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ICAI proposes optional joint taxation for married couples
Financial Express Bengaluru
|November 05, 2025
Wants F&O trading excluded from presumptive income rule
WITH THE PREPARATION for the Union Budget 2026-27 under way, the Institute of Chartered Accountants of India (ICAI) has given a set of suggestions to the government that includes optional joint taxation for married couples, decriminalisation of certain prosecution provisions, removal of dual penalty for the same default.
It has also proposed introduction of year-wise e-ledger system for crediting TDS/TCS and advance tax payments.
It also recommended mandatory return filing by individuals owning more than specified acres of agricultural land.
This story is from the November 05, 2025 edition of Financial Express Bengaluru.
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