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 ...

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

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

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

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

For a growing section of taxpayers - young professionals, gig workers, and freelancers - filing a tax return still remains complex. Multiple income streams, digital transactions, and evolving ...

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 ...

Refunds are being delayed due to mismatches, unverified returns or clarification notices. Here’s what your notice means and how to respond quickly.

If the time of refund is greatly delayed, along with no update on the online status, contact the Centralised Processing ...

Indians earning salary income abroad can claim foreign tax credit even if Form 67 is filed late, as per a recent ITAT Delhi ruling. The tribunal emphasized that substantive relief shouldn't be denied ...