Tax Return filing. Significant steps have already been taken to simplify ...

The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...

The proposed reform by ICAI will allow couples to file a joint tax return, offering relief to families that depend on a ...

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 ...

For many Indians returning home after extended periods overseas, one recurring tax-season question is whether they can file their income tax return using ITR-1 if they have spent more than 182 days ...

Under the current income tax system, individuals are taxed separately, irrespective of whether they are married or not. Each ...

Under the ICAI’s proposal, married couples choosing joint filing would be assessed on their combined income, with the basic exemption limit effectively doubled to Rs 8 lakh. Tax slabs would be widened ...

Pravin Kaushal writes that joint tax smoothens disparities between high- and low-earning spouses by averaging income across ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and effort.

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